Zillow (Z) 10-Q 5 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 29, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	ZG
Entity Registrant Name	Zillow Group, Inc.
Entity Central Index Key	1,617,640
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		53,122,181
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,217,447
Class C Capital Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		118,625,861

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 233,539	$ 125,765
Short-term investments	303,220	246,829
Accounts receivable, net of allowance for doubtful accounts of $3,430 and $2,811 at September 30, 2015 and December 31, 2014, respectively	33,568	18,684
Prepaid expenses and other current assets	25,205	10,059
Total current assets	595,532	401,337
Restricted cash	6,739
Long-term investments		83,326
Property and equipment, net	85,745	41,600
Goodwill	1,909,820	96,352
Intangible assets, net	563,540	26,757
Other assets	1,073	358
Total assets	3,162,449	649,730
Current liabilities:
Accounts payable	6,124	9,358
Accrued expenses and other current liabilities	67,449	16,883
Accrued compensation and benefits	12,430	6,735
Deferred revenue	19,820	15,356
Deferred rent, current portion	1,160	864
Total current liabilities	106,983	49,196
Deferred rent, net of current portion	13,836	11,755
Long-term debt	230,000
Deferred tax liabilities and other long-term liabilities	138,189
Total liabilities	$ 489,008	$ 60,951
Commitments and contingencies (Note 15)
Shareholders' equity:
Preferred stock, $0.0001 par value; 30,000,000 shares authorized as of September 30, 2015 and December 31, 2014; no shares issued and outstanding as of September 30, 2015 and December 31, 2014
Additional paid-in capital	$ 2,924,038	$ 716,498
Accumulated other comprehensive income	270
Accumulated deficit	(250,885)	(127,731)
Total shareholders' equity	2,673,441	588,779
Total liabilities and shareholders' equity	3,162,449	649,730
Class A Common Stock
Shareholders' equity:
Common stock	5	3
Class B Common Stock
Shareholders' equity:
Common stock	1	1
Class C Capital Stock
Shareholders' equity:
Common stock	$ 12	$ 8

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accounts receivable, allowance for doubtful accounts	$ 3,430	$ 2,811
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	30,000,000	30,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A Common Stock
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,245,000,000	600,000,000
Common stock, shares issued	53,004,075	34,578,393
Common stock, shares outstanding	53,004,075	34,578,393
Class B Common Stock
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	6,217,447	6,217,447
Common stock, shares outstanding	6,217,447	6,217,447
Class C Capital Stock
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	600,000,000	0
Common stock, shares issued	118,461,741	81,591,680
Common stock, shares outstanding	118,461,741	81,591,680

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Revenue		$ 176,765	$ 88,646	$ 475,307	$ 233,564
Costs and expenses:
Cost of revenue (exclusive of amortization)	[1]	16,453	7,679	46,509	20,636
Sales and marketing		82,044	47,463	229,272	131,025
Technology and development		53,718	20,789	142,783	57,032
General and administrative		42,672	15,757	124,506	44,968
Acquisition-related costs		1,988	13,200	16,144	13,384
Restructuring costs		3,425		35,142
Loss on divestiture of business		4,143		4,143
Total costs and expenses		204,443	104,888	598,499	267,045
Loss from operations		(27,678)	(16,242)	(123,192)	(33,481)
Other income		366	265	1,085	768
Interest expense		(1,590)		(3,900)
Loss before income taxes		(28,902)	(15,977)	(126,007)	(32,713)
Income tax benefit		2,853		2,853
Net loss		$ (26,049)	$ (15,977)	$ (123,154)	$ (32,713)
Net loss per share - basic and diluted		$ (0.15)	$ (0.13)	$ (0.74)	$ (0.27)
Weighted-average shares outstanding - basic and diluted		177,098	120,888	166,986	119,430
[1]	Amortization of website development costs and intangible assets included in technology and development $ 16,405 $ 7,472 $ 45,304 $ 21,113

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Amortization of website development costs and intangible assets included in technology and development	$ 16,405	$ 7,472	$ 45,304	$ 21,113

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net loss	$ (26,049)	$ (15,977)	$ (123,154)	$ (32,713)
Other comprehensive income:
Unrealized gains on investments	154		284
Reclassification adjustment for net investment gains included in net loss	(1)		(14)
Net unrealized gains on investments	153		270
Total other comprehensive income	153		270
Comprehensive loss	$ (25,896)	$ (15,977)	$ (122,884)	$ (32,713)

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating activities
Net loss	$ (123,154)	$ (32,713)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	54,031	25,709
Share-based compensation expense	80,902	24,176
Restructuring costs	19,206
Release of valuation allowance on certain deferred tax assets	(2,853)
Loss on disposal of property and equipment	1,007	456
Loss on divestiture of businesses	3,690
Bad debt expense	2,414	1,699
Deferred rent	2,635	3,179
Amortization of bond premium	2,090	2,628
Changes in operating assets and liabilities:
Accounts receivable	(4,009)	(8,259)
Prepaid expenses and other assets	7,849	(4,082)
Accounts payable	(8,394)	8,642
Accrued expenses and other current liabilities	6,132	7,155
Accrued compensation and benefits	(2,982)	2,344
Deferred revenue	(4,064)	2,423
Other long-term liabilities	4,088
Net cash provided by operating activities	38,588	33,357
Investing activities
Proceeds from maturities of investments	244,079	109,912
Purchases of investments	(227,223)	(212,259)
Proceeds from sales of investments	8,260
Decrease in restricted cash	207
Purchases of property and equipment	(42,391)	(24,279)
Purchases of intangible assets	(11,114)	(3,170)
Proceeds from divestiture of businesses	17,600
Cash acquired in acquisition, net	173,406
Cash paid for acquisitions, net	(104,192)	(3,500)
Net cash provided by (used in) investing activities	58,632	(133,296)
Financing activities
Proceeds from exercise of stock options	18,499	20,944
Value of equity awards withheld for tax liability	(7,945)
Net cash provided by financing activities	10,554	20,944
Net increase (decrease) in cash and cash equivalents during period	107,774	(78,995)
Cash and cash equivalents at beginning of period	125,765	201,760
Cash and cash equivalents at end of period	233,539	122,765
Supplemental disclosures of cash flow information
Cash paid for interest	3,163
Noncash transactions:
Value of Class A common stock issued in connection with an acquisition	1,883,728
Capitalized share-based compensation	8,071	4,996
Write-off of fully depreciated property and equipment	$ 24,899	$ 3,252

