---
schema_version: "secwatch.filing_event.v1"
accession: "0001617640-24-000069"
form_type: "8-K"
ticker: "ZG"
cik: "0001617640"
company_name: "ZILLOW GROUP, INC."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:52:45.214202+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Zillow Q1 revenue $529M (+13% YoY), beats outlook; Adjusted EBITDA $125M

## Summary
- Q1 revenue $529M, above outlook midpoint by $26M; Residential $393M (+9%), Rentals $97M (+31%), Mortgages $31M (+19%).
- GAAP net loss $23M ($0.10 loss per share) vs $22M loss a year ago; non-GAAP net income $93M ($0.36 diluted).
- Adjusted EBITDA $125M (24% of revenue), $25M above outlook midpoint, driven by higher Residential revenue.
- Purchase loan origination volume $601M, up 132% YoY; mortgage marketplace revenue partially offset by lower refinance activity.
- Cash and investments $2.9B at quarter end; average monthly unique users 217M, flat YoY.

## SEC filing metadata
- accession: 0001617640-24-000069
- form_type: 8-K
- ticker: ZG
- cik: 0001617640
- company_name: ZILLOW GROUP, INC.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617640/000161764024000069/0001617640-24-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617640/000161764024000069/z-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617640-24-000069
- JSON: https://secwatch.observer/filing/0001617640-24-000069.json
- Plain text: https://secwatch.observer/filing/0001617640-24-000069.txt

## Key facts
- Earnings Releases
  ZILLOW GROUP, INC. reported the three months ended March 31, 2024 results: revenue $529 million, net income Net loss was $23 million, EPS $(0.10) per share.
  - Period: the three months ended March 31, 2024
  - Revenue: $529 million
  - Net income: Net loss was $23 million
  - EPS: $(0.10) per share
  - Result: reported results
  source text: and their loan officers.” Recent highlights include: • Zillow Group’s first-quarter results exceeded the company’s outlook for revenue and Adjusted EBITDA. • Q1 revenue was $529 million, up 13% year over year and above the midpoint of the company’s outlook range by $26 million. ◦ Residential revenue was up 9% year over year in Q1 to $393 million, outperforming
  evidence_url: https://www.sec.gov/Archives/edgar/data/1617640/000161764024000069/0001617640-24-000069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.