ZILLOW GROUP INC

For the period ended Dec 31, 2023. Filed Feb 15, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 15, 2024

ZG$29.51-5.7%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations

(in millions, except share data, which are presented in thousands, and per share data)

	Year Ended December 31,
	2023	2022	2021
Revenue	$1,945	$1,958	$2,132
Cost of revenue	421	367	323
Gross profit	1,524	1,591	1,809
Operating expenses:
Sales and marketing	658	664	715
Technology and development	560	498	421
General and administrative	553	498	414
Impairment and restructuring costs	19	24	10
Acquisition-related costs	4	—	9
Integration costs	—	—	1
Total operating expenses	1,794	1,684	1,570
Income (loss) from continuing operations	(270)	(93)	239
Gain (loss) on extinguishment of debt	1	—	(17)
Other income, net	151	43	7
Interest expense	(36)	(35)	(128)
Income (loss) from continuing operations before income taxes	(154)	(85)	101
Income tax benefit (expense)	(4)	(3)	1
Net income (loss) from continuing operations	(158)	(88)	102
Net loss from discontinued operations, net of income taxes	—	(13)	(630)
Net loss	$(158)	$(101)	$(528)
Net income (loss) from continuing operations per share:
Basic	$(0.68)	$(0.36)	$0.41
Diluted	$(0.68)	$(0.36)	$0.39
Net loss per share:
Basic	$(0.68)	$(0.42)	$(2.11)
Diluted	$(0.68)	$(0.42)	$(2.02)
Weighted-average shares outstanding:
Basic	233,575	242,163	249,937
Diluted	233,575	242,163	261,826

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.