Organization and Description of

Organization and Description of Business	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Organization and Description of Business	Note 1. Organization and Description of Business Zillow Group, Inc. operates the leading real estate and home-related information marketplaces on mobile and the Web, with a complementary portfolio of brands and products to help people find vital information about homes and connect with local professionals. Zillow Group’s brands focus on all stages of the home lifecycle: renting, buying, selling, financing and home improvement. The Zillow Group portfolio of consumer brands includes real estate and rental marketplaces Zillow, Trulia, StreetEasy and HotPads. In addition, Zillow Group works with tens of thousands of real estate agents, mortgage and rental professionals, helping maximize business opportunities and connect to millions of consumers. We also own and operate a number of brands for real estate, rental and mortgage professionals, including DotLoop, Postlets, Mortech, Diverse Solutions and Retsly. Acquisition of Trulia, Inc. Effective February 17, 2015, pursuant to the Agreement and Plan of Merger dated as of July 28, 2014 (the “Merger Agreement”) by and among Zillow, Inc. (“Zillow”), Zillow Group, and Trulia, Inc. (“Trulia”), following the consummation of the mergers contemplated by the Merger Agreement (the “Mergers”), each of Zillow and Trulia became wholly owned subsidiaries of Zillow Group. Upon completion of the Mergers, each share of Class A common stock of Zillow (other than shares held by Zillow as treasury stock or by Zillow Group, Trulia, or any direct or indirect wholly owned subsidiary of Zillow or Trulia) was converted into the right to receive one share of fully paid and nonassessable Class A common stock of Zillow Group, each share of Class B common stock of Zillow (other than shares held by Zillow as treasury stock or by Zillow Group, Trulia, or any direct or indirect wholly owned subsidiary of Zillow or Trulia) was converted into the right to receive one share of fully paid and nonassessable Class B common stock of Zillow Group, and each share of Trulia common stock (other than shares held by Trulia as treasury stock or by Zillow Group, Zillow, or any direct or indirect wholly owned subsidiary of Zillow or Trulia) was converted into the right to receive 0.444 of a share of fully paid and nonassessable Class A Common Stock of Zillow Group. In addition, subject to certain exceptions, each Trulia stock option, restricted stock unit and stock appreciation right outstanding upon the consummation of the Mergers, whether or not vested and exercisable, was assumed by Zillow Group and converted into a corresponding equity award to purchase, acquire shares of, or participate in the appreciation in price of Zillow Group Class A Common Stock. The terms of each such assumed equity award are the same except that the number of shares subject to each equity award and the per share exercise price, if any, were adjusted based on the exchange ratio of 0.444 per a formula set forth in the Merger Agreement. Generally, each Zillow stock option and restricted stock unit outstanding upon the consummation of the Mergers, whether or not vested or exercisable, was assumed by Zillow Group and converted into a corresponding equity award to purchase or acquire shares of Zillow Group Class A common stock. The terms of each such assumed equity award are the same. Any unvested shares of Zillow Class A common stock subject to a repurchase option, risk of forfeiture or other condition as of the consummation of the Mergers were exchanged for shares of Zillow Group Class A common stock that are also unvested and subject to the same repurchase option, risk of forfeiture or other condition. Each Zillow restricted unit outstanding as of the consummation of the Mergers was assumed by Zillow Group and converted into the right to receive Zillow Group Class A common stock, subject to the same terms as the original restricted unit. The total purchase price of Trulia was approximately $2.0 billion. We have included Trulia’s results of operations prospectively after February 17, 2015, the date of acquisition. Further details on the acquisition of Trulia are presented in Note 6 of these condensed consolidated financial statements. On February 17, 2015, in connection with the Mergers, Zillow Group undertook a restructuring plan that resulted in a total workforce reduction of nearly 350 employees, primarily to eliminate overlapping positions in the sales and marketing functions related to Trulia’s workforce at its Bellevue, Denver, New York and San Francisco locations. The restructuring plan is a result of the integration of Trulia’s business and operations with and into Zillow Group’s business. Employees directly affected by the restructuring plan have been provided with severance payments, stock vesting acceleration and outplacement assistance. As of September 30, 2015, the restructuring plan is substantially complete. Further details on the restructuring plan are presented in Note 16 of these condensed consolidated financial statements. Certain Significant Risks and Uncertainties We operate in a dynamic industry and, accordingly, can be affected by a variety of factors. For example, we believe that changes in any of the following areas could have a significant negative effect on us in terms of our future financial position, results of operations or cash flows: our ability to successfully integrate and realize the benefits of our past or future strategic acquisitions or investments, including our February 2015 acquisition of Trulia; rates of revenue growth; engagement and usage of our products; scaling and adaptation of existing technology and network infrastructure; competition in our market; management of our growth; qualified employees and key personnel; protection of our brand and intellectual property; changes in government regulation affecting our business; intellectual property infringement and other claims; protection of customers’ information and privacy concerns; and security measures related to our mobile applications and websites, among other things.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements include Zillow Group, Inc. and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. These condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the audited financial statements and accompanying notes as of and for the year ended December 31, 2014 included in Zillow, Inc.’s Annual Report on Form 10-K, which was filed with the SEC on February 17, 2015. The condensed consolidated balance sheet as of December 31, 2014, included herein, was derived from the audited financial statements of Zillow, Inc. as of that date. For financial reporting and accounting purposes, Zillow was the acquirer of Trulia. The results presented in the condensed consolidated financial statements and the notes to condensed consolidated financial statements reflect those of Zillow prior to the completion of the acquisition of Trulia on February 17, 2015, and Trulia’s results of operations have been included prospectively after February 17, 2015. On August 14, 2015, Zillow Group completed a stock dividend in the form of two shares of Class C capital stock for each share of Class A common stock and Class B common stock outstanding as of July 31, 2015. The stock dividend had the effect of a 3-for-1 stock split. All references made to share or per share amounts in the accompanying condensed consolidated financial statements and applicable disclosures have been retroactively adjusted to reflect the stock split. See Note 10, Note 12 and Note 13 for additional information about the stock split effected in the form of a stock dividend. The unaudited condensed consolidated interim financial statements, in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly our financial position as of September 30, 2015, our results of operations and comprehensive loss for the three and nine month periods ended September 30, 2015, and our cash flows for the nine month periods ended September 30, 2015 and 2014. The results of the three and nine month periods ended September 30, 2015 are not necessarily indicative of the results to be expected for the year ended December 31, 2015 or for any interim period or for any other future year. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. On an ongoing basis, we evaluate our estimates, including those related to revenue recognition, website development costs, recoverability of long-lived assets and intangible assets with definite lives, share-based compensation, income tax uncertainties, including a valuation allowance for deferred tax assets, business combinations, goodwill, and restructuring, among others. To the extent there are material differences between these estimates, judgments, or assumptions and actual results, our financial statements will be affected. Reclassifications Certain immaterial reclassifications have been made in the condensed consolidated statements of operations and statements of cash flows to conform data for prior periods to the current format. Concentrations of Credit Risk Financial instruments, which potentially subject us to concentrations of credit risk, consist primarily of cash and cash equivalents, investments and accounts receivable. We place cash and cash equivalents and investments with major financial institutions, which management assesses to be of high credit quality, in order to limit exposure of our investments. Credit risk with respect to accounts receivable is dispersed due to the large number of customers. Further, our credit risk on accounts receivable is mitigated by the relatively short payment terms that we offer. Collateral is not required for accounts receivable. We maintain an allowance for doubtful accounts such that receivables are stated at net realizable value. Cash and Cash Equivalents Cash includes currency on hand as well as demand deposits with banks or financial institutions. Cash equivalents include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Our cash equivalents include only investments with original maturities of three months or less. We regularly maintain cash in excess of federally insured limits at financial institutions. Restricted Cash Restricted cash consists of certificates of deposit held as collateral in our name at a financial institution related to certain of our operating leases. Investments Our investments consist of fixed income securities, which include U.S. and foreign government agency securities, corporate notes and bonds, municipal securities, commercial paper and certificates of deposit, and are classified as available-for-sale securities beginning on January 1, 2015. As the investments are available to support current operations, our available-for-sale securities are classified as short-term investments. Available-for-sale securities are carried at fair value with unrealized gains and losses reported as a component of accumulated other comprehensive loss in shareholders’ equity, while realized gains and losses and other-than-temporary impairments are reported as a component of net loss based on specific identification. An impairment charge is recorded in the condensed consolidated statements of operations for declines in fair value below the cost of an individual investment that are deemed to be other than temporary. We assess whether a decline in value is temporary based on the length of time that the fair market value has been below cost, the severity of the decline and the intent and ability to hold or sell the investment. We did not identify any investments as other-than-temporarily impaired as of September 30, 2015 or December 31, 2014. Prior to January 1, 2015 our investments were classified as held-to-maturity and were recorded at amortized cost (see Note 4). Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are generally due within 30 days and are recorded net of the allowance for doubtful accounts. We consider accounts outstanding longer than the contractual terms past due. We review accounts receivable on a regular basis and estimate an amount of losses for uncollectible accounts based on our historical collections experience, age of the receivable, knowledge of the customer and the condition of the general economy and industry as a whole. We record changes in our estimate to the allowance for doubtful accounts through bad debt expense and relieve the allowance when accounts are ultimately determined to be uncollectible. Bad debt expense is included in general and administrative expenses. Property and Equipment Property and equipment is recorded at cost and depreciated using the straight-line method over the estimated useful lives of the related assets. The useful lives are as follows: Computer equipment 3 years Purchased software 3 years Office equipment, furniture and fixtures 5 to 7 years Leasehold improvements Shorter of expected useful life or lease term Maintenance and repair costs are charged to expense as incurred. Major improvements, which extend the useful life of the related asset, are capitalized. Upon disposal of a fixed asset, we record a gain or loss based on the differences between the proceeds received and the net book value of the disposed asset. Website and Software Development Costs The costs incurred in the preliminary stages of development are expensed as incurred. Once an application has reached the development stage, internal and external costs, if direct and incremental and deemed by management to be significant, are capitalized in property and equipment and amortized on a straight-line basis over their estimated useful lives. Maintenance and enhancement costs, including those costs in the post-implementation stages, are typically expensed as incurred, unless such costs relate to substantial upgrades and enhancements to the website or software that result in added functionality, in which case the costs are capitalized and amortized on a straight-line basis over the estimated useful lives. Amortization expense related to capitalized website and software development costs is included in technology and development expense. Capitalized development activities placed in service are amortized over the expected useful lives of those releases, currently estimated at one year. The estimated useful lives of website and software development activities are reviewed frequently and adjusted as appropriate to reflect upcoming development activities that may include significant upgrades and/or enhancements to the existing functionality. Goodwill Goodwill represents the excess of the cost of an acquired business over the fair value of the assets acquired at the date of acquisition. We assess the impairment of goodwill on an annual basis, in our fourth quarter, or whenever events or changes in circumstances indicate that goodwill may be impaired. We assess goodwill for possible impairment by first performing a qualitative assessment to determine whether it is more likely than not that the fair value of our reporting unit is less than its carrying amount. If we determine that it is not more likely than not that the fair value of our reporting unit is less than its carrying amount, then the first and second steps of the goodwill impairment test are unnecessary. If we determine that it is more likely than not that the fair value of our reporting unit is less than its carrying amount, we perform the two-step goodwill impairment test. The first step of the goodwill impairment test identifies if there is potential goodwill impairment. If step one indicates that an impairment may exist, a second step is performed to measure the amount of the goodwill impairment, if any. Goodwill impairment exists when the estimated fair value of goodwill is less than its carrying value. If impairment exists, the carrying value of the goodwill is reduced to fair value through an impairment charge recorded in our statements of operations. Intangible Assets We purchase and license data content from multiple data providers. This data content consists of U.S. county data about home details (e.g., the number of bedrooms, bathrooms, square footage) and other information relating to the purchase price of homes, both current and historical, as well as imagery, mapping and parcel data that is displayed on our mobile applications and websites. Our home details data not only provides information about a home and its related transactions which is displayed on our mobile applications and websites, but is also used in our proprietary valuation algorithms to produce Zestimates, Rent Zestimates and Zillow Home Value Indexes. License agreement terms vary by vendor. In some instances, we retain perpetual rights to this information after the contract ends; in other instances, the information and data are licensed only during the fixed term of the agreement. Additionally, certain data license agreements provide for uneven payment amounts throughout the life of the contract term. We capitalize payments made to third parties for data licenses that we expect to provide future economic benefit through the recovery of the costs of these arrangements via the generation of our revenue and margins. For data license contracts that include uneven payment amounts, we capitalize the payments as they are made as an intangible asset and amortize the total contract value over the estimated useful life. For contracts in which we have perpetual rights to the data, the total contract value is amortized on a straight-line basis over the life of the contract plus two years, which is equivalent to the estimated useful life of the asset. For contracts in which we do not have access to the data beyond the contractual term, the total contract value is amortized on a straight line basis over the term of the contract. We evaluate data content contracts for potential capitalization at the inception of the arrangement as well as each time periodic payments to third parties are made. The amortization period for the capitalized purchased content is based on our best estimate of the useful life of the asset, which ranges from two to nine years. The determination of the useful life includes consideration of a variety of factors including, but not limited to, our assessment of the expected use of the asset and contractual provisions that may limit the useful life, as well as an assessment of when the data is expected to become obsolete based on our estimates of the diminishing value of the data over time. We evaluate the useful life of the capitalized purchased data content each reporting period to determine whether events and circumstances warrant a revision to the remaining useful life. If we determine the estimate of the asset’s useful life requires modification, the carrying amount of the asset is amortized prospectively over the revised useful life. The capitalized purchased data content is amortized on a straight-line basis as the pattern of delivery of the economic benefits of the data cannot reliably be determined because we do not have the ability to reliably predict future traffic to our websites and mobile applications. Under certain other data agreements, the underlying data is obtained on a subscription basis with consistent monthly or quarterly recurring payment terms over the contractual period. Upon the expiration of such arrangements, we no longer have the right to access the related data, and therefore, the costs incurred under such contracts are not capitalized and are expensed as payments are made. We would immediately lose rights to data under these arrangements if we were to cancel the subscription and/or cease making payments under the subscription arrangements. We also have intangible assets for developed technology, customer relationships, trade names and trademarks, advertising relationships and MLS home data feeds which we recorded in connection with acquisitions. Purchased intangible assets with a determinable economic life are carried at cost, less accumulated amortization. These intangible assets are amortized over the estimated useful life of the asset on a straight-line basis. Recoverability of Intangible Assets with Definite Lives and Other Long-Lived Assets We evaluate intangible assets and other long-lived assets for impairment whenever events or circumstances indicate that they may not be recoverable. Recoverability is measured by comparing the carrying amount of an asset group to future undiscounted net cash flows expected to be generated. We group assets for purposes of such review at the lowest level for which identifiable cash flows of the asset group are largely independent of the cash flows of the other groups of assets and liabilities. If this comparison indicates impairment, the amount of impairment to be recognized is calculated as the difference between the carrying value and the fair value of the asset group. Deferred Revenue Deferred revenue consists of prepaid advertising fees received or billed in advance of the delivery or completion of the services, prepaid but unrecognized subscription revenue, and for amounts received in instances when revenue recognition criteria have not been met. Deferred revenue is recognized when the services are provided and all revenue recognition criteria have been met. Deferred Rent For our operating leases, we recognize rent expense on a straight-line basis over the terms of the leases and, accordingly, we record the difference between cash rent payments and the recognition of rent expense as a deferred rent liability. For office space under an operating lease that is subleased to a third party for which we intend to reoccupy the space at a future date, rent expense is recognized net of sublease income. Landlord-funded leasehold improvements are also recorded as deferred rent liabilities and are amortized as a reduction of rent expense over the non-cancelable term of the related operating lease. Restructuring The main components of our restructuring plan related to the February 2015 acquisition of Trulia relate to workforce reduction and contract termination costs. Workforce reduction charges are accrued when it is probable that the employees are entitled to the severance payments and the amounts can be reasonably estimated. One-time involuntary termination benefits are accrued when the plan of termination has been communicated to the employees and certain other criteria are met. Share-based compensation expense related to acceleration of share-based awards assumed in connection with the acquisition of Trulia is recognized over the remaining requisite service period. Contract termination costs are recognized as a liability when a contract is terminated in accordance with its terms or at the cease-use date. The cumulative effect of a change resulting from a revision to either the timing or the amount of estimated cash flows is recognized as an adjustment to the liability in the period of the change. If the amounts and timing of cash flows from restructuring activities are significantly different from what we have estimated, the actual amount of restructuring and other related charges could be materially different than those we have recorded. Further details on the restructuring are presented in Note 16 of these condensed consolidated financial statements. Business Combinations We recognize identifiable assets acquired and liabilities assumed at their acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the net of the acquisition date fair values of the assets acquired and the liabilities assumed. While we use our best estimates and assumptions for the purchase price allocation process to value assets acquired and liabilities assumed at the acquisition date, our estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, we record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill to the extent that we identify adjustments to the preliminary purchase price allocation. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to our condensed consolidated statements of operations. We recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. Further details on the February 2015 acquisition of Trulia and the August 2015 acquisition of DotLoop, Inc. are presented in Note 6 of these condensed consolidated financial statements. Revenue Recognition In general, we recognize revenue when (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred or services have been rendered to the customer, (iii) the fee is fixed or determinable, and (iv) collectability is reasonably assured. We consider a signed agreement, a binding insertion order or other similar documentation reflecting the terms and conditions under which products or services will be provided to be persuasive evidence of an arrangement. Collectability is assessed based on a number of factors, including payment history and the creditworthiness of a customer. If it is determined that collection is not reasonably assured, revenue is not recognized until collection becomes reasonably assured, which is generally upon receipt of cash. We generate revenue from the sale of advertising services and our suite of tools to businesses and professionals primarily associated with the real estate and mortgage industries. These professionals include local real estate professionals, mortgage professionals and brand advertisers. Our two revenue categories are marketplace revenue and display revenue. Incremental direct costs incurred related to the acquisition or origination of a customer contract in a transaction that results in the deferral of revenue are expensed as incurred. Marketplace Revenue. Real estate revenue primarily includes revenue from advertising and a suite of tools sold to real estate professionals, as well as revenue generated by the Zillow Rental Network, which includes our rentals marketplace and suite of tools for rental professionals. In August 2015, Zillow Group completed the integration of certain Zillow and Trulia agent advertising products, effectively eliminating the Trulia Local Ads and Trulia Mobile Ads products. As a result of the integration, agent advertisers can manage their advertising across both Zillow and Trulia mobile and Web through the combined Premier Agent platform. Our Zillow Premier Agent program, which is included in real estate revenue, offers a suite of marketing and business technology solutions to help real estate agents grow their businesses and personal brands. The Premier Agent program allows agents to select products and services that they can tailor to meet their business and advertising needs. The program has three tiers of participation including Premier Platinum, our flagship product, as well as Premier Gold and Premier Silver, to meet different marketing and business needs of a broad range of agents. All tiers of Premier Agents receive access to a dashboard portal on our website that provides individualized program performance analytics, as well as our personalized website service, and our free customer relationship management, or CRM, tool that captures detailed information about each contact made with a Premier Agent through our mobile and web platforms. Our Premier Gold product also includes featured listings whereby the agent’s listings will appear at the top of search results on our mobile and web platforms. Our Premier Platinum product includes the dashboard portal on our website, our personalized website service, our CRM tool, featured listings, and inclusion on our buyer’s agent list, whereby the agent appears as the agent to contact for listings in the purchased zip code. We charge for our Platinum Premier Agent product based on the number of impressions delivered on our buyer’s agent list in zip codes purchased and a contracted maximum cost per impression. Our Platinum Premier Agent product includes multiple deliverables which are accounted for as a single unit of accounting, as the delivery or performance of the undelivered elements is based on traffic to our mobile applications and websites. We recognize revenue related to our impression-based Platinum Premier Agent product based on the lesser of (i) the actual number of impressions delivered on our buyer’s agent list during the period multiplied by the contracted maximum cost per impression, or (ii) the contractual maximum spend on a straight-line basis during the contractual period over which the services are delivered, typically over a period of six months or twelve months and then month-to-month thereafter. We charge a fixed subscription fee for Zillow’s Premier Gold and Premier Silver subscription products. Subscription advertising revenue for our Premier Gold and Premier Silver subscription products is recognized on a straight-line basis during the contractual period over which the services are delivered, typically over a period of six months and then month-to-month thereafter. Our Trulia real estate products included in real estate revenue are primarily sold on a fixed fee subscription basis, and include Trulia Local Ads, Trulia Mobile Ads, Trulia Pro with featured listings and Trulia Seller Ads. Prior to the August 2015 integration of certain of Zillow’s and Trulia’s advertising products, Trulia Local Ads and Trulia Mobile Ads enabled real estate professionals to promote themselves on Trulia’s search results pages and property details pages for a local market area. Real estate professionals purchased subscriptions to these products based upon their specified market share for a city or zip code, at a fixed monthly price, for periods ranging from one month to one year, with pricing depending on demand, location, and the percentage of market share purchased. Following the August 2015 agent advertising product integration, Trulia Local Ads and Trulia Mobile Ads products are no longer sold by Zillow Group. Trulia’s featured listings product allows real estate professionals to receive prominent placement of their listings in Trulia’s search results. Real estate professionals sign up for new subscriptions to this product at a fixed monthly price for periods that generally range from six months to 12 months. Trulia Seller Ads enable real estate professionals to generate leads from consumers interested in selling their homes. Subscription advertising revenue for Trulia’s real estate products included in real estate revenue is recognized on a straight-line basis during the contractual period over which the services are delivered. Rentals revenue, which is included in real estate revenue, primarily includes advertising sold to property managers and other rental professionals on a cost per lead and cost per lease generated basis. We recognize revenue as leads are delivered to rental professionals or as qualified leases are confirmed. Mortgages revenue primarily includes advertising sold to mortgage lenders and other mortgage professionals on a cost per lead basis, as well as revenue generated by Mortech, which provides subscription-based mortgage software solutions, including a product and pricing engine and lead management platform, for which we recognize revenue on a straight-line basis during the contractual period over which the services are delivered. For our cost per lead mortgage advertising products, participating qualified mortgage professionals make a prepayment to gain access to consumers interested in connecting with mortgage professionals. Consumers who request rates for mortgage loans are presented with personalized quotes from participating mortgage professionals. We only charge mortgage professionals a fee when users contact mortgage professionals for more information regarding a mortgage loan quote. Mortgage professionals who exhaust their initial prepayment can then prepay additional funds to continue to participate in the marketplace. We recognize revenue when a user contacts a mortgage professional. Market Leader revenue primarily includes revenue from the sale of a comprehensive premium software-as-a-service based marketing product typically sold to real estate professionals as a bundle of products under a fixed fee subscription. Prior to our September 30, 2015 divestiture of Market Leader, we also sold a base version of these products to strategic franchise networks for specified contractual amounts over a number of years and partnered with them to drive adoption of our premium solution across their network. Market Leader revenue is included in our results of operations through the date of divestiture of September 30, 2015 (see Note 7). Display Revenue. Multiple-Element Arrangements. We allocate arrangement consideration in multiple-element revenue arrangements at the inception of an arrangement to all deliverables or those packages in which all components of the package are delivered at the same time based on the relative selling price method in accordance with the selling price hierarchy, which includes: (i) vendor-specific objective evidence (“VSOE”) if available; (ii) third-party evidence (“TPE”) if VSOE is not available; and (iii) best estimate of selling price (“BESP”) if neither VSOE nor TPE is available. VSOE - TPE - BESP - • The list price represents a component of the go-to-market strategy established by senior management. Our list prices are based on the features of the products offered. These features, which consist of the size and placement of the advertisements on our mobile applications and websites, impact the list prices which vary depending on the specifications of the features. In addition, the list prices are impacted by market conditions, including the conditions of the real estate market and economy in general, and our competitive landscape; and • Analysis of our current and historical selling prices for these deliverables. We limit the amount of allocable arrangement consideration to amounts that are fixed or determinable and that are not contingent on future performance or future deliverables. We regularly review our BESP. Changes in assumptions or judgments or changes to the elements in the arrangement could cause a material increase or decrease in the amount of revenue that we report in a particular period. We recognize the relative fair value of the products as they are delivered assuming all other revenue recognition criteria are met. Cost of Revenue Our cost of revenue consists of expenses related to operating our mobile applications and websites, including associated headcount expenses, such as salaries and benefits and share-based compensation expense and bonuses, as well as credit card fees, ad serving costs paid to third parties, revenue-sharing costs related to our commercial business relationships, costs to generate leads for customers, multiple listing services fees and costs associated with the operation of our data center and customer websites. Technology and Development Research and development costs are expensed as incurred and are recorded in technology and development expenses. These costs consist primarily of technology and development headcount related expenses including salaries, bonuses, benefits and share-based compensation expense primarily associated with developing new technologies. Technology and development expenses also include amortization of intangible assets, including acquired intangible assets, purchased content and capitalized website development costs, and other data content expense. Share-Based Compensation We measure compensation expense for all share-based awards at fair value on the date of grant and recognize compensation expense over the service period on a straight-line basis for awards expected to vest. We use the Black-Scholes-Merton option-pricing model to determine the fair value for option awards. In valuing our option awards, we make assumptions about risk-free interest rates, dividend yields, volatility, and weighted-average expected lives, including estimated forfeiture rates. Risk-free interest rates are derived from U.S. Treasury securities as of the option award grant date. Expected dividend yield is based on our historical dividend payments, which have been zero to date. The expected volatility for our Class A common stock and Class C capital stock is estimated using a combination of our historical volatility and the published historical volatilities of industry peers in the online publishing market representing the verticals in which we operate. Through June 30, 2015, we estimated the weighted-average expected life of the option awards as the average of the option vesting schedule and the term of the award, since we did not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term due to the limited period of time share-based awards had been exercisable. Beginning July 1, 2015, we estimate the weighted-average expected life of the option awards based on our historical exercise data. Forfeiture rates are estimated using historical actual forfeiture trends as well as our judgment of future forfeitures. These rates are evaluated at least quarterly and any change in compensation expense

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 3. Fair Value Measurements Accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. The standards also establish a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Assets and liabilities valued based on observable market data for similar instruments, such as quoted prices for similar assets or liabilities. • Level 3 — Unobservable inputs that are supported by little or no market activity; instruments valued based on the best available data, some of which is internally developed, and considers risk premiums that a market participant would require. We applied the following methods and assumptions in estimating our fair value measurements: Cash equivalents Investments Restricted cash The following table presents the balances of assets measured at fair value on a recurring basis, by level within the fair value hierarchy, as of September 30, 2015 (in thousands): September 30, 2015 Total Level 1 Level 2 Cash equivalents: Money market funds $ 194,870 $ 194,870 $ — Certificates of deposit 502 — 502 Short-term investments: U.S. government agency securities 188,170 188,170 — Corporate notes and bonds 60,147 — 60,147 Municipal securities 37,822 — 37,822 Certificates of deposit 14,084 — 14,084 Commercial paper 2,997 — 2,997 Restricted cash 6,739 — 6,739 Total $ 505,331 $ 383,040 $ 122,291 The following table presents the fair value, by level within the fair value hierarchy, of our cash equivalents and investments as of December 31, 2014 (in thousands): December 31, 2014 Total Level 1 Level 2 Cash equivalents: Money market funds $ 98,645 $ 98,645 $ — Foreign government securities 9,035 — 9,035 Certificates of deposit 2,975 — 2,975 Short-term investments: U.S. government agency securities 118,342 118,342 — Corporate notes and bonds 78,746 — 78,746 Municipal securities 26,256 — 26,256 Foreign government securities 8,570 — 8,570 Commercial paper 7,987 — 7,987 Certificates of deposit 6,928 — 6,928 Long-term investments: U.S. government agency securities 63,515 63,515 — Municipal securities 12,917 — 12,917 Corporate notes and bonds 6,694 — 6,694 Certificates of deposit 200 — 200 Total $ 440,810 $ 280,502 $ 160,308 As of December 31, 2014, the amortized cost of cash equivalents and held-to-maturity investments approximated their fair value. See Note 10 for the carrying amount and estimated fair value of the Company’s convertible senior notes.

