ZILLOW GROUP INC
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
ZG$29.51-5.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in millions, except share data, which are presented in thousands, and per share data, unaudited)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $572 | $506 | $1,101 | $975 |
| Cost of revenue | 130 | 104 | 253 | 196 |
| Gross profit | 442 | 402 | 848 | 779 |
| Operating expenses: | ||||
| Sales and marketing | 205 | 173 | 371 | 329 |
| Technology and development | 144 | 140 | 291 | 277 |
| General and administrative | 131 | 153 | 263 | 276 |
| Impairment and restructuring costs | — | 2 | 6 | 8 |
| Acquisition-related costs | — | 1 | — | 1 |
| Total operating expenses | 480 | 469 | 931 | 891 |
| Loss from operations | (38) | (67) | (83) | (112) |
| Loss on extinguishment of debt | (1) | — | (1) | — |
| Other income, net | 34 | 42 | 67 | 74 |
| Interest expense | (10) | (9) | (19) | (18) |
| Loss before income taxes | (15) | (34) | (36) | (56) |
| Income tax expense | (2) | (1) | (4) | (1) |
| Net loss | $(17) | $(35) | $(40) | $(57) |
| Net loss per share - basic and diluted | $(0.07) | $(0.15) | $(0.17) | $(0.24) |
| Weighted-average shares outstanding - basic and diluted | 233,453 | 233,629 | 234,074 | 234,023 |
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