secwatch.observer — SEC 8-K summary
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Issuer:     ZILLOW GROUP, INC. (ZG)
CIK:        0001617640
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001617640-24-000069
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617640/000161764024000069/0001617640-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617640/000161764024000069/z-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001617640-24-000069

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