Cash, Cash Equivalents, Investm

Cash, Cash Equivalents, Investments and Restricted Cash	9 Months Ended
	Sep. 30, 2015
Text Block [Abstract]
Cash, Cash Equivalents, Investments and Restricted Cash	Note 4. Cash, Cash Equivalents, Investments and Restricted Cash On January 1, 2015 we transferred our cash equivalent and investment portfolio of approximately $440.8 million from held-to-maturity to available-for-sale, which resulted in the recognition of an insignificant loss of $0.1 million. The transfer of the investment portfolio to available-for-sale was made to provide increased flexibility in the use of our investments to support current operations. As the investments are available to support current operations, our available-for-sale securities are classified as short-term investments. Available-for-sale securities are carried at fair value with unrealized gains and losses reported as a component of accumulated other comprehensive loss in shareholders’ equity, while realized gains and losses and other-than-temporary impairments are reported as a component of net loss based on specific identification. The following table presents the amortized cost, gross unrealized gains and losses, and estimated fair market value of our cash and cash equivalents, available-for-sale investments and restricted cash as of September 30, 2015 (in thousands): September 30, 2015 Amortized Gross Gross Estimated Cash $ 38,167 $ — $ — $ 38,167 Cash equivalents: Money market funds 194,870 — — 194,870 Certificates of deposit 502 — — 502 Short-term investments: U.S government agency securities 188,035 148 (13 ) 188,170 Corporate notes and bonds 60,139 25 (17 ) 60,147 Municipal securities 37,791 35 (4 ) 37,822 Certificates of deposit 14,081 4 (1 ) 14,084 Commercial paper 2,997 — — 2,997 Restricted cash 6,739 — — 6,739 Total $ 543,321 $ 212 $ (35 ) $ 543,498 The following table presents available-for-sale investments by contractual maturity date as of September 30, 2015 (in thousands): Amortized Cost Estimated Fair Market Value Due in one year or less $ 209,463 $ 209,561 Due after one year through two years 93,580 93,659 Total $ 303,043 $ 303,220

Property and Equipment, net

Property and Equipment, net	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Note 5. Property and Equipment, net The following table presents the detail of property and equipment as of the dates presented (in thousands): September 30, 2015 December 31, 2014 Website development costs $ 64,070 $ 65,224 Computer equipment 19,455 13,243 Leasehold improvements 31,872 10,617 Software 7,426 3,431 Construction-in-progress 16,640 9,307 Office equipment, furniture and fixtures 12,572 6,482 Property and equipment 152,035 108,304 Less: accumulated amortization and depreciation (66,290 ) (66,704 ) Property and equipment, net $ 85,745 $ 41,600 We recorded depreciation expense related to property and equipment (other than website development costs) of $3.2 million and $1.6 million, respectively, during the three months ended September 30, 2015 and 2014, and $8.7 million and $4.6 million, respectively, during the nine months ended September 30, 2015 and 2014. We capitalized $13.6 million and $6.0 million, respectively, in website development costs during the three months ended September 30, 2015 and 2014, and $35.4 million and $17.1 million, respectively, during the nine months ended September 30, 2015 and 2014. Amortization expense for website development costs included in technology and development expenses was $6.2 million and $4.8 million, respectively, during the three months ended September 30, 2015 and 2014, and $16.8 million and $13.3 million, respectively, during the nine months ended September 30, 2015 and 2014. Construction-in-progress primarily consists of website development costs that are capitalizable, but for which the associated applications had not been placed in service.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Acquisitions	Note 6. Acquisitions During the nine months ended September 30, 2015, we acquired Trulia, Inc. and DotLoop, Inc. Acquisition-related costs incurred, which primarily included investment banker fees, legal, accounting, tax, regulatory filing and printing fees, were expensed as incurred. Total acquisition-related costs of $2.0 million and $16.1 million, respectively, for the three and nine month periods ended September 30, 2015, are included as a separate line item in our condensed consolidated statement of operations, and primarily relate to the February 2015 acquisition of Trulia. Acquisition of Trulia Effective February 17, 2015, pursuant to the Merger Agreement dated as of July 28, 2014 by and among Zillow, Zillow Group and Trulia, following the consummation of the Mergers contemplated by the Merger Agreement, each of Zillow and Trulia became wholly owned subsidiaries of Zillow Group. Prior to the closing, Zillow Group formed two wholly owned subsidiaries, Zebra Merger Sub, Inc. and Tiger 1 Merger Sub, Inc. Pursuant to the Merger Agreement, Zebra Merger Sub, Inc. merged with and into Zillow (the “Zillow Merger”), Zebra Merger Sub, Inc. ceased to exist, and Zillow is the surviving corporation, and Tiger 1 Merger Sub, Inc. merged with and into Trulia (the “Trulia Merger”), Tiger 1 Merger Sub, Inc. ceased to exist, and Trulia is the surviving corporation. The acquisition of Trulia aligns with our growth strategies, including focusing on consumers and deepening, strengthening, and expanding our marketplaces. With the addition of Trulia, we expanded our audience and added another consumer brand that offers buyers, sellers, homeowners and renters access to information about homes and real estate for free, and provides advertising and software solutions that help real estate professionals grow their business. At the effective time of the Zillow Merger, each share of Zillow Class A common stock, other than Zillow excluded shares (as defined below), was converted into the right to receive one share of fully paid and nonassessable Zillow Group Class A common stock, and each share of Zillow Class B common stock, other than Zillow excluded shares, was converted into the right to receive one share of fully paid and nonassessable Zillow Group Class B common stock. Shares of Zillow common stock held by Zillow as treasury stock or by Zillow Group, Trulia, or any direct or indirect wholly owned subsidiary of Zillow or Trulia (“Zillow excluded shares”) were canceled and did not receive the Zillow merger consideration. Generally, each Zillow stock option and restricted stock unit outstanding (whether or not vested or exercisable) as of the effective time of the Zillow Merger was assumed by Zillow Group and converted into a corresponding equity award to purchase or acquire shares of Zillow Group Class A common stock, subject to the same terms, conditions and restrictions as the original option or award. Any unvested shares of Zillow Class A common stock subject to a repurchase option, risk of forfeiture or other condition as of the effective time of the Zillow Merger were exchanged for shares of Zillow Group Class A common stock that are also unvested and subject to the same repurchase option, risk of forfeiture or other condition. Each Zillow restricted unit outstanding as of the effective time of the Zillow Merger was assumed by Zillow Group and converted into the right to receive Zillow Group Class A common stock, subject to the same terms, conditions and restrictions as the original restricted unit. At the effective time of the Trulia Merger, each share of Trulia common stock, other than Trulia excluded shares (as defined below), was converted into the right to receive 0.444 of a share of fully paid and nonassessable Zillow Group Class A common stock. Shares of Trulia common stock held by Trulia as treasury stock or by Zillow Group, Zillow, or any direct or indirect wholly owned subsidiary of Zillow or Trulia (“Trulia excluded shares”) were canceled and did not receive the Trulia merger consideration. Generally, each Trulia stock option, restricted stock unit, and stock appreciation right outstanding (whether or not vested or exercisable) as of the effective time of the Trulia Merger was assumed by Zillow Group and converted into a corresponding equity award to purchase, acquire shares of, or participate in the appreciation in price of Zillow Group Class A common stock, subject to the same terms, conditions and restrictions as the original option or award, subject to specified adjustments to reflect the effect of the Trulia exchange ratio. Each outstanding unvested Trulia stock option and restricted stock unit held by a member of the Trulia board of directors immediately prior to the effective time of the Trulia Merger who was not an employee of Trulia or any subsidiary of Trulia became fully vested immediately prior to the effective time of the Trulia Merger in accordance with the terms of the applicable award agreements. Our acquisition of Trulia has been accounted for as a business combination, and assets acquired and liabilities assumed were recorded at their estimated fair values as of February 17, 2015. Goodwill, which represents the expected synergies from combining the acquired assets and the operations of the acquirer, as well as intangible assets that do not qualify for separate recognition, is measured as of the acquisition date as the excess of consideration transferred, which is also measured at fair value, and the net of the fair values of the assets acquired and the liabilities assumed as of the acquisition date. In all cases in which Zillow Group’s closing stock price is a determining factor in arriving at the amount of merger consideration, the stock price assumed is the closing price of Zillow Class A common stock on NASDAQ on February 17, 2015 ($109.14 per share, unadjusted for the August 2015 stock split effected in the form of a dividend). The purchase price to effect the acquisition of Trulia of approximately $2.0 billion is summarized in the following table (in thousands): Value of Class A Common stock issued $ 1,883,728 Substituted stock options and stock appreciation rights attributable to pre-combination service 54,853 Substituted restricted stock units attributable to pre-combination service 27,798 Cash paid in lieu of fractional outstanding shares 41 Total purchase price $ 1,966,420 A total of 17,259,704 shares of Zillow Group Class A common stock were issued in connection with the acquisition of Trulia. Trulia stockholders did not receive any fractional shares of Zillow Group Class A common stock in connection with the Mergers. Instead of receiving any fractional shares, each holder of Trulia common stock was paid an amount in cash (without interest) equal to such fractional amount multiplied by the last reported sale price of Zillow Class A common stock on NASDAQ on the last complete trading day prior to the date of the effective time of the Trulia Merger. A portion of the purchase price has been attributed to the substitution of Trulia’s stock options, restricted stock units and stock appreciation rights outstanding as of February 17, 2015, for corresponding stock options, restricted stock units and stock appreciation rights to purchase, vest in or participate in the appreciation in price of shares of Zillow Group Class A common stock, all at an exchange ratio of 0.444. The fair value of Trulia’s share-based awards assumed in connection with the acquisition, including stock options, restricted stock units and stock appreciation rights, which relate to post-combination service will be recorded by Zillow Group as share-based compensation expense ratably over the remaining related vesting period of the respective award. The share-based compensation expense related to stock options and stock appreciation rights assumed is estimated at the acquisition date using the Black-Scholes-Merton option-pricing model, assuming no dividends, expected volatility of 53%, a risk-free interest rate of 1.10%, and an expected life of three years. For restricted stock units assumed, Zillow Group uses the market value of Zillow’s Class A common stock on the date of acquisition to determine the fair value of the award. The total purchase price has been allocated to the assets acquired and liabilities assumed, including identifiable intangible assets, based on their respective fair values at the acquisition date. Based upon the fair values determined by us, in which we considered or relied in part upon a valuation report of a third-party expert, the total purchase price was allocated as follows (in thousands): Cash and cash equivalents $ 173,447 Accounts receivable 13,093 Prepaid expenses and other current assets 20,833 Restricted cash 6,946 Property and equipment 30,189 Other assets 434 Identifiable intangible assets 549,000 Goodwill 1,737,270 Accounts payable, accrued expenses and other current liabilities (51,258 ) Accrued compensation and benefits (8,324 ) Deferred revenue (8,300 ) Long-term debt (230,000 ) Debt premium recorded in additional paid-in capital (126,386 ) Deferred tax liabilities and other long-term liabilities (140,524 ) Total preliminary estimated purchase price $ 1,966,420 The preliminary estimated fair value of identifiable intangible assets acquired consisted of the following (in thousands): Preliminary Fair Value Estimated Useful Life (in years) Trulia trade names and trademarks $ 351,000 Indefinite Market Leader trade names and trademarks 2,000 2 Customer relationships 92,000 3-7 Developed technology 91,000 3-7 Advertising relationships 9,000 3 MLS home data feeds 4,000 3 Total $ 549,000 The preliminary estimated fair value of the intangible assets acquired was determined by Zillow Group, and Zillow Group considered or relied in part upon a valuation report of a third-party expert. Zillow Group used an income approach to measure the fair value of the trade names and trademarks and the developed technology based on the relief-from-royalty method. Zillow Group used an income approach to measure the fair value of the customer relationships based on the excess earnings method, whereby the fair value is estimated based upon the present value of cash flows that the applicable asset is expected to generate. Zillow Group used an income approach to measure the fair value of the advertising relationships based on a with and without analysis, whereby the fair value is estimated based on the present value of cash flows the combined business is expected to generate with and without the advertising relationships. Zillow Group used a cost approach to measure the fair value of the MLS home data feeds based on the estimated cost to replace the data feed library. These fair value measurements were based on Level 3 measurements under the fair value hierarchy. A portion of the total purchase price was allocated to Trulia’s 2020 Notes (see Note 10). In accordance with the accounting guidance related to business combinations, the 2020 Notes are recognized at fair value as of the effective date of the Mergers. The preliminary estimated fair value of the 2020 Notes as of the date of acquisition is approximately $356.4 million. The preliminary estimated fair value of the 2020 Notes was determined by Zillow Group, and Zillow Group considered or relied in part upon a valuation report of a third-party expert. The preliminary estimated fair value of the 2020 Notes was determined through combination of the use of a binomial lattice valuation model and consideration of quoted market prices. The fair value is classified as Level 3 due to the use of significant unobservable inputs such as implied volatility of Zillow Group’s Class A common stock, discount spread and the limited trading activity for the 2020 Notes. Given the preliminary fair value of the 2020 Notes of $356.4 million is at a substantial premium to the principal amount of $230.0 million, the premium amount of $126.4 million has been recorded as additional paid-in capital in the condensed consolidated balance sheet as of the effective date of the Mergers. Accordingly, Zillow Group has recognized the liability component of the 2020 Notes at the stated par amount in the condensed consolidated balance sheet as of the effective date of the Mergers. The conversion feature included in the 2020 Notes is not required to be bifurcated and separately accounted for as it meets the equity scope exception given the conversion feature (i) is indexed to Zillow Group’s Class A common stock and (ii) would be classified in shareholder’s equity. Further, the 2020 Notes do not permit or require Zillow Group to settle the debt in cash (in whole or in part) upon conversion. A portion of the total purchase price was allocated to deferred tax liabilities primarily related to an indefinite-lived intangible asset generated in connection with the Mergers. Due to the recognition of a $351.0 million indefinite-lived Trulia trade name and trademark intangible asset as of the effective date of the Mergers, a deferred tax liability of $140.4 million is recognized which cannot be offset by the recognized deferred tax assets. Our estimates and assumptions related to the purchase price allocation are preliminary and subject to change during the measurement period (up to one year from the acquisition date) as we finalize the amount of intangible assets, goodwill, and deferred taxes recorded in connection with the acquisition. The results of operations related to the acquisition of Trulia have been included in our financial statements since the date of acquisition of February 17, 2015. However, disclosure of the amounts of revenue and earnings of the acquiree since the acquisition date is impracticable because discrete financial information is not available due to the rapid integration of Zillow’s and Trulia’s operations. Unaudited Pro Forma Financial Information The following unaudited pro forma condensed combined financial information gives effect to the acquisition of Trulia as if it were consummated on January 1, 2014 (the beginning of the comparable prior reporting period). The unaudited pro forma condensed combined financial information is presented for informational purposes only. The unaudited pro forma condensed combined financial information does not represent true historical financial information. Further, the unaudited pro forma condensed combined financial information is not intended to represent or be indicative of the results of operations that would have been reported had the acquisition occurred on January 1, 2014 and should not be taken as representative of future results of operations of the combined company. The following table presents the unaudited pro forma condensed combined financial information (other than revenue for the three months ended September 30, 2015, which is presented on an as reported basis) (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 (1) 2014 (2) 2015 (3) 2014 (4) Revenue $ 176,765 $ 155,790 $ 510,565 $ 419,283 Net loss $ (21,393 ) $ (18,616 ) $ (65,978 ) $ (72,070 ) (1) The three months ended September 30, 2015 includes pro forma adjustments for $3.4 million to eliminate restructuring costs associated with the acquisition of Trulia reflected in the historical financial statements and $1.2 million to eliminate direct and incremental acquisition-related costs reflected in the historical financial statements. (2) The three months ended September 30, 2014 includes pro forma adjustments for $24.0 million to eliminate direct and incremental acquisition-related costs reflected in the historical financial statements, $4.7 million to record additional amortization expense for acquired intangible assets, $1.8 million to eliminate Trulia’s historical amortization of capitalized website development costs, $0.7 million to record additional rent expense and $0.6 million to eliminate share-based compensation expense attributable to substituted equity awards. (3) The nine months ended September 30, 2015 includes pro forma adjustments for $49.1 million to eliminate direct and incremental acquisition-related costs reflected in the historical financial statements, $37.3 million to eliminate share-based compensation expense attributable to substituted equity awards and to record additional share-based compensation expense attributable to substituted equity awards, $35.3 million to eliminate restructuring costs associated with the acquisition of Trulia reflected in the historical financial statements, $2.4 million to record additional amortization expense for acquired intangible assets and $1.1 million to eliminate Trulia’s historical amortization of capitalized website development costs. (4) The nine months ended September 30, 2014 includes pro forma adjustments for $14.0 million to record additional amortization expense for acquired intangible assets, $5.9 million to eliminate Trulia’s historical amortization of capitalized website development costs, $3.4 million to eliminate share-based compensation expense attributable to substituted equity awards and $2.5 million to record additional rent expense. Acquisition of DotLoop In July 2015, Zillow, Inc., Delta MergerCo, Inc., a Delaware corporation and wholly owned subsidiary of Zillow, Inc. (“Merger Sub”), DotLoop, Inc., a Delaware corporation (“DotLoop”), and Fortis Advisors, LLC, a Delaware limited liability company acting as the stockholder representative, entered into an Agreement and Plan of Merger (the “DotLoop Merger Agreement”), pursuant to which Zillow, Inc. acquired DotLoop on August 20, 2015. Under the terms and subject to the conditions of the DotLoop Merger Agreement, Merger Sub merged with and into DotLoop, with DotLoop remaining as the surviving company and a wholly owned subsidiary of Zillow, Inc. (the “DotLoop Merger”). DotLoop simplifies multi-party real estate transactions by enabling real estate professionals and their clients to share, edit, sign, and store documents digitally. Our acquisition of DotLoop has been accounted for as a business combination, and assets acquired and liabilities assumed were recorded at their estimated fair values as of August 20, 2015. Goodwill, which represents the expected synergies from combining the acquired assets and the operations of the acquirer, as well as intangible assets that do not qualify for separate recognition, is measured as of the acquisition date as the excess of consideration transferred, which is also measured at fair value, and the net of the fair values of the assets acquired and the liabilities assumed as of the acquisition date. The purchase price to effect the acquisition of DotLoop of approximately $105.5 million is summarized in the following table (in thousands): Cash paid for the outstanding stock and warrants of DotLoop $ 94,957 Cash paid for the cancellation of vested options to purchase shares of DotLoop’s common stock 5,640 Certain transaction expenses and other costs incurred by DotLoop 4,750 Substituted stock options attributable to pre-combination service 191 Total purchase price $ 105,538 A portion of the purchase price has been attributed to the substitution of DotLoop’s unvested stock options outstanding as of August 20, 2015, for corresponding stock options to purchase shares of Zillow Group Class C capital stock at an exchange ratio implied by the merger consideration. The fair value of DotLoop’s unvested stock options substituted in connection with the acquisition which relate to post-combination service will be recorded by Zillow Group as share-based compensation expense ratably over the remaining related vesting period of the respective award. The share-based compensation expense related to unvested stock options substituted is estimated at the acquisition date using the Black-Scholes-Merton option-pricing model, assuming no dividends, expected volatility of 55%, a risk-free interest rate of 1.25%, and an expected life of 4.28 years. The total purchase price has been allocated to the assets acquired and liabilities assumed, including identifiable intangible assets, based on their respective fair values at the acquisition date. Based upon the fair values determined by us, in which we considered or relied in part upon a valuation report of a third-party expert, the total purchase price was allocated as follows (in thousands): Cash, cash equivalents, accounts receivable, prepaid expenses and other current assets $ 2,149 Property and equipment and other assets 258 Identifiable intangible assets 22,500 Goodwill 85,873 Accounts payable, accrued expenses and other current liabilities, accrued compensation and benefits, and deferred revenue (1,362 ) Deferred tax liabilities (3,880 ) Total preliminary estimated purchase price $ 105,538 The preliminary estimated fair value of identifiable intangible assets acquired consisted of the following (in thousands): Preliminary Fair Value Estimated Useful Life (in years) Developed technology $ 10,700 3 Customer relationships 10,200 6-7 Trade names and trademarks 1,600 3 Total $ 22,500 The preliminary estimated fair value of the intangible assets acquired was determined by Zillow Group, and Zillow Group considered or relied in part upon a valuation report of a third-party expert. Zillow Group used an income approach to measure the fair value of the developed technology and the trade names and trademarks based on the relief-from-royalty method. Zillow Group used an income approach to measure the fair value of the customer relationships based on the excess earnings method, whereby the fair value is estimated based upon the present value of cash flows that the applicable asset is expected to generate. These fair value measurements were based on Level 3 measurements under the fair value hierarchy. Our estimates and assumptions related to the purchase price allocation are preliminary and subject to change during the measurement period (up to one year from the acquisition date) as we finalize the amount of intangible assets, goodwill and deferred taxes recorded in connection with the acquisition. Acquisition-related costs incurred, which primarily included legal and accounting fees and other external costs directly related to the acquisition, were expensed as incurred and were not material. The results of operations related to the acquisition of DotLoop have been included in our condensed consolidated financial statements since the date of acquisition, and are not significant. Pro forma financial information for the acquisition accounted for as a business combination has not been presented, as the effects were not material to our condensed consolidated financial statements.

