ZILLOW GROUP, INC.
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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.
Mar 31, 2025 · Filed May 7, 2025
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Net Income (Loss) Per Share
Note 10. Net Income (Loss) Per Share
For the periods presented, the following table reconciles the denominators used in the basic and diluted net income (loss) per share calculations (in thousands):
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Denominator for basic calculation | 242,256 | 234,695 |
| Effect of dilutive securities: | ||
| Option awards | 9,668 | — |
| Unvested restricted stock units | 4,268 | — |
| Denominator for dilutive calculation | 256,192 | 234,695 |
For the periods presented, the following Class C capital stock equivalents were excluded from the calculations of diluted net income (loss) per share because their effect would have been antidilutive (in thousands):
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Weighted-average Class C capital stock option awards outstanding | 3,615 | 30,710 |
| Weighted-average Class C capital stock restricted stock units outstanding | 1,528 | 12,668 |
| Class C capital stock issuable upon conversion of the 2024 Notes, 2025 Notes and 2026 Notes | 6,237 | 32,998 |
| Total Class C capital stock equivalents | 11,380 | 76,376 |
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