---
schema_version: "secwatch.filing_event.v1"
accession: "0001617640-25-000149"
form_type: "8-K"
ticker: "ZG"
cik: "0001617640"
company_name: "ZILLOW GROUP, INC."
filed_at: "2025-10-30T23:59:59+00:00"
generated_at: "2026-05-17T01:20:55.388256+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Zillow Q3 revenue $676M (+16% YoY), net income $10M, Adj EBITDA $165M above outlook

## Summary
- Q3 revenue $676M (+16% YoY), above outlook; GAAP net income $10M vs loss of $20M YoY.
- Adjusted EBITDA $165M (24% margin) vs $127M (22%) YoY; both above company outlook.
- For Sale revenue $488M (+10% YoY), Rentals $174M (+41%), Mortgages $53M (+36%).
- Cash and investments $1.4B; traffic 250M avg monthly unique users (+7% YoY).
- No explicit Q4 guidance; reaffirms full-year 2025 targets of mid-teens revenue growth and positive net income.

## SEC filing metadata
- accession: 0001617640-25-000149
- form_type: 8-K
- ticker: ZG
- cik: 0001617640
- company_name: ZILLOW GROUP, INC.
- filed_at: 2025-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617640/000161764025000149/0001617640-25-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617640/000161764025000149/z-20251030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617640-25-000149
- JSON: https://secwatch.observer/filing/0001617640-25-000149.json
- Plain text: https://secwatch.observer/filing/0001617640-25-000149.txt

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