Divestiture of Market Leader

Divestiture of Market Leader	9 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Divestiture of Market Leader	Note 7. Divestiture of Market Leader On September 2, 2015, Zillow Group, Market Leader, Inc., an indirect wholly-owned subsidiary of Zillow Group (“ML, Inc.”), Market Leader, LLC d/b/a Market Leader, LLC of Nevada, an indirect wholly-owned subsidiary of Zillow Group (together with ML, Inc., “Market Leader”), Constellation Homebuilder Systems, Corp. (“Constellation Canada”) and Constellation Web Solutions Inc. (together with Constellation Canada, the Perseus Division of Constellation), entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) pursuant to which Constellation acquired Zillow Group’s Market Leader business, including the Sharper Agent service and the Leads Direct, HouseValues and JustListed lead generation businesses, on September 30, 2015. Market Leader became part of Zillow Group through Zillow Group’s February 2015 acquisition of Trulia. Constellation acquired substantially all of the assets of the Market Leader business and assumed certain related liabilities, including Zillow Group’s Bellevue, Washington operating lease (see Note 16). In connection with the divestiture, Market Leader’s approximately 100 employees transferred with the business to Constellation. The total sales price of approximately $22.7 million includes $17.0 million that was paid in cash at closing and approximately $5.7 million for the estimated amount to be received by Zillow Group from Constellation on December 29, 2015 upon the expiration of a holdback period to satisfy any purchase price adjustments and/or indemnification claims. The following table presents the aggregate carrying amounts of the major classes of assets and liabilities related to the Market Leader disposal group as of the date of divestiture of September 30, 2015 (in thousands): Assets Prepaid expenses and other current assets $ 501 Property and equipment, net 5,764 Goodwill 9,209 Intangible assets, net 17,161 Total assets $ 32,635 Liabilities Current liabilities $ 2,297 Other long-term liabilities 3,771 Total liabilities $ 6,068 The total loss recorded related to the divestiture of Market Leader was $4.1 million for the three and nine months ended September 30, 2015 and is included in loss on divesture of business in our condensed consolidated statements of operations. In July 2015, we determined that Market Leader met the held for sale criteria. The operating results of Market Leader prior to the date of divestiture have not been presented as discontinued operations in our condensed consolidated statements of operations, as the disposal group does not represent a strategic shift in our operations or financial results.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Note 8. Goodwill The following table presents the change in goodwill from December 31, 2014 through September 30, 2015 (in thousands): Balance as of December 31, 2014 $ 96,352 Goodwill recorded in connection with the acquisition of Trulia 1,737,270 Goodwill recorded in connection with the acquisition of DotLoop 85,873 Reduction of goodwill in connection with the divestitures of businesses (9,675 ) Balance as of September 30, 2015 $ 1,909,820 The goodwill recorded in connection with the February 2015 acquisition of Trulia, which is not deductible for tax purposes, includes intangible assets that do not qualify for separate recognition, such as the assembled workforce and anticipated synergies from complementary products, and largely non-overlapping customer bases. The goodwill recorded in connection with the acquisition of DotLoop, which includes intangible assets that do not qualify for separate recognition, is not deductible for tax purposes.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 9. Intangible Assets The following tables present the detail of intangible assets subject to amortization as of the dates presented (in thousands): September 30, 2015 Cost Accumulated Net Purchased content $ 35,568 $ (18,286 ) $ 17,282 Customer relationships 103,425 (12,359 ) 91,066 Developed technology 108,295 (15,059 ) 93,236 Trade names and trademarks 4,860 (1,930 ) 2,930 Advertising relationships 9,000 (1,848 ) 7,152 MLS home data feeds 1,100 (226 ) 874 Total $ 262,248 $ (49,708 ) $ 212,540 December 31, 2014 Cost Accumulated Net Purchased content $ 24,615 $ (13,904 ) $ 10,711 Developed technology 13,595 (5,321 ) 8,274 Customer relationships 9,225 (3,387 ) 5,838 Trade names and trademarks 3,261 (1,327 ) 1,934 Total $ 50,696 $ (23,939 ) $ 26,757 Amortization expense recorded for intangible assets for the three months ended September 30, 2015 and 2014 was $10.2 million and $2.6 million, respectively. Amortization expense recorded for intangible assets for the nine months ended September 30, 2015 and 2014 was $28.5 million and $7.8 million, respectively. These amounts are included in technology and development expenses. Estimated future amortization expense for intangible assets, including amortization related to future commitments (see Note 15), as of September 30, 2015 is as follows (in thousands): Remainder of 2015 $ 10,857 2016 46,333 2017 44,024 2018 37,624 2019 32,804 All future years 76,232 Total future amortization expense $ 247,874 As of September 30, 2015, we have an indefinite-lived intangible asset for $351.0 million that we recorded in connection with our February 2015 acquisition of Trulia for Trulia’s trade names and trademarks that is not subject to amortization. See Note 6 for further details related to the acquisition.

Convertible Senior Notes

Convertible Senior Notes	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Convertible Senior Notes	Note 10. Convertible Senior Notes In connection with the February 2015 acquisition of Trulia (see Note 6), a portion of the total purchase price was allocated to Trulia’s Convertible Senior Notes due in 2020 (the “2020 Notes”), which are unsecured senior obligations. Pursuant to and in accordance with the Merger Agreement, Zillow Group entered into a supplemental indenture in respect of the 2020 Notes in the aggregate principal amount of $230.0 million, which supplemental indenture provides, among other things, that, at the effective time of the Trulia Merger, (i) each outstanding 2020 Note is no longer convertible into shares of Trulia common stock and is convertible solely into shares of Zillow Group Class A common stock, pursuant to, and in accordance with, the terms of the indenture governing the 2020 Notes, and (ii) Zillow Group guaranteed all of the obligations of Trulia under the 2020 Notes and related indenture. The aggregate principal amount of the 2020 Notes is due on December 15, 2020 if not earlier converted or redeemed. Interest is payable on the 2020 Notes at the rate of 2.75% semi-annually on June 15 and December 15 of each year. Holders of the 2020 Notes may convert all or any portion of their notes, in multiples of $1,000 principal amount, at their option at any time prior to the close of business on the business day immediately preceding the maturity date. In connection with the supplemental indenture in respect of the 2020 Notes, the conversion ratio immediately prior to the effective time of the Trulia Merger of 27.8303 shares of Trulia common stock per $1,000 principal amount of notes was adjusted to 12.3567 shares of our Class A common stock per $1,000 principal amount of notes based on the exchange ratio of 0.444 per the Merger Agreement. This was equivalent to an initial conversion price of approximately $80.93 per share of our Class A common stock. In connection with the Class C Stock Split described below under Note 12, the conversion ratio has been further adjusted to 41.4550 shares of Class A common stock per $1,000 principal amount of notes, which is equivalent to a conversion price of approximately $24.12 per share of our Class A common stock. The conversion ratio was adjusted in accordance with Section 14.04(c) of the indenture based on the trading prices of our Class A common stock and the when-issued trading prices of our Class C capital stock during the last ten trading days prior to and including the trading day immediately preceding the ex-dividend date. The conversion ratio will be adjusted for certain dilutive events and will be increased in the case of corporate events that constitute a “Make-Whole Fundamental Change” (as defined in the indenture governing the notes). The conversion option of the 2020 Notes has no cash settlement provisions. The conversion option does not meet the criteria for separate accounting as a derivative as it is indexed to our own stock. The holders of the 2020 Notes will have the ability to require us to repurchase the notes in whole or in part upon the occurrence of an event that constitutes a “Fundamental Change” (as defined in the indenture governing the notes, including such events as a “change in control” or “termination of trading”, subject to certain exceptions). In such case, the repurchase price would be 100% of the principal amount of the 2020 Notes plus accrued and unpaid interest, if any, to, but excluding, the Fundamental Change repurchase date. Certain events are also considered “Events of Default,” which may result in the acceleration of the maturity of the 2020 Notes, as described in the indenture governing the notes. There are no financial covenants associated with the 2020 Notes. We may not redeem the 2020 Notes prior to December 20, 2018. We may redeem the 2020 Notes, at our option, in whole or in part on or after December 20, 2018, if the last reported sale price per share of our Class A common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period. Interest expense related to the 2020 Notes for the three and nine month periods ended September 30, 2015 was $1.6 million and $3.9 million, respectively. Accrued interest related to the 2020 Notes as of September 30, 2015 is $1.8 million, and is recorded in accrued expenses and other current liabilities in our condensed consolidated balance sheet. The estimated fair value and carrying value of the 2020 Notes were $280.0 million and $230.0 million, respectively, as of September 30, 2015. The estimated fair value of the 2020 Notes was determined through consideration of quoted market prices. The fair value is classified as Level 3 due to the limited trading activity for the 2020 Notes.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 11. Income Taxes We are subject to federal and state income taxes in the United States and in Canada. During the three and nine month periods ended September 30, 2015 and 2014, we did not have a material amount of reportable taxable income, and we are not projecting a material amount of reportable taxable income for the year ending December 31, 2015. We have provided a full valuation allowance against our net deferred tax assets as of September 30, 2015 and December 31, 2014 because, based on the weight of available evidence, it is more likely than not (a likelihood of more than 50%) that some or all of the deferred tax assets will not be realized. Therefore, no related tax liability or expense has been recorded in the financial statements. We have accumulated federal tax losses of approximately $358.6 million as of December 31, 2014, which are available to reduce future taxable income. We have accumulated state tax losses of approximately $7.2 million (tax effected) as of December 31, 2014. We recorded an income tax benefit of $2.9 million for the three and nine month periods ended September 30, 2015 primarily due to a deferred tax liability generated in connection with Zillow’s August 20, 2015 acquisition of DotLoop that can be used to realize certain deferred tax assets for which we had previously provided a full allowance.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Shareholders' Equity	Note 12. Shareholders’ Equity Our board of directors has the authority to fix and determine and to amend the number of shares of any series of preferred stock that is wholly unissued or to be established and to fix and determine and to amend the designation, preferences, voting powers and limitations, and the relative, participating, optional or other rights, of any series of shares of preferred stock that is wholly unissued or to be established, subject in each case to certain approval rights of holders of our outstanding Class B common stock. There was no preferred stock issued and outstanding as of September 30, 2015 or December 31, 2014. Our Class A common stock has no preferences or privileges and is not redeemable. Holders of Class A common stock are entitled to one vote for each share. Our Class B common stock has no preferences or privileges and is not redeemable. At any time after the date of issuance, each share of Class B common stock, at the option of the holder, may be converted into one share of Class A common stock, or automatically converted upon the affirmative vote by or written consent of holders of a majority of the shares of the Class B common stock. During the three and nine month periods ended September 30, 2015, no shares of Class B common stock were converted into Class A common stock at the option of the holders. During the year ended December 31, 2014, 251,445 shares of Class B common stock were converted into Class A common stock at the option of the holders. Holders of Class B common stock are entitled to 10 votes for each share. Our Class C capital stock has no preferences or privileges, is not redeemable and, except in limited circumstances, is non-voting. Stock Split Effected in Form of Stock Dividend In December 2014 and in connection with the Trulia acquisition, at a Special Meeting of Shareholders of Zillow, Inc. and at a Special Meeting of the stockholders of Trulia, Inc., the shareholders of Zillow, Inc. and the stockholders of Trulia, Inc., respectively approved amendments to Zillow Group’s amended and restated articles of incorporation to, among other things, create a new class of non-voting Class C capital stock. On July 21, 2015, we announced that our board of directors had approved a distribution of shares of our Class C capital stock as a dividend to our Class A and Class B common shareholders (the “Class C Stock Split”). Holders of Class A common stock and Class B common stock as of the close of business on July 31, 2015, the record date for the Class C Stock Split, received on August 14, 2015 a distribution of two shares of Class C capital stock for each share of Class A and Class B common stock held by them as of the record date. The distribution of shares had the effect of a 3-for-1 stock split. Outstanding equity awards to purchase or acquire shares of Class A common stock were proportionately adjusted to relate to one share of Class A common stock and two shares of Class C capital stock for each share of Class A common stock subject to the awards as of the record date, and the exercise prices of any such awards were also proportionately allocated between Class A common stock and Class C capital stock. The adjustment to outstanding equity awards resulted in an immaterial amount of incremental aggregate fair value associated with the awards outstanding immediately following the Class C Stock Split as compared to just prior to the Class C Stock Split, which did not have a material impact on our condensed consolidated statements of operations for the periods presented. The par value per share of our shares of Class A common stock and Class B common stock have remained unchanged at $0.0001 per share after the Class C Stock Split. On the effective date of the Class C Stock Split, we transferred between additional paid in capital and Class C capital stock an amount equal to the $0.0001 par value of the Class C capital stock that was issued. We have given retroactive effect to prior period share and per share amounts in our condensed consolidated financial statements for the effect of the Class C Stock Split so that prior periods are comparable to current period presentation.

