secwatch.observer — SEC 8-K summary
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Issuer:     ZILLOW GROUP, INC. (ZG)
CIK:        0001617640
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001617640-25-000149
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617640/000161764025000149/0001617640-25-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617640/000161764025000149/z-20251030.htm
  HTML page:      https://secwatch.observer/filing/0001617640-25-000149

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