secwatch.observer — SEC 8-K summary
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Issuer:     ZILLOW GROUP, INC. (ZG)
CIK:        0001617640
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001617640-25-000093
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617640/000161764025000093/0001617640-25-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617640/000161764025000093/z-20250806.htm
  HTML page:      https://secwatch.observer/filing/0001617640-25-000093

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