Share-Based Awards

Share-Based Awards	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Awards	Note 13. Share-Based Awards In connection with our February 2015 acquisition of Trulia, we assumed the obligations of Zillow, Trulia and Market Leader outstanding under pre-existing stock plans. In addition, we assumed the Zillow 2011 Incentive Plan, as amended and/or restated, and the Trulia 2012 Equity Incentive Plan, as amended and restated, for purposes of future grants, with the number and type of shares issuable thereunder appropriately adjusted to reflect the Mergers, in accordance with applicable NASDAQ exchange listing requirements. In connection with the Class C Stock Split discussed in Note 12 above, all outstanding equity awards under each of the plans described below (collectively, the “Plans”) as of the record date were proportionately adjusted to relate to one share of Class A common stock and two shares of Class C capital stock for each share of Class A common stock subject to the awards as of the record date (the “Split Adjustment”). The original exercise prices of outstanding stock options and stock appreciation rights were proportionally allocated between shares of Class A common stock and Class C capital stock, based on the ratio of the when-issued trading prices of the Class A common stock and the Class C capital stock during the ten trading days prior to and including the payment date of the Class C Stock Split. In connection with the Split Adjustment, each stock option and stock appreciation right is independently exercisable (to the extent vested) for shares of Class A common stock and shares of Class C capital stock so that, in effect, for each share of Class A common stock subject to the option or stock appreciation right prior to the Class C Stock Split, the Split Adjustment resulted in a stock option to purchase one share of Class A common stock and a stock option to purchase two shares of Class C capital stock. Each such adjusted equity award otherwise has the same terms and conditions, including the vesting schedule and term, as the original equity award prior to the Split Adjustment. Zillow Group, Inc. Amended and Restated 2011 Incentive Plan On July 19, 2011, Zillow’s 2011 Incentive Plan (as amended and/or restated from time to time, the “2011 Plan”) became effective and serves as the successor to Zillow’s 2005 Equity Incentive Plan (the “2005 Plan”). Effective June 11, 2015, the 2011 Plan was amended and restated as the Zillow Group, Inc. Amended and Restated 2011 Incentive Plan to, among other changes: (i) increase the number of shares authorized for issuance by 1,500,000 shares, from 3,800,000 shares to 5,300,000 shares; (ii) introduce flexibility to grant Class C capital stock, in addition to or in lieu of, Class A common stock under the 2011 Plan in the event that Class C capital stock is listed on a national securities exchange (references in this discussion to “common stock” under the 2011 Plan generally refer to both Class A common stock and Class C capital stock); and (iii) update references to “Zillow, Inc.” to “Zillow Group, Inc.” as applicable. Shareholders approved the amended and restated 2011 Plan on June 11, 2015, and we intend that future equity grants will be made under this plan only (or a successor thereto). As a result of the Class C Stock Split, the number of shares available for future awards under the 2011 Plan was adjusted by 1,953,950 shares, which were registered as Class C capital stock. The 2011 Plan provides that in the event of a stock dividend, stock split or similar event, the maximum number and kind of securities available for issuance under the plan will be proportionally adjusted. Under the 2011 Plan, 15,900,000 shares of common stock (as adjusted in connection with the Class C Stock Split) (or 5,300,000 shares of common stock before the Class C Stock Split took effect on August 14, 2015) are reserved for issuance. The number of shares of common stock available for issuance under the 2011 Plan automatically increases on the first day of each of our fiscal years beginning in 2016 by a number of shares equal to the least of (a) 3.5% of our outstanding common stock on a fully diluted basis as of the end of our immediately preceding fiscal year, (b) 10,500,000 shares (or 3,500,000 shares before the Class C Stock Split took effect on August 14, 2015), and (c) a lesser amount determined by our board of directors; provided, however, that any shares from any increases in previous years that are not actually issued will continue to be available for issuance under the 2011 Plan. In addition, shares previously available for grant under the 2005 Plan, but not issued or subject to outstanding awards under the 2005 Plan as of July 19, 2011, and shares subject to outstanding awards under the 2005 Plan that subsequently cease to be subject to such awards (other than by reason of exercise of the awards) are available for grant under the 2011 Plan. The 2011 Plan is administered by the compensation committee of the board of directors. Under the terms of the 2011 Plan, the compensation committee may grant equity awards, including incentive stock options, nonqualified stock options, restricted stock, restricted stock units or restricted units to employees, officers, directors, consultants, agents, advisors and independent contractors. The compensation committee has also authorized certain senior executive officers to grant equity awards under the 2011 Plan, within limits prescribed by the compensation committee. Options under the 2011 Plan are granted with an exercise price per share not less than 100% of the fair market value of our common stock on the date of grant, with the exception of substituted option awards granted in connection with acquisitions, and are exercisable at such times and under such conditions as determined by the compensation committee. Under the 2011 Plan, the maximum term of an option is ten years from the date of grant. Any portion of an option that is not vested and exercisable on the date of a participant’s termination of service expires on such date. Employees generally forfeit their rights to exercise vested options after 3 months following their termination of employment or 12 months in the event of termination by reason of death, disability or retirement. Options granted under the 2011 Plan are typically granted with seven-year terms and typically vest 25% after 12 months and ratably thereafter over the next 36 months, though certain options have been granted with longer terms and vesting schedules. Trulia 2005 Stock Plan Trulia granted options under the 2005 Stock Incentive Plan (as amended, “the 2005 Plan”) until September 2012 when the 2005 Plan was terminated. Stock options issued prior to the plan termination continue to be outstanding in accordance with their terms. Under the terms of the 2005 Plan, Trulia had the ability to grant incentive and nonqualified stock options, stock appreciation rights, restricted stock awards and restricted stock units. Options granted under the 2005 Plan generally vest at a rate of 25% after 12 months and ratably thereafter over the next 36 months and expire 10 years from the grant date. Certain options vest monthly over two to four years. Trulia 2012 Equity Incentive Plan, as Amended and Restated On September 19, 2012, Trulia’s 2012 Equity Incentive Plan (the “2012 Plan”) became effective. The 2012 Plan provides for the grant of incentive and nonqualified stock options, restricted stock, restricted stock units, stock appreciation rights, performance units and performance shares to employees, directors and consultants. Under the 2012 Plan, stock options are granted at a price per share not less than 100% of the fair market value per share of the underlying stock at the grant date. The plan administrator determines the vesting period for each option award on the grant date, and the options generally expire 10 years from the grant date or such shorter term as may be determined for the options. As noted above, we intend that future equity grants will be made under the 2011 Plan only. Market Leader Amended and Restated 2004 Equity Incentive Plan In connection with Trulia’s acquisition of Market Leader in 2013, Trulia assumed Market Leader’s Amended and Restated 2004 Equity Incentive Plan (the “2004 Plan”), including all outstanding shares of restricted stock, all outstanding stock appreciation rights, all outstanding options, and all shares available for future issuance under the 2004 Plan. Trulia granted equity awards, to the extent permissible by applicable law and New York Stock Exchange rules, under the 2004 Plan until it expired on December 9, 2014. The equity awards issued prior to the 2004 Plan’s expiration remained outstanding in accordance with their terms. Option Awards and Stock Appreciation Rights The following table summarizes option award and stock appreciation rights activity for the year ended December 31, 2014 and the nine months ended September 30, 2015 and has been retroactively adjusted to reflect the effects of the Class C Stock Split: Number of Shares Subject to Existing Options and Weighted- Exercise Price Per Share Weighted- Remaining Contractual Life (Years) Aggregate Intrinsic Value (in thousands) Outstanding at January 1, 2014 15,470,118 $ 9.03 5.43 $ 283,009 Granted 6,658,374 32.35 Exercised (3,970,527 ) 6.03 Forfeited or cancelled (758,673 ) 20.92 Outstanding at December 31, 2014 17,399,292 18.12 5.32 311,040 Assumed Trulia options and stock appreciation rights in connection with February 2015 acquisition of Trulia 3,159,765 13.79 Granted 10,923,075 31.69 Exercised (2,316,300 ) 8.00 Forfeited or cancelled (1,793,725 ) 27.81 Outstanding at September 30, 2015 27,372,107 23.26 6.15 201,668 Vested and exercisable at September 30, 2015 8,923,722 13.65 4.22 133,843 The number of options granted during the nine months ended September 30, 2015 in the table above includes a total of 199,779 substituted options with a weighted-average exercise price of $9.29 per share granted in connection with our August 2015 acquisition of DotLoop, Inc. The fair value of options granted, excluding options granted under the Stock Option Grant Program for Nonemployee Directors and certain options granted to the Company’s executives in January and February 2015, is estimated at the date of grant using the Black-Scholes-Merton option-pricing model, assuming no dividends and with the following assumptions for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Expected volatility 55% 55% 55%-56% 53%-55% Expected dividend yield — — — — Risk-free interest rate 1.03%-1.19% 1.46%-1.60% 1.03%-1.48% 1.29%-1.60% Weighted-average expected life 3.50 years 4.58 years 3.50-4.58 years 4.58 years Weighted-average fair value of options granted $11.11 $20.88 $13.98 $14.40 The weighted average estimated fair value of options granted included in the table above has been retroactively adjusted to reflect the effects of the Class C Stock Split. The assumptions included in the table above exclude Trulia’s stock options and stock appreciation rights assumed in connection with the February 17, 2015 acquisition and DotLoop’s unvested stock options substituted in connection with the August 20, 2015 acquisition (see Note 6). As of September 30, 2015, there was a total of $219.8 million in unrecognized compensation cost related to unvested stock options and stock appreciation rights. Restricted Stock Awards The following table summarizes restricted stock award activity for the year ended December 31, 2014 and the nine months ended September 30, 2015 and has been retroactively adjusted to reflect the effects of the Class C Stock Split: Shares of Weighted- Unvested outstanding at January 1, 2014 690,381 $ 10.14 Granted 9,765 26.97 Vested (439,641 ) 10.16 Forfeited or cancelled — — Unvested outstanding at December 31, 2014 260,505 10.75 Granted 4,173 40.45 Vested (89,844 ) 12.41 Forfeited or cancelled — — Unvested outstanding at September 30, 2015 174,834 10.60 The fair value of the outstanding shares of restricted stock awards will be recorded as share-based compensation expense over the vesting period. As of September 30, 2015, there was $0.8 million of total unrecognized compensation cost related to restricted stock awards. Restricted Stock Units The following table summarizes activity for restricted stock units for the year ended December 31, 2014 and the nine months ended September 30, 2015 and has been retroactively adjusted to reflect the effects of the Class C Stock Split: Restricted Stock Weighted-Average Unvested outstanding at January 1, 2014 363,369 $ 21.36 Granted 306,792 34.32 Vested (194,805 ) 25.43 Forfeited or cancelled (98,550 ) 24.13 Unvested outstanding at December 31, 2014 376,806 28.56 Assumed Trulia restricted stock units in connection with February 2015 acquisition of Trulia 3,798,957 36.38 Granted 1,096,869 28.83 Vested (1,513,140 ) 30.72 Forfeited or cancelled (914,849 ) 31.74 Unvested outstanding at September 30, 2015 2,844,643 26.54 In April 2015, Zillow Group granted to certain employees supporting our Trulia brand retention restricted stock units for a total of 316,074 shares of Class A common stock and Class C capital stock (as adjusted in connection with the Class C Stock Split) (or 105,358 shares of Class A common stock before the Class C Stock Split took effect on August 14, 2015), of which 12.5% of the retention restricted stock units vest approximately 6 months after the vesting commencement date of February 18, 2015, and the remaining retention restricted stock units vest quarterly thereafter for approximately 3.5 years, subject to the recipient’s continued full-time employment or service to Zillow Group. The total grant date fair value of the retention restricted stock units is approximately $10.2 million. Pursuant to the terms of the DotLoop Merger Agreement, Zillow Group established a retention bonus plan in August 2015 pursuant to which a total of 178,428 restricted stock units for shares of our Class C capital stock have been granted to employees of DotLoop who have accepted employment with Zillow Group, of which 25% of the restricted stock units vest on August 20, 2016, and the remaining restricted stock units vest quarterly thereafter over the next three years. The vesting of the restricted stock units is subject to the recipient’s continued full-time employment or service to Zillow Group. The total grant date fair value of the restricted stock units is approximately $4.5 million. In August 2015, pursuant to the terms of a Restricted Stock Unit Award Notice and Restricted Stock Unit Award Agreement between Zillow Group and an employee, Zillow Group granted to the employee 173,761 restricted stock units, of which 50% of the restricted stock units vest on August 21, 2016, and the remaining restricted stock units vest quarterly thereafter for the next three years. The vesting of the restricted stock units is subject to the recipient’s continued full-time employment or service to Zillow Group. The total grant date fair value of the restricted stock units is approximately $4.4 million. The fair value of the outstanding restricted stock units will be recorded as share-based compensation expense over the vesting period. As of September 30, 2015, there was $74.6 million of total unrecognized compensation cost related to restricted stock units. Share-Based Compensation Expense The following table presents the effects of share-based compensation in our statements of operations during the periods presented (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Cost of revenue $ 1,378 $ 489 $ 3,440 $ 1,280 Sales and marketing 7,446 1,885 20,439 4,886 Technology and development 7,642 2,748 20,413 7,829 General and administrative 11,549 3,512 36,610 10,181 Restructuring costs 1,059 — 15,063 — Total $ 29,074 $ 8,634 $ 95,965 $ 24,176 For the nine months ended September 30, 2015, approximately $1.8 million, $1.4 million, and $6.7 million, respectively, of share-based compensation expense is included in sales and marketing expenses, technology and development expenses, and general and administrative expenses related to change in control equity acceleration for certain former executives of Trulia pursuant to Zillow Group’s February 2015 restructuring plan (see Note 16). Certain executives of Trulia are entitled to partial and/or full “double trigger” equity acceleration upon a termination without “cause” or a resignation for “good reason,” each within twelve months of the Mergers, pursuant to pre-existing offer letters and/or equity award agreements entered into with Trulia. For the three months ended September 30, 2015, there is no share-based compensation expense related to change in control equity acceleration for certain former executives of Trulia.

