---
schema_version: "secwatch.filing_event.v1"
accession: "0001617640-25-000093"
form_type: "8-K"
ticker: "ZG"
cik: "0001617640"
company_name: "ZILLOW GROUP, INC."
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T19:30:13.758088+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Zillow Q2 revenue up 15% to $655M, GAAP net income $2M, guidance raised

## Summary
- Revenue $655M (+15% YoY) exceeded outlook; For Sale up 9% to $482M, Rentals up 36% to $159M.
- GAAP net income $2M (vs -$17M YoY); Adjusted EBITDA $155M, margin 24% at high end of outlook.
- Mortgage origination volume jumped 48% to $1.1B; purchase loans drove 41% growth.
- Cash & investments $1.2B after settling $419M convertible notes and $150M share repurchases.
- Full-year 2025 revenue growth now expected at mid-teens, higher end of prior low- to mid-teens guidance.

## SEC filing metadata
- accession: 0001617640-25-000093
- form_type: 8-K
- ticker: ZG
- cik: 0001617640
- company_name: ZILLOW GROUP, INC.
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617640/000161764025000093/0001617640-25-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617640/000161764025000093/z-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617640-25-000093
- JSON: https://secwatch.observer/filing/0001617640-25-000093.json
- Plain text: https://secwatch.observer/filing/0001617640-25-000093.txt

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