---
schema_version: "secwatch.filing_event.v1"
accession: "0001617640-24-000095"
form_type: "8-K"
ticker: "ZG"
cik: "0001617640"
company_name: "ZILLOW GROUP, INC."
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:47:10.068180+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Zillow beats Q2 revenue guidance, promotes Jeremy Wacksman to CEO

## Summary
- Q2 revenue $572M (+13% YoY), $39M above outlook midpoint; Residential revenue $409M (+8% YoY), outperforming industry 3% growth.
- GAAP net loss $17M ($0.07 loss per share) vs $35M loss a year ago; Adjusted EBITDA $134M (23% margin), $41M above outlook midpoint.
- Rentals revenue $117M (+29% YoY) driven by multifamily (+44%); Mortgages revenue $34M (+42%) with purchase loan origination volume $756M (+125%).
- Jeremy Wacksman promoted to CEO from COO; Rich Barton becomes Co-Executive Chairman alongside Lloyd Frink. Effective after Q2 10-Q filing.
- Wacksman base salary $825,000; awarded 61,993 RSUs and 185,976 stock options vesting quarterly over 4 years.

## SEC filing metadata
- accession: 0001617640-24-000095
- form_type: 8-K
- ticker: ZG
- cik: 0001617640
- company_name: ZILLOW GROUP, INC.
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617640/000161764024000095/0001617640-24-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617640/000161764024000095/z-20240807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617640-24-000095
- JSON: https://secwatch.observer/filing/0001617640-24-000095.json
- Plain text: https://secwatch.observer/filing/0001617640-24-000095.txt

## Key facts
- Executive change
  Richard N. Barton changed role as Co-Executive Chairman at ZILLOW GROUP, INC..
  - Action: became
  - Role: Co-Executive Chairman
  source text: Mr. Barton will remain on the Board and become Co-Executive Chairman of the Board, alongside co-founder, President of Zillow Group, and current Executive Chairman of the Board, Lloyd D. Frink.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1617640/000161764024000095/0001617640-24-000095-index.htm
- Executive change
  Jeremy Wacksman was appointed as Director at ZILLOW GROUP, INC..
  - Action: appointed
  - Role: Director
  source text: the Board increased the size of the Board from ten to eleven members and appointed Mr. Wacksman to fill the vacancy created.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1617640/000161764024000095/0001617640-24-000095-index.htm
- Executive change
  Jeremy Wacksman changed role as Chief Executive Officer at ZILLOW GROUP, INC..
  - Action: promoted
  - Role: Chief Executive Officer
  source text: On August 7, 2024, Zillow Group announced the promotion of Jeremy Wacksman from Chief Operating Officer to Chief Executive Officer and his appointment as a member of Zillow Group’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1617640/000161764024000095/0001617640-24-000095-index.htm

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