Net Loss Per Share

Net Loss Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Net Loss Per Share	Note 14. Net Loss Per Share Basic net loss per share is computed by dividing net loss by the weighted-average number of shares (including Class A common stock, Class B common stock and Class C capital stock) outstanding during the period. In the calculation of basic net loss per share, undistributed earnings are allocated assuming all earnings during the period were distributed. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares (including Class A common stock, Class B common stock and Class C capital stock) outstanding during the period and potentially dilutive Class A common stock and Class C capital stock equivalents, except in cases where the effect of the Class A common stock or Class C capital stock equivalent would be antidilutive. Potential Class A common stock and Class C capital stock equivalents consist of Class A common stock and Class C capital stock issuable upon exercise of stock options and stock appreciation rights and Class A common stock and Class C capital stock underlying unvested restricted stock awards and unvested restricted stock units using the treasury stock method. For the periods presented, the following Class A common stock and Class C capital stock equivalents were excluded from the calculations of diluted net loss per share because their effect would have been antidilutive, which share numbers have been retroactively adjusted to reflect the effects of the Class C Stock Split (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Class A common stock and Class C capital stock issuable upon the exercise of option awards and stock appreciation rights 6,072 9,360 7,201 9,105 Class A common stock and Class C capital stock underlying unvested restricted stock awards and restricted stock units 695 369 722 369 Class A common stock issuable upon conversion of the 2020 Notes 9,535 — 9,535 — Total Class A common stock and Class C capital stock equivalents 16,302 9,729 17,458 9,474 In the event of liquidation, dissolution, distribution of assets or winding-up of the Company, the holders of all classes of common and capital stock have equal rights to receive all the assets of the Company after the rights of the holders of preferred stock have been satisfied. We have not presented net loss per share under the two-class method for our Class A common stock, Class B common stock and Class C capital stock because it would be the same for each class due to equal dividend and liquidation rights for each class.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 15. Commitments and Contingencies Lease Commitments We have various operating leases for office space and equipment. Seattle, Washington In March 2011, we entered into a lease agreement for office space that houses our corporate headquarters in Seattle (as amended from time to time, the “Seattle Lease”). Pursuant to the terms of the Seattle Lease, we currently occupy a total of 155,042 square feet, and we are obligated to make escalating monthly lease payments that began in December 2012 and continue through December 2024. In November 2014, we entered into a lease amendment under which we will lease an additional 113,470 square feet of office space. The Company has taken possession of a portion of the additional office space and will continue to take possession as space becomes available through 2017 under the same terms and conditions. San Francisco, California In connection with our February 2015 acquisition of Trulia, we assumed a lease agreement for office space in San Francisco (as amended from time to time, the “San Francisco Lease”), which houses Trulia’s corporate headquarters and beginning in March 2015, also houses Zillow’s personnel located in San Francisco. Pursuant to the terms of the San Francisco Lease, we lease a total of approximately 79,000 square feet, and we are obligated to make escalating monthly lease payments that began in November 2014 and continue through September 2023. In July 2014, Trulia entered into a lease amendment under which we will lease an additional 26,620 square feet of office space commencing in October 2015 under the same terms and conditions. In November 2012, we entered into an operating lease in San Francisco, California for 18,353 square feet under which we are obligated to make escalating monthly lease payments which began in December 2012 and continue through November 2018. In March 2015, we ceased use of this space in connection with our February 2015 acquisition of Trulia, and in May 2015, we sublet this office space to another occupant. Pursuant to the terms of the operating lease, we will lease an additional 8,311 square feet of office space commencing in October 2015 under the same terms and conditions. New York, New York In February 2014, we entered into an operating lease in New York (as amended from time to time, the “New York Lease”). Pursuant to the terms of the New York Lease, we lease a total of approximately 39,900 square feet, and we are obligated to make escalating monthly lease payments that began in August 2014 and continue through November 2024. In July 2015, we sublet approximately 6,650 square feet of this office space to another occupant. Denver, Colorado In connection with our February 2015 acquisition of Trulia, we assumed a lease agreement for office space in Denver. Pursuant to the terms of the lease, we lease a total of approximately 65,000 square feet, and we are obligated to make escalating monthly lease payments that began in November 2014 and continue through October 2021. Bellevue, Washington In connection with our February 2015 acquisition of Trulia, we assumed a lease agreement for office space in Bellevue for approximately 72,000 square feet of office space. In September 2015, in connection with our divestiture of Market Leader (see Note 7), Constellation assumed the Bellevue operating lease. Irvine, California In April 2012, we entered into a lease agreement for office space in Irvine (as amended from time to time, the “Irvine Lease”). Pursuant to the terms of the Irvine Lease, we lease a total of approximately 60,000 square feet under which we are obligated to make escalating monthly lease payments which began in August 2012 and continue through July 2022. We lease additional office space in San Francisco, California, Chicago, Illinois, Denver, Colorado, Cincinnati, Ohio, Lincoln, Nebraska and Vancouver, British Columbia. We believe our facilities are sufficient for our current needs. Future minimum payments for all operating leases as of September 30, 2015 are as follows (in thousands): Remainder of 2015 $ 4,280 2016 17,885 2017 21,702 2018 23,222 2019 21,909 All future years 103,392 Total future minimum lease payments $ 192,390 Rent expense for the three months ended September 30, 2015 and 2014 was $3.8 million and $2.0 million, respectively. Rent expense for the nine months ended September 30, 2015 and 2014 was $11.2 million and $5.1 million, respectively. Total minimum rentals to be received in the future under noncancelable subleases as of September 30, 2015 was $4.9 million. Purchase Commitments As of September 30, 2015, we had non-cancelable purchase commitments for content related to our mobile applications and websites totaling $107.3 million. The amounts due for this content as of September 30, 2015 are as follows (in thousands): Remainder of 2015 $ 13,267 2016 28,705 2017 34,840 2018 14,000 2019 6,000 All future years 10,500 Total future purchase commitments $ 107,312 Letters of Credit As of September 30, 2015, we have outstanding letters of credit of approximately $3.8 million, $1.8 million, $1.5 million, $1.1 million and $1.1 million, respectively, which secure our lease obligations in connection with the operating leases of our San Francisco, Seattle, Bellevue, New York and Denver office spaces. Certain of the letters of credit are unsecured obligations, and certain of the letters of credit are secured by certificates of deposit held as collateral in our name at a financial institution. The secured letters of credit are classified as restricted cash in our condensed consolidated balance sheet. Surety Bonds In the course of business, we are required to provide financial commitments in the form of surety bonds to third parties as a guarantee of our performance on and our compliance with certain obligations. If we were to fail to perform or comply with these obligations, any draws upon surety bonds issued on our behalf would then trigger our payment obligation to the surety bond issuer. We have outstanding surety bonds issued for our benefit of approximately $2.0 million as of September 30, 2015. There were no surety bonds outstanding as of December 31, 2014. Legal Proceedings We are involved in a number of legal proceedings concerning matters arising in connection with the conduct of our business activities, some of which are at preliminary stages and some of which seek an indeterminate amount of damages. We regularly evaluate the status of legal proceedings in which we are involved to assess whether a loss is probable or there is a reasonable possibility that a loss or additional loss may have been incurred to determine if accruals are appropriate. We further evaluate each legal proceeding to assess whether an estimate of possible loss or range of loss can be made if accruals are not appropriate. For certain cases described below, management is unable to provide a meaningful estimate of the possible loss or range of possible loss because, among other reasons, (i) the proceedings are in preliminary stages; (ii) specific damages have not been sought; (iii) damages are, in our view, unsupported and/or exaggerated; (iv) there is uncertainty as to the outcome of pending appeals or motions; (v) there are significant factual issues to be resolved; and/or (vi) there are novel legal issues or unsettled legal theories presented. For these cases, however, management does not believe, based on currently available information, that the outcomes of these proceedings will have a material effect on our financial position, results of operations or cash flow. In March 2010, Smarter Agent, LLC (“Smarter Agent”) filed a complaint against us and multiple other defendants, including HotPads, Inc. (“HotPads”), for patent infringement in the U.S. District Court for the District of Delaware. The complaint alleges, among other things, that our mobile technology infringes three patents held by Smarter Agent purporting to cover: a “Global positioning-based real estate database access device and method,” a “Position-based information access device and method” and a “Position-based information access device and method of searching,” and seeks an injunction against the alleged infringing activities and an unspecified award for damages. In November 2010, the U.S. Patent and Trademark Office granted our petition for re-examination of the three patents-in-suit, and, to date, all claims of all three patents remain rejected in the re-examination proceedings, including through appeals to the Patent Trial and Appeal Board. In March 2011, the court granted a stay of the litigation pending the completion of the re-examination proceedings. In addition, in October 2011, Smarter Agent filed a substantially similar complaint against Diverse Solutions, Inc. (“Diverse Solutions”), StreetEasy, Market Leader (a subsidiary of Trulia), and other defendants, for patent infringement in the U.S. District Court for the District of Delaware. On October 31, 2011, we acquired substantially all of the operating assets and certain liabilities of Diverse Solutions, including the Smarter Agent complaint against Diverse Solutions. On December 14, 2012, we acquired HotPads, and took responsibility for the Smarter Agent complaint against HotPads. On August 26, 2013, we acquired StreetEasy, and took responsibility for the Smarter Agent complaint against StreetEasy. On February 17, 2015, we acquired Trulia, and took responsibility for the Smarter Agent complaint against Market Leader. On September 22, 2015, the court dismissed the case against Zillow, HotPads, and Trulia. On September 25, 2015, the court dismissed the case against Market Leader and Diverse Solutions. On October 6, 2015, the court dismissed the case against StreetEasy. We have not recorded an accrual related to these complaints as of September 30, 2015 or December 31, 2014, as the complaints have been dismissed. In September 2010, LendingTree, LLC (“LendingTree”) filed a complaint against us for patent infringement in the U.S. District Court for the Western District of North Carolina. The complaint alleged, among other things, that our website technology infringes two patents purporting to cover a “Method and computer network for coordinating a loan over the internet.” The complaint sought, among other things, a judgment that we infringed certain patents held by LendingTree, an injunction against the alleged infringing activities and an award for damages. We denied the allegations and asserted defenses and counterclaims seeking declarations that we are not infringing the patents and that the patents are invalid. In March 2014, a federal jury found that Zillow does not infringe the patents and that the patents asserted by LendingTree are invalid. In April, 2014, LendingTree filed two motions for judgment as a matter of law and for a new trial, all of which we opposed. In October 2014, the Court issued an order upholding the jury verdict and denying LendingTree’s motions. In November 2014, LendingTree filed a notice of appeal and, in September 2015, LendingTree filed its opening brief. We have not recorded an accrual related to this complaint as of September 30, 2015 or December 31, 2014, as we do not believe a loss is probable or reasonably estimable. In March 2014, Move, Inc., the National Association of Realtors and three related entities, filed a complaint against us and Errol Samuelson, our Chief Industry Development Officer, in the Superior Court of the State of Washington in King County, alleging, among other things, that Zillow and Mr. Samuelson misappropriated plaintiffs’ trade secrets in connection with Mr. Samuelson joining Zillow in March 2014. The complaint seeks, among other things, an injunction against the alleged misappropriations and Mr. Samuelson working for us, as well as unspecified damages. In April 2014, the court denied the plaintiffs’ motion for a preliminary injunction prohibiting Mr. Samuelson from working for us. Plaintiffs renewed their motion for a preliminary injunction and on September 30, 2014, the court granted that request and entered a preliminary injunction. Zillow filed a motion requesting that the court reconsider that decision, which the court denied. On September 22, 2014, Zillow filed a notice for discretionary review by the Washington Court of Appeals, followed by a motion for discretionary review on October 7, 2014. Samuelson also filed a motion for discretionary review. Zillow’s and Samuelson’s motions for discretionary review were granted on November 19, 2014. On February 3, 2015, the parties entered into a stipulation, later adopted by order of the court that Zillow and Samuelson shall withdraw the appeal and the last of the terms of the preliminary injunction will expire on March 22, 2015. In February 2015, plaintiffs filed an amended complaint that, among other things, added Curt Beardsley, our Vice President of MLS Partnerships, as a defendant in the matter. In August 2015, Zillow filed an amended answer and counterclaim against Plaintiffs that alleged, among other things, that Plaintiffs violated the Washington Trade Secrets Act and aided and abetted a breach of the duty of confidentiality through the public filing of a document that included Zillow’s confidential information and trade secrets. The trial date has been extended to June 2016. We deny the allegations of any wrongdoing and intend to vigorously defend the claims in the lawsuit. We have not recorded an accrual related to these complaints as of September 30, 2015 or December 31, 2014, as we do not believe a loss is probable. There is a reasonable possibility that a loss may be incurred; however, the possible loss or range of loss is not estimable. In August 2014, four purported class action lawsuits were filed by plaintiffs against Trulia and its directors, Zillow, and Zebra Holdco, Inc. in connection with Zillow’s proposed acquisition of Trulia. One of those purported class actions, captioned Collier et al. v. Trulia, Inc., et al., was brought in the Superior Court of the State of California for the County of San Francisco, however on October 7, 2014, plaintiff in the Collier action filed a new complaint in the Delaware Court of Chancery alleging substantially the same claims and seeking substantially the same relief as the original complaint filed in California. On October 8, 2014, plaintiff in the Collier action filed a request for dismissal of the California case without prejudice. The other three of the purported class action lawsuits, captioned Shue et al. v. Trulia, Inc., et al., Sciabacucci et al. v. Trulia, Inc., et al., and Steinberg et al. v. Trulia, Inc. et al., were brought in the Delaware Court of Chancery. All four lawsuits allege that Trulia’s directors breached their fiduciary duties to Trulia stockholders, and that the other defendants aided and abetted such breaches, by seeking to sell Trulia through an allegedly unfair process and for an unfair price and on unfair terms. All lawsuits seek, among other things, equitable relief that would enjoin the consummation of Zillow’s proposed acquisition of Trulia and attorneys’ fees and costs. The Delaware actions also seek rescission of the Merger Agreement (to the extent it has already been implemented) or rescissory damages and orders directing the defendants to account for alleged damages suffered by the plaintiffs and the purported class as a result of the defendants’ alleged wrongdoing. On September 24, 2014, plaintiff in the Sciabacucci action filed (1) a motion for expedited proceedings, (2) a motion for a preliminary injunction, (3) a request for production of documents from defendants, and (4) notice of depositions. On October 13, 2014, the Delaware Court of Chancery issued an order consolidating all of the Delaware actions into one matter captioned In re Trulia, Inc. Stockholder Litigation. On October 13 and 14, 2014, the above-referenced motions were refiled under the consolidated case number. On November 14, 2014, plaintiffs again refiled their motion for a preliminary injunction challenging the proposed acquisition. On November 19, 2014, the parties entered into a Memorandum of Understanding, documenting the agreement-in-principle for the settlement of the consolidated litigation, pursuant to which Trulia agreed to make certain supplemental disclosures in a Form 8-K. The Memorandum of Understanding was filed with the Chancery Court that same day. The parties have negotiated a stipulation of settlement that the Chancery Court is taking under advisement following a hearing on September 16, 2015. We have recorded an accrual for an immaterial amount related to these lawsuits as of September 30, 2015. There is a reasonable possibility that an additional loss in excess of amounts accrued may be incurred; however, the possible additional loss or range of additional possible loss is not estimable. We did not record an accrual related to these lawsuits as of December 31, 2014. In July 2015, two purported class action lawsuits were filed against us and each of our directors in the Superior Court of the State of Washington in King County, alleging, among other things, that the directors breached their fiduciary duties in connection with the approval of the issuance of non-voting Class C capital stock as a dividend. The complaints seek, among other things, injunctive relief and unspecified monetary damages. A hearing on the plaintiffs’ motion seeking a preliminary injunction to enjoin the issuance of the Class C Stock Split was held on August 5, 2015, and the court denied plaintiffs’ motion for a preliminary injunction. Plaintiffs filed a consolidated class action complaint on September 18, 2015 naming and seeking relief from only our co-founders as defendants. We have not recorded an accrual related to this purported class action lawsuit as of September 30, 2015, as we do not believe a loss is probable. In March 2015, the Wage and Hour Division of the U.S. Department of Labor (“DOL”) notified the Company that it was initiating a compliance review to determine the Company’s compliance with one or more federal labor laws enforced by the DOL. The Company understands that the scope of this review is limited to the review of the Company’s compliance with certain wage and hour laws with respect to Zillow, Inc. inside sales consultants during a two-year period between 2013 and 2015. In October 2015, the DOL orally informed us that the compliance review is ongoing but that, based on its preliminary findings, it believes the Company may have failed to pay overtime to such inside sales consultants. The DOL has made no assessment of damages or penalties, however, nor has it made a determination that we violated one or more federal labor laws. We have cooperated and continue to cooperate with the DOL in its compliance review. If the DOL were to finally determine that we violated one or more federal labor laws, we may be required to make certain payments of back wages and other amounts to such inside sales consultants or take other corrective actions, and may be subject to fines or penalties. We have recorded an accrual for an immaterial amount as of September 30, 2015 related to liabilities that may result from this compliance review. There is a reasonable possibility that a loss in excess of amounts accrued may be incurred; however, any additional possible loss or range of loss is not reasonably estimable at this time because the DOL’s review is ongoing, and we are unable to predict the outcome of the review. In addition to the matters discussed above, from time to time, we are involved in litigation and claims that arise in the ordinary course of business. Although we cannot be certain of the outcome of any litigation and claims, nor the amount of damages and exposure that we could incur, we currently believe that the final disposition of such matters will not have a material effect on our financial position, results of operations or cash flow. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors. Indemnifications In the ordinary course of business, we enter into contractual arrangements under which we agree to provide indemnification of varying scope and terms to business partners and other parties with respect to certain matters, including, but not limited to, losses arising out of the breach of such agreements and out of intellectual property infringement claims made by third parties. In addition, we have agreements that indemnify certain issuers of surety bonds against losses that they may incur as a result of executing surety bonds on our behalf. For our indemnification arrangements, payment may be conditional on the other party making a claim pursuant to the procedures specified in the particular contract. Further, our obligations under these agreements may be limited in terms of time and/or amount, and in some instances, we may have recourse against third parties for certain payments. In addition, we have indemnification agreements with certain of our directors and executive officers that require us, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors or officers. The terms of such obligations may vary.

Restructuring

Restructuring	9 Months Ended
	Sep. 30, 2015
Restructuring and Related Activities [Abstract]
Restructuring	Note 16. Restructuring On February 17, 2015, in connection with the February 2015 acquisition of Trulia, Zillow Group undertook a restructuring plan that resulted in a total workforce reduction of nearly 350 employees, primarily to eliminate overlapping positions in the sales and marketing functions related to Trulia’s workforce at its Bellevue, Denver, New York and San Francisco locations. The restructuring plan is a result of the integration of Trulia’s business and operations with and into Zillow Group’s business. Employees directly affected by the restructuring plan were provided with severance payments, stock vesting acceleration and outplacement assistance. Primarily as a result of the restructuring plan, Zillow Group recorded a restructuring charge of approximately $3.4 million during the three months ended September 30, 2015, including approximately $2.2 million for a change in estimate for contract termination costs associated with the Bellevue, Washington operating lease, and approximately $1.1 million of non-cash expenses relating to stock vesting acceleration or a reduced remaining requisite service period. Zillow Group recorded a restructuring charge of approximately $35.1 million during the nine months ended September 30, 2015, including approximately $12.1 million for severance and other personnel related expenses, approximately $7.7 million for contract termination costs associated with certain operating leases, and approximately $15.1 million of non-cash expenses relating to stock vesting acceleration or a reduced remaining requisite service period, for which share-based compensation expense is recognized over the remaining requisite service period, which in some cases may result in immediate expense recognition if no substantive future service is required. Zillow Group recognized certain contract termination costs primarily associated with Trulia’s Bellevue operating lease, as well as Zillow’s San Francisco operating lease, as Zillow’s employees in San Francisco were relocated into Trulia’s San Francisco office space. The restructuring costs for contract termination costs for the nine months ended September 30, 2015 include approximately $4.0 million, primarily related to the write-off of certain leasehold improvements. In connection with our February 2015 acquisition of Trulia, we also assumed certain restructuring reserves due to Trulia’s restructuring that commenced in June 2014 as an ongoing effort to fully integrate Market leader’s operations. The Market Leader restructuring resulted in a reduction of headcount of approximately 80 employees in 2014, as well as the recognition of certain contract termination costs associated with Trulia’s Bellevue and Denver operating leases. A summary of accrued restructuring costs as of and for the nine months ended September 30, 2015 is shown in the table below (in thousands): One-Time Contract Other Total Restructuring reserves assumed in connection with February 2015 acquisition of Trulia $ 81 $ 2,544 $ 136 $ 2,761 Restructuring costs 9,015 1,319 110 10,444 Cash payments (2,612 ) (387 ) (375 ) (3,374 ) Change in estimate (67 ) — 137 70 Accrued restructuring costs as of March 31, 2015 6,417 3,476 8 9,901 Restructuring costs 2,580 34 199 2,813 Cash payments (5,209 ) (762 ) (189 ) (6,160 ) Change in estimate 282 (27 ) — 255 Accrued restructuring costs as of June 30, 2015 4,070 2,721 18 6,809 Restructuring costs 241 35 6 282 Cash payments (3,973 ) (325 ) (16 ) (4,314 ) Change in estimate (118 ) 2,180 (8 ) 2,054 Restructuring reserves transferred in connection with September 2015 divestiture of Market Leader — (4,611 ) — (4,611 ) Accrued restructuring costs as of September 30, 2015 $ 220 $ — $ — $ 220 The restructuring reserves, which total $0.2 million as of September 30, 2015, are recorded as part of accrued expenses and other current liabilities in our condensed consolidated balance sheet. As of September 30, 2015, the restructuring plan is substantially complete.

