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Zillow Group, Inc. ZG Reportable Segments — Marketing and advertising costs

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Other financials

Income statement

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Revenue$772.0M+17.9%
Gross profit$562.0M+14.9%
Operating income-$10.0M+9.1%
Net income-$4.0M-300%
EPS (diluted)-$0.02-300%

Balance sheet

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Cash & equivalents$578.0M-2.4%
Total debt$93.0M-71.6%
Total equity$4.3B-9.2%
Total assets$5.3B-2.0%

Cash flow

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Operating cash flow$11.0M-87.4%
CapEx$36.0M-2.7%
Free cash flow$166.0M+144%

Valuation

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Market cap$8.44B-57.1%
Enterprise value$7.96B-59.0%
P/E153.5×
P/S-5.2×

Profitability

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Gross margin72.9%-2.9pp
Operating margin0.4%+0.2pp
Net margin2%+1.2pp
FCF margin12.4%-1.2pp

Returns & leverage

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Return on equity1.2%+0.8pp
Debt / equity0.0×
Current ratio1.9×-1.4×

Where this comes from

Reported directly by Zillow Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:MarketingAndAdvertisingExpense.

The source filing: Zillow Group, Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:36 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001617640-26-000052
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Direct product and service costs11573214123
Share-based compensation7599156196
Depreciation and amortization6567130132
Marketing and advertising costs7464119107
Software and hardware costs39277353
Third-party professional service fees40197136
Restructuring costs3636
Facility expenses771314

Item 1. Financial Statements (unaudited)

FAQ

What is Zillow Group, Inc.'s reportable segments — marketing and advertising costs?
Zillow Group, Inc. (ZG) reported reportable segments — marketing and advertising costs of $74M in Q2 2026.
How has Zillow Group, Inc.'s reportable segments — marketing and advertising costs changed year-over-year?
Zillow Group, Inc.'s reportable segments — marketing and advertising costs increased by 15.6% year-over-year, from $64M to $74M.
What is the long-term trend for Zillow Group, Inc.'s reportable segments — marketing and advertising costs?
Over 3 years (2022 to 2025), Zillow Group, Inc.'s reportable segments — marketing and advertising costs has grown at a 5.0% compound annual growth rate (CAGR), from $165M to $191M.
What does reportable segments — marketing and advertising costs mean?
Covers the expenditures incurred to promote the segment's brands, acquire new customers, and maintain market presence. This metric is critical for evaluating the return on investment for customer acquisition strategies and brand positioning efforts.

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