secwatch.observer — SEC 8-K summary
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Issuer:     ZILLOW GROUP, INC. (ZG)
CIK:        0001617640
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001617640-23-000108
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zillow Q3 revenue $496M (+3% YoY); beats guidance; acquires Follow Up Boss for $400M
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- Q3 revenue $496M, up 3% YoY and $24M above guidance midpoint; Residential revenue $362M (-3%) vs industry -14%.
- Rentals revenue $99M (+34% YoY); Mortgages revenue $24M (-8%) but purchase loan origination volume +88% YoY.
- GAAP net loss $28M; Adjusted EBITDA $107M, $30M above guidance midpoint.
- Announced acquisition of Follow Up Boss for $400M cash upon close + up to $100M earnouts over 3 years.
- Cash & investments $3.3B; $100M share repurchases in Q3; available repurchase auth $914M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617640/000161764023000108/0001617640-23-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617640/000161764023000108/z-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001617640-23-000108

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer