secwatch.observer — SEC 8-K summary
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Issuer:     ZILLOW GROUP, INC. (ZG)
CIK:        0001617640
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001617640-25-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zillow Q1 revenue up 13% to $598M, GAAP net income $8M, authorizes $1B buyback
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- Q1 revenue $598M (+13% YoY), above outlook midpoint; GAAP net income $8M vs loss of $23M YoY.
- Adjusted EBITDA $153M (26% margin, +200bps YoY); For Sale revenue $458M (+8%), Rentals $129M (+33%).
- Board authorized additional $1B share repurchase; Q1 repurchases $250M; $131M remained from prior program.
- Traffic: 227M avg monthly unique users (+5%), visits 2.4B (+2%).
- Full-year 2025 guidance reaffirmed: low-to-mid teens revenue growth, margin expansion, positive GAAP net income.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617640/000161764025000062/0001617640-25-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617640/000161764025000062/z-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001617640-25-000062

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