Self-Insurance

Self-Insurance	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Self-Insurance	Note 17. Self-Insurance We are self-insured for a portion of our medical and dental coverage for certain employees of Trulia. The medical plan carries a stop-loss policy, which will protect from individual claims during the plan year exceeding $100,000 or when cumulative medical claims exceed 125% of expected claims for the plan year. We record estimates of the total costs of claims incurred based on an analysis of historical data and independent estimates. Our liability for self-insured medical and dental claims is included within accrued compensation and benefits in our condensed consolidated balance sheet and was $0.5 million as of September 30, 2015. We did not have any self-insurance prior to our February 2015 acquisition of Trulia.

Employee Benefit Plan

Employee Benefit Plan	9 Months Ended
	Sep. 30, 2015
Postemployment Benefits [Abstract]
Employee Benefit Plan	Note 18. Employee Benefit Plan Effective January 1, 2015, Zillow Group established a defined contribution 401(k) retirement plan covering employees who have met certain eligibility requirements (“the Zillow Group 401(k) Plan”). In addition, in connection with our February 2015 acquisition of Trulia, we adopted a defined contribution 401(k) retirement plan that covers Trulia and Market Leader employees who have met certain eligibility requirements (“the Trulia 401(k) Plan”). Eligible employees under each of the plans may contribute pretax compensation up to a maximum amount allowable under the Internal Revenue Service limitations. Employee contributions and earnings thereon vest immediately. We currently match up to 1.5% of employee contributions under the Zillow Group 401(k) Plan and up to 4% of employee contributions under the Trulia 401(k) Plan. The total expense related to defined contribution 401(k) retirement plans was $1.0 million and $3.1 million, respectively, for the three and nine month periods ended September 30, 2015. We did not have any expense related to defined contribution 401(k) retirement plans for the three or nine month periods ended September 30, 2014.

Segment Information and Revenue

Segment Information and Revenue	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Information and Revenue	Note 19. Segment Information and Revenue We have one reportable segment. Our reportable segment has been identified based on how our chief operating decision-maker manages our business, makes operating decisions and evaluates operating performance. The chief executive officer acts as the chief operating decision-maker and reviews financial and operational information on an entity-wide basis. We have one business activity and there are no segment managers who are held accountable for operations, operating results or plans for levels or components. Accordingly, we have determined that we have a single reporting segment and operating unit structure. The chief executive officer reviews information about revenue categories, including marketplace revenue and display revenue. The following table presents our revenue categories during the periods presented (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Marketplace revenue: Real estate $ 129,662 $ 65,586 $ 345,532 $ 168,232 Mortgages 12,624 7,106 32,575 20,800 Market Leader 10,957 — 29,544 — Total Marketplace revenue 153,243 72,692 407,651 189,032 Display revenue 23,522 15,954 67,656 44,532 Total revenue $ 176,765 $ 88,646 $ 475,307 $ 233,564

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements include Zillow Group, Inc. and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. These condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the audited financial statements and accompanying notes as of and for the year ended December 31, 2014 included in Zillow, Inc.’s Annual Report on Form 10-K, which was filed with the SEC on February 17, 2015. The condensed consolidated balance sheet as of December 31, 2014, included herein, was derived from the audited financial statements of Zillow, Inc. as of that date. For financial reporting and accounting purposes, Zillow was the acquirer of Trulia. The results presented in the condensed consolidated financial statements and the notes to condensed consolidated financial statements reflect those of Zillow prior to the completion of the acquisition of Trulia on February 17, 2015, and Trulia’s results of operations have been included prospectively after February 17, 2015. On August 14, 2015, Zillow Group completed a stock dividend in the form of two shares of Class C capital stock for each share of Class A common stock and Class B common stock outstanding as of July 31, 2015. The stock dividend had the effect of a 3-for-1 stock split. All references made to share or per share amounts in the accompanying condensed consolidated financial statements and applicable disclosures have been retroactively adjusted to reflect the stock split. See Note 10, Note 12 and Note 13 for additional information about the stock split effected in the form of a stock dividend. The unaudited condensed consolidated interim financial statements, in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly our financial position as of September 30, 2015, our results of operations and comprehensive loss for the three and nine month periods ended September 30, 2015, and our cash flows for the nine month periods ended September 30, 2015 and 2014. The results of the three and nine month periods ended September 30, 2015 are not necessarily indicative of the results to be expected for the year ended December 31, 2015 or for any interim period or for any other future year.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. On an ongoing basis, we evaluate our estimates, including those related to revenue recognition, website development costs, recoverability of long-lived assets and intangible assets with definite lives, share-based compensation, income tax uncertainties, including a valuation allowance for deferred tax assets, business combinations, goodwill, and restructuring, among others. To the extent there are material differences between these estimates, judgments, or assumptions and actual results, our financial statements will be affected.
Reclassifications	Reclassifications Certain immaterial reclassifications have been made in the condensed consolidated statements of operations and statements of cash flows to conform data for prior periods to the current format.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments, which potentially subject us to concentrations of credit risk, consist primarily of cash and cash equivalents, investments and accounts receivable. We place cash and cash equivalents and investments with major financial institutions, which management assesses to be of high credit quality, in order to limit exposure of our investments. Credit risk with respect to accounts receivable is dispersed due to the large number of customers. Further, our credit risk on accounts receivable is mitigated by the relatively short payment terms that we offer. Collateral is not required for accounts receivable. We maintain an allowance for doubtful accounts such that receivables are stated at net realizable value.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash includes currency on hand as well as demand deposits with banks or financial institutions. Cash equivalents include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Our cash equivalents include only investments with original maturities of three months or less. We regularly maintain cash in excess of federally insured limits at financial institutions.
Restricted Cash	Restricted Cash Restricted cash consists of certificates of deposit held as collateral in our name at a financial institution related to certain of our operating leases.
Investments	Investments Our investments consist of fixed income securities, which include U.S. and foreign government agency securities, corporate notes and bonds, municipal securities, commercial paper and certificates of deposit, and are classified as available-for-sale securities beginning on January 1, 2015. As the investments are available to support current operations, our available-for-sale securities are classified as short-term investments. Available-for-sale securities are carried at fair value with unrealized gains and losses reported as a component of accumulated other comprehensive loss in shareholders’ equity, while realized gains and losses and other-than-temporary impairments are reported as a component of net loss based on specific identification. An impairment charge is recorded in the condensed consolidated statements of operations for declines in fair value below the cost of an individual investment that are deemed to be other than temporary. We assess whether a decline in value is temporary based on the length of time that the fair market value has been below cost, the severity of the decline and the intent and ability to hold or sell the investment. We did not identify any investments as other-than-temporarily impaired as of September 30, 2015 or December 31, 2014. Prior to January 1, 2015 our investments were classified as held-to-maturity and were recorded at amortized cost (see Note 4).
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are generally due within 30 days and are recorded net of the allowance for doubtful accounts. We consider accounts outstanding longer than the contractual terms past due. We review accounts receivable on a regular basis and estimate an amount of losses for uncollectible accounts based on our historical collections experience, age of the receivable, knowledge of the customer and the condition of the general economy and industry as a whole. We record changes in our estimate to the allowance for doubtful accounts through bad debt expense and relieve the allowance when accounts are ultimately determined to be uncollectible. Bad debt expense is included in general and administrative expenses.
Property and Equipment	Property and Equipment Property and equipment is recorded at cost and depreciated using the straight-line method over the estimated useful lives of the related assets. The useful lives are as follows: Computer equipment 3 years Purchased software 3 years Office equipment, furniture and fixtures 5 to 7 years Leasehold improvements Shorter of expected useful life or lease term Maintenance and repair costs are charged to expense as incurred. Major improvements, which extend the useful life of the related asset, are capitalized. Upon disposal of a fixed asset, we record a gain or loss based on the differences between the proceeds received and the net book value of the disposed asset.
Website and Software Development Costs	Website and Software Development Costs The costs incurred in the preliminary stages of development are expensed as incurred. Once an application has reached the development stage, internal and external costs, if direct and incremental and deemed by management to be significant, are capitalized in property and equipment and amortized on a straight-line basis over their estimated useful lives. Maintenance and enhancement costs, including those costs in the post-implementation stages, are typically expensed as incurred, unless such costs relate to substantial upgrades and enhancements to the website or software that result in added functionality, in which case the costs are capitalized and amortized on a straight-line basis over the estimated useful lives. Amortization expense related to capitalized website and software development costs is included in technology and development expense. Capitalized development activities placed in service are amortized over the expected useful lives of those releases, currently estimated at one year. The estimated useful lives of website and software development activities are reviewed frequently and adjusted as appropriate to reflect upcoming development activities that may include significant upgrades and/or enhancements to the existing functionality.
Goodwill	Goodwill Goodwill represents the excess of the cost of an acquired business over the fair value of the assets acquired at the date of acquisition. We assess the impairment of goodwill on an annual basis, in our fourth quarter, or whenever events or changes in circumstances indicate that goodwill may be impaired. We assess goodwill for possible impairment by first performing a qualitative assessment to determine whether it is more likely than not that the fair value of our reporting unit is less than its carrying amount. If we determine that it is not more likely than not that the fair value of our reporting unit is less than its carrying amount, then the first and second steps of the goodwill impairment test are unnecessary. If we determine that it is more likely than not that the fair value of our reporting unit is less than its carrying amount, we perform the two-step goodwill impairment test. The first step of the goodwill impairment test identifies if there is potential goodwill impairment. If step one indicates that an impairment may exist, a second step is performed to measure the amount of the goodwill impairment, if any. Goodwill impairment exists when the estimated fair value of goodwill is less than its carrying value. If impairment exists, the carrying value of the goodwill is reduced to fair value through an impairment charge recorded in our statements of operations.
Intangible Assets	Intangible Assets We purchase and license data content from multiple data providers. This data content consists of U.S. county data about home details (e.g., the number of bedrooms, bathrooms, square footage) and other information relating to the purchase price of homes, both current and historical, as well as imagery, mapping and parcel data that is displayed on our mobile applications and websites. Our home details data not only provides information about a home and its related transactions which is displayed on our mobile applications and websites, but is also used in our proprietary valuation algorithms to produce Zestimates, Rent Zestimates and Zillow Home Value Indexes. License agreement terms vary by vendor. In some instances, we retain perpetual rights to this information after the contract ends; in other instances, the information and data are licensed only during the fixed term of the agreement. Additionally, certain data license agreements provide for uneven payment amounts throughout the life of the contract term. We capitalize payments made to third parties for data licenses that we expect to provide future economic benefit through the recovery of the costs of these arrangements via the generation of our revenue and margins. For data license contracts that include uneven payment amounts, we capitalize the payments as they are made as an intangible asset and amortize the total contract value over the estimated useful life. For contracts in which we have perpetual rights to the data, the total contract value is amortized on a straight-line basis over the life of the contract plus two years, which is equivalent to the estimated useful life of the asset. For contracts in which we do not have access to the data beyond the contractual term, the total contract value is amortized on a straight line basis over the term of the contract. We evaluate data content contracts for potential capitalization at the inception of the arrangement as well as each time periodic payments to third parties are made. The amortization period for the capitalized purchased content is based on our best estimate of the useful life of the asset, which ranges from two to nine years. The determination of the useful life includes consideration of a variety of factors including, but not limited to, our assessment of the expected use of the asset and contractual provisions that may limit the useful life, as well as an assessment of when the data is expected to become obsolete based on our estimates of the diminishing value of the data over time. We evaluate the useful life of the capitalized purchased data content each reporting period to determine whether events and circumstances warrant a revision to the remaining useful life. If we determine the estimate of the asset’s useful life requires modification, the carrying amount of the asset is amortized prospectively over the revised useful life. The capitalized purchased data content is amortized on a straight-line basis as the pattern of delivery of the economic benefits of the data cannot reliably be determined because we do not have the ability to reliably predict future traffic to our websites and mobile applications. Under certain other data agreements, the underlying data is obtained on a subscription basis with consistent monthly or quarterly recurring payment terms over the contractual period. Upon the expiration of such arrangements, we no longer have the right to access the related data, and therefore, the costs incurred under such contracts are not capitalized and are expensed as payments are made. We would immediately lose rights to data under these arrangements if we were to cancel the subscription and/or cease making payments under the subscription arrangements. We also have intangible assets for developed technology, customer relationships, trade names and trademarks, advertising relationships and MLS home data feeds which we recorded in connection with acquisitions. Purchased intangible assets with a determinable economic life are carried at cost, less accumulated amortization. These intangible assets are amortized over the estimated useful life of the asset on a straight-line basis. Recoverability of Intangible Assets with Definite Lives and Other Long-Lived Assets We evaluate intangible assets and other long-lived assets for impairment whenever events or circumstances indicate that they may not be recoverable. Recoverability is measured by comparing the carrying amount of an asset group to future undiscounted net cash flows expected to be generated. We group assets for purposes of such review at the lowest level for which identifiable cash flows of the asset group are largely independent of the cash flows of the other groups of assets and liabilities. If this comparison indicates impairment, the amount of impairment to be recognized is calculated as the difference between the carrying value and the fair value of the asset group.
Deferred Revenue	Deferred Revenue Deferred revenue consists of prepaid advertising fees received or billed in advance of the delivery or completion of the services, prepaid but unrecognized subscription revenue, and for amounts received in instances when revenue recognition criteria have not been met. Deferred revenue is recognized when the services are provided and all revenue recognition criteria have been met.
Deferred Rent	Deferred Rent For our operating leases, we recognize rent expense on a straight-line basis over the terms of the leases and, accordingly, we record the difference between cash rent payments and the recognition of rent expense as a deferred rent liability. For office space under an operating lease that is subleased to a third party for which we intend to reoccupy the space at a future date, rent expense is recognized net of sublease income. Landlord-funded leasehold improvements are also recorded as deferred rent liabilities and are amortized as a reduction of rent expense over the non-cancelable term of the related operating lease.
Restructuring	Restructuring The main components of our restructuring plan related to the February 2015 acquisition of Trulia relate to workforce reduction and contract termination costs. Workforce reduction charges are accrued when it is probable that the employees are entitled to the severance payments and the amounts can be reasonably estimated. One-time involuntary termination benefits are accrued when the plan of termination has been communicated to the employees and certain other criteria are met. Share-based compensation expense related to acceleration of share-based awards assumed in connection with the acquisition of Trulia is recognized over the remaining requisite service period. Contract termination costs are recognized as a liability when a contract is terminated in accordance with its terms or at the cease-use date. The cumulative effect of a change resulting from a revision to either the timing or the amount of estimated cash flows is recognized as an adjustment to the liability in the period of the change. If the amounts and timing of cash flows from restructuring activities are significantly different from what we have estimated, the actual amount of restructuring and other related charges could be materially different than those we have recorded. Further details on the restructuring are presented in Note 16 of these condensed consolidated financial statements.
Business Combinations	Business Combinations We recognize identifiable assets acquired and liabilities assumed at their acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the net of the acquisition date fair values of the assets acquired and the liabilities assumed. While we use our best estimates and assumptions for the purchase price allocation process to value assets acquired and liabilities assumed at the acquisition date, our estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, we record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill to the extent that we identify adjustments to the preliminary purchase price allocation. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to our condensed consolidated statements of operations. We recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. Further details on the February 2015 acquisition of Trulia and the August 2015 acquisition of DotLoop, Inc. are presented in Note 6 of these condensed consolidated financial statements.
Revenue Recognition	Revenue Recognition In general, we recognize revenue when (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred or services have been rendered to the customer, (iii) the fee is fixed or determinable, and (iv) collectability is reasonably assured. We consider a signed agreement, a binding insertion order or other similar documentation reflecting the terms and conditions under which products or services will be provided to be persuasive evidence of an arrangement. Collectability is assessed based on a number of factors, including payment history and the creditworthiness of a customer. If it is determined that collection is not reasonably assured, revenue is not recognized until collection becomes reasonably assured, which is generally upon receipt of cash. We generate revenue from the sale of advertising services and our suite of tools to businesses and professionals primarily associated with the real estate and mortgage industries. These professionals include local real estate professionals, mortgage professionals and brand advertisers. Our two revenue categories are marketplace revenue and display revenue. Incremental direct costs incurred related to the acquisition or origination of a customer contract in a transaction that results in the deferral of revenue are expensed as incurred. Marketplace Revenue. Real estate revenue primarily includes revenue from advertising and a suite of tools sold to real estate professionals, as well as revenue generated by the Zillow Rental Network, which includes our rentals marketplace and suite of tools for rental professionals. In August 2015, Zillow Group completed the integration of certain Zillow and Trulia agent advertising products, effectively eliminating the Trulia Local Ads and Trulia Mobile Ads products. As a result of the integration, agent advertisers can manage their advertising across both Zillow and Trulia mobile and Web through the combined Premier Agent platform. Our Zillow Premier Agent program, which is included in real estate revenue, offers a suite of marketing and business technology solutions to help real estate agents grow their businesses and personal brands. The Premier Agent program allows agents to select products and services that they can tailor to meet their business and advertising needs. The program has three tiers of participation including Premier Platinum, our flagship product, as well as Premier Gold and Premier Silver, to meet different marketing and business needs of a broad range of agents. All tiers of Premier Agents receive access to a dashboard portal on our website that provides individualized program performance analytics, as well as our personalized website service, and our free customer relationship management, or CRM, tool that captures detailed information about each contact made with a Premier Agent through our mobile and web platforms. Our Premier Gold product also includes featured listings whereby the agent’s listings will appear at the top of search results on our mobile and web platforms. Our Premier Platinum product includes the dashboard portal on our website, our personalized website service, our CRM tool, featured listings, and inclusion on our buyer’s agent list, whereby the agent appears as the agent to contact for listings in the purchased zip code. We charge for our Platinum Premier Agent product based on the number of impressions delivered on our buyer’s agent list in zip codes purchased and a contracted maximum cost per impression. Our Platinum Premier Agent product includes multiple deliverables which are accounted for as a single unit of accounting, as the delivery or performance of the undelivered elements is based on traffic to our mobile applications and websites. We recognize revenue related to our impression-based Platinum Premier Agent product based on the lesser of (i) the actual number of impressions delivered on our buyer’s agent list during the period multiplied by the contracted maximum cost per impression, or (ii) the contractual maximum spend on a straight-line basis during the contractual period over which the services are delivered, typically over a period of six months or twelve months and then month-to-month thereafter. We charge a fixed subscription fee for Zillow’s Premier Gold and Premier Silver subscription products. Subscription advertising revenue for our Premier Gold and Premier Silver subscription products is recognized on a straight-line basis during the contractual period over which the services are delivered, typically over a period of six months and then month-to-month thereafter. Our Trulia real estate products included in real estate revenue are primarily sold on a fixed fee subscription basis, and include Trulia Local Ads, Trulia Mobile Ads, Trulia Pro with featured listings and Trulia Seller Ads. Prior to the August 2015 integration of certain of Zillow’s and Trulia’s advertising products, Trulia Local Ads and Trulia Mobile Ads enabled real estate professionals to promote themselves on Trulia’s search results pages and property details pages for a local market area. Real estate professionals purchased subscriptions to these products based upon their specified market share for a city or zip code, at a fixed monthly price, for periods ranging from one month to one year, with pricing depending on demand, location, and the percentage of market share purchased. Following the August 2015 agent advertising product integration, Trulia Local Ads and Trulia Mobile Ads products are no longer sold by Zillow Group. Trulia’s featured listings product allows real estate professionals to receive prominent placement of their listings in Trulia’s search results. Real estate professionals sign up for new subscriptions to this product at a fixed monthly price for periods that generally range from six months to 12 months. Trulia Seller Ads enable real estate professionals to generate leads from consumers interested in selling their homes. Subscription advertising revenue for Trulia’s real estate products included in real estate revenue is recognized on a straight-line basis during the contractual period over which the services are delivered. Rentals revenue, which is included in real estate revenue, primarily includes advertising sold to property managers and other rental professionals on a cost per lead and cost per lease generated basis. We recognize revenue as leads are delivered to rental professionals or as qualified leases are confirmed. Mortgages revenue primarily includes advertising sold to mortgage lenders and other mortgage professionals on a cost per lead basis, as well as revenue generated by Mortech, which provides subscription-based mortgage software solutions, including a product and pricing engine and lead management platform, for which we recognize revenue on a straight-line basis during the contractual period over which the services are delivered. For our cost per lead mortgage advertising products, participating qualified mortgage professionals make a prepayment to gain access to consumers interested in connecting with mortgage professionals. Consumers who request rates for mortgage loans are presented with personalized quotes from participating mortgage professionals. We only charge mortgage professionals a fee when users contact mortgage professionals for more information regarding a mortgage loan quote. Mortgage professionals who exhaust their initial prepayment can then prepay additional funds to continue to participate in the marketplace. We recognize revenue when a user contacts a mortgage professional. Market Leader revenue primarily includes revenue from the sale of a comprehensive premium software-as-a-service based marketing product typically sold to real estate professionals as a bundle of products under a fixed fee subscription. Prior to our September 30, 2015 divestiture of Market Leader, we also sold a base version of these products to strategic franchise networks for specified contractual amounts over a number of years and partnered with them to drive adoption of our premium solution across their network. Market Leader revenue is included in our results of operations through the date of divestiture of September 30, 2015 (see Note 7). Display Revenue.
Multiple-Element Arrangements	Multiple-Element Arrangements. We allocate arrangement consideration in multiple-element revenue arrangements at the inception of an arrangement to all deliverables or those packages in which all components of the package are delivered at the same time based on the relative selling price method in accordance with the selling price hierarchy, which includes: (i) vendor-specific objective evidence (“VSOE”) if available; (ii) third-party evidence (“TPE”) if VSOE is not available; and (iii) best estimate of selling price (“BESP”) if neither VSOE nor TPE is available. VSOE - TPE - BESP - • The list price represents a component of the go-to-market strategy established by senior management. Our list prices are based on the features of the products offered. These features, which consist of the size and placement of the advertisements on our mobile applications and websites, impact the list prices which vary depending on the specifications of the features. In addition, the list prices are impacted by market conditions, including the conditions of the real estate market and economy in general, and our competitive landscape; and • Analysis of our current and historical selling prices for these deliverables. We limit the amount of allocable arrangement consideration to amounts that are fixed or determinable and that are not contingent on future performance or future deliverables. We regularly review our BESP. Changes in assumptions or judgments or changes to the elements in the arrangement could cause a material increase or decrease in the amount of revenue that we report in a particular period. We recognize the relative fair value of the products as they are delivered assuming all other revenue recognition criteria are met.
Cost of Revenue	Cost of Revenue Our cost of revenue consists of expenses related to operating our mobile applications and websites, including associated headcount expenses, such as salaries and benefits and share-based compensation expense and bonuses, as well as credit card fees, ad serving costs paid to third parties, revenue-sharing costs related to our commercial business relationships, costs to generate leads for customers, multiple listing services fees and costs associated with the operation of our data center and customer websites.
Technology and Development	Technology and Development Research and development costs are expensed as incurred and are recorded in technology and development expenses. These costs consist primarily of technology and development headcount related expenses including salaries, bonuses, benefits and share-based compensation expense primarily associated with developing new technologies. Technology and development expenses also include amortization of intangible assets, including acquired intangible assets, purchased content and capitalized website development costs, and other data content expense.
Share-Based Compensation	Share-Based Compensation We measure compensation expense for all share-based awards at fair value on the date of grant and recognize compensation expense over the service period on a straight-line basis for awards expected to vest. We use the Black-Scholes-Merton option-pricing model to determine the fair value for option awards. In valuing our option awards, we make assumptions about risk-free interest rates, dividend yields, volatility, and weighted-average expected lives, including estimated forfeiture rates. Risk-free interest rates are derived from U.S. Treasury securities as of the option award grant date. Expected dividend yield is based on our historical dividend payments, which have been zero to date. The expected volatility for our Class A common stock and Class C capital stock is estimated using a combination of our historical volatility and the published historical volatilities of industry peers in the online publishing market representing the verticals in which we operate. Through June 30, 2015, we estimated the weighted-average expected life of the option awards as the average of the option vesting schedule and the term of the award, since we did not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term due to the limited period of time share-based awards had been exercisable. Beginning July 1, 2015, we estimate the weighted-average expected life of the option awards based on our historical exercise data. Forfeiture rates are estimated using historical actual forfeiture trends as well as our judgment of future forfeitures. These rates are evaluated at least quarterly and any change in compensation expense is recognized in the period of the change. The estimation of option awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from our current estimates, such amounts will be recorded as a cumulative adjustment in the period the estimates are revised. We consider many factors when estimating expected forfeitures, including employee class and historical experience. Actual results, and future changes in estimates, may differ substantially from management’s current estimates. For issuances of restricted stock awards, restricted stock units and restricted units, we determine the fair value of the award based on the market value of our Class A common stock or Class C capital stock at the date of grant.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred. Advertising costs are recorded in sales and marketing expenses.
Income Taxes	Income Taxes We use the asset and liability approach for accounting and reporting income taxes, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial statement and tax bases of assets and liabilities at the applicable enacted tax rates. A valuation allowance against deferred tax assets would be established if, based on the weight of available evidence, it is more likely than not (a likelihood of more than 50%) that some or all of the deferred tax assets are not expected to be realized. We establish reserves for tax-related uncertainties based on estimates of whether, and the extent to which, additional taxes will be due. We adjust these reserves in light of changing facts and circumstances, such as the closing of a tax audit, new tax legislation or the change of an estimate. To the extent that the final tax outcome of these matters is different than the amounts recorded, such differences will affect the provision for income taxes in the period in which such determination is made. Interest and penalties related to unrecognized tax benefits are recorded as income tax expense.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In September 2015, the Financial Accounting Standards Board (“FASB”) issued guidance on simplifying the accounting for measurement-period adjustments in business combinations. This standard requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This guidance is effective for interim and annual reporting periods beginning after December 15, 2015, and early adoption is permitted. We have adopted this guidance for the quarterly period ended September 30, 2015. We do not expect the adoption of this guidance to have a material impact on our financial position, results of operations or cash flows. In April 2015, the FASB issued guidance related to a customer’s accounting for fees paid in a cloud computing arrangement. This standard provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. This guidance is effective for interim and annual reporting periods beginning after December 15, 2015, and early adoption is permitted. We expect to adopt this guidance on January 1, 2016. We do not expect the adoption of this guidance to have a material impact on our financial position, results of operations or cash flows. In August 2014, the FASB issued guidance on the disclosure of uncertainties about an entity’s ability to continue as a going concern. This standard provides guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The guidance is effective for annual reporting periods ending after December 15, 2016, and early adoption is permitted. We expect to adopt this guidance on January 1, 2017. We do not expect the adoption of this guidance to have any impact on our financial position, results of operations or cash flows. In May 2014, the FASB issued guidance on revenue recognition. This guidance provides that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance also requires more detailed disclosures to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The original effective date of this guidance was for interim and annual reporting periods beginning after December 15, 2016, early adoption is not permitted, and the guidance must be applied retrospectively or modified retrospectively. In July 2015, the FASB approved an optional one-year deferral of the effective date. As a result, we expect to adopt this guidance on January 1, 2018. We have not yet determined our approach to adoption or the impact the adoption of this guidance will have on our financial position, results of operations or cash flows, if any. In April 2014, the FASB issued guidance on reporting discontinued operations and disclosures of disposals of components of an entity. This standard raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The guidance is effective for annual reporting periods ending after December 15, 2014. Early adoption is permitted but only for disposals that have not been reported in financial statements previously issued. We adopted this guidance on January 1, 2015. The adoption of this guidance has not had a material impact on our financial position, results of operations or cash flows.
Fair Value	Accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. The standards also establish a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Assets and liabilities valued based on observable market data for similar instruments, such as quoted prices for similar assets or liabilities. • Level 3 — Unobservable inputs that are supported by little or no market activity; instruments valued based on the best available data, some of which is internally developed, and considers risk premiums that a market participant would require. We applied the following methods and assumptions in estimating our fair value measurements: Cash equivalents Investments Restricted cash
Net Loss Per Share	Basic net loss per share is computed by dividing net loss by the weighted-average number of shares (including Class A common stock, Class B common stock and Class C capital stock) outstanding during the period. In the calculation of basic net loss per share, undistributed earnings are allocated assuming all earnings during the period were distributed. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares (including Class A common stock, Class B common stock and Class C capital stock) outstanding during the period and potentially dilutive Class A common stock and Class C capital stock equivalents, except in cases where the effect of the Class A common stock or Class C capital stock equivalent would be antidilutive. Potential Class A common stock and Class C capital stock equivalents consist of Class A common stock and Class C capital stock issuable upon exercise of stock options and stock appreciation rights and Class A common stock and Class C capital stock underlying unvested restricted stock awards and unvested restricted stock units using the treasury stock method.
Segment Information and Revenue	We have one reportable segment. Our reportable segment has been identified based on how our chief operating decision-maker manages our business, makes operating decisions and evaluates operating performance. The chief executive officer acts as the chief operating decision-maker and reviews financial and operational information on an entity-wide basis. We have one business activity and there are no segment managers who are held accountable for operations, operating results or plans for levels or components. Accordingly, we have determined that we have a single reporting segment and operating unit structure.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Useful Lives	The useful lives are as follows: Computer equipment 3 years Purchased software 3 years Office equipment, furniture and fixtures 5 to 7 years Leasehold improvements Shorter of expected useful life or lease term

