---
schema_version: "secwatch.filing_event.v1"
accession: "0001617640-26-000012"
form_type: "8-K"
ticker: "ZG"
cik: "0001617640"
company_name: "ZILLOW GROUP, INC."
filed_at: "2026-02-10T23:59:59+00:00"
generated_at: "2026-05-16T03:36:14.888466+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Zillow Q4 revenue up 18% to $654M, turns profitable with net income $3M vs loss last year

## Summary
- Q4 revenue $654M (+18% YoY); full-year $2.6B (+16%); outperformed industry by 1500bps.
- GAAP net income $3M in Q4 (vs loss $52M); full-year net income $23M (vs loss $112M).
- Adjusted EBITDA $149M in Q4 (margin 23%, +260bps); full-year $622M (margin 24%).
- Rentals revenue surged 45% in Q4 to $168M; Multifamily revenue up 63% YoY.
- Repurchased 3.4M shares for $232M in Q4; cash+investments at $1.3B.

## SEC filing metadata
- accession: 0001617640-26-000012
- form_type: 8-K
- ticker: ZG
- cik: 0001617640
- company_name: ZILLOW GROUP, INC.
- filed_at: 2026-02-10T23:59:59+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/1617640/000161764026000012/0001617640-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617640/000161764026000012/z-20260210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617640-26-000012
- JSON: https://secwatch.observer/filing/0001617640-26-000012.json
- Plain text: https://secwatch.observer/filing/0001617640-26-000012.txt

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