The Law Offices of Frank R. Cruz continues its investigation of Zillow Group, Inc. (“Zillow” or the “Company”) (NASDAQ: Z, ZG) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
On March 5, 2024, Spruce Point Capital Management published a report alleging, among other things, that Zillow “uses wildly aggressive revenue recognition and expense policies that can be used to embellish revenues and earnings, which is alarming in context of Zillow’s CFO departing last year.”

On this news, Zillow’s stock price fell $2.85, or 5%, to close at $54.49 per share on March 5, 2024, thereby injuring investors.

Then, on September 30, 2025, the Federal Trade Commission announced that it had sued “Zillow and Redfin over an unlawful agreement that eliminates Redfin as a competitor in the market for placing advertising of rental housing on internet listing services (ILSs)-the websites that millions of Americans use to find their next rental home.”

On this news, Zillow’s stock price fell $3.57 per share, 4.63% to close at $73.48 on October 1, 2025.

Finally, on February 10, 2026, Zillow announced fourth quarter 2025 earnings. In the earnings call, CFO Jeremy Hofmann stated that legal expenses “was higher than we anticipated coming into the quarter and was ultimately 180 basis points of margin drag for Q4.”

On this news, Zillow’s stock price fell $9.05 per share, or 16.5%, to close at $45.66 on February 11, 2026, injuring investors further.