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Summary of Balances of Cash Equivalents and Investments	The following table presents the balances of assets measured at fair value on a recurring basis, by level within the fair value hierarchy, as of September 30, 2015 (in thousands): September 30, 2015 Total Level 1 Level 2 Cash equivalents: Money market funds $ 194,870 $ 194,870 $ — Certificates of deposit 502 — 502 Short-term investments: U.S. government agency securities 188,170 188,170 — Corporate notes and bonds 60,147 — 60,147 Municipal securities 37,822 — 37,822 Certificates of deposit 14,084 — 14,084 Commercial paper 2,997 — 2,997 Restricted cash 6,739 — 6,739 Total $ 505,331 $ 383,040 $ 122,291 The following table presents the fair value, by level within the fair value hierarchy, of our cash equivalents and investments as of December 31, 2014 (in thousands): December 31, 2014 Total Level 1 Level 2 Cash equivalents: Money market funds $ 98,645 $ 98,645 $ — Foreign government securities 9,035 — 9,035 Certificates of deposit 2,975 — 2,975 Short-term investments: U.S. government agency securities 118,342 118,342 — Corporate notes and bonds 78,746 — 78,746 Municipal securities 26,256 — 26,256 Foreign government securities 8,570 — 8,570 Commercial paper 7,987 — 7,987 Certificates of deposit 6,928 — 6,928 Long-term investments: U.S. government agency securities 63,515 63,515 — Municipal securities 12,917 — 12,917 Corporate notes and bonds 6,694 — 6,694 Certificates of deposit 200 — 200 Total $ 440,810 $ 280,502 $ 160,308

Cash, Cash Equivalents, Inves30

Cash, Cash Equivalents, Investments and Restricted Cash (Tables)	9 Months Ended
	Sep. 30, 2015
Text Block [Abstract]
Amortized Cost, Gross Unrealized Gains and Losses, and Estimated Fair Market Value of Cash and Cash Equivalents, Available-for-Sale Investments and Restricted Cash	The following table presents the amortized cost, gross unrealized gains and losses, and estimated fair market value of our cash and cash equivalents, available-for-sale investments and restricted cash as of September 30, 2015 (in thousands): September 30, 2015 Amortized Gross Gross Estimated Cash $ 38,167 $ — $ — $ 38,167 Cash equivalents: Money market funds 194,870 — — 194,870 Certificates of deposit 502 — — 502 Short-term investments: U.S government agency securities 188,035 148 (13 ) 188,170 Corporate notes and bonds 60,139 25 (17 ) 60,147 Municipal securities 37,791 35 (4 ) 37,822 Certificates of deposit 14,081 4 (1 ) 14,084 Commercial paper 2,997 — — 2,997 Restricted cash 6,739 — — 6,739 Total $ 543,321 $ 212 $ (35 ) $ 543,498
Available-for-Sale Investments by Contractual Maturity	The following table presents available-for-sale investments by contractual maturity date as of September 30, 2015 (in thousands): Amortized Cost Estimated Fair Market Value Due in one year or less $ 209,463 $ 209,561 Due after one year through two years 93,580 93,659 Total $ 303,043 $ 303,220

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Detail of Property and Equipment	The following table presents the detail of property and equipment as of the dates presented (in thousands): September 30, 2015 December 31, 2014 Website development costs $ 64,070 $ 65,224 Computer equipment 19,455 13,243 Leasehold improvements 31,872 10,617 Software 7,426 3,431 Construction-in-progress 16,640 9,307 Office equipment, furniture and fixtures 12,572 6,482 Property and equipment 152,035 108,304 Less: accumulated amortization and depreciation (66,290 ) (66,704 ) Property and equipment, net $ 85,745 $ 41,600

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2015
Trulia
Summary of Purchase Price	The purchase price to effect the acquisition of Trulia of approximately $2.0 billion is summarized in the following table (in thousands): Value of Class A Common stock issued $ 1,883,728 Substituted stock options and stock appreciation rights attributable to pre-combination service 54,853 Substituted restricted stock units attributable to pre-combination service 27,798 Cash paid in lieu of fractional outstanding shares 41 Total purchase price $ 1,966,420
Purchase Price Allocation	Based upon the fair values determined by us, in which we considered or relied in part upon a valuation report of a third-party expert, the total purchase price was allocated as follows (in thousands): Cash and cash equivalents $ 173,447 Accounts receivable 13,093 Prepaid expenses and other current assets 20,833 Restricted cash 6,946 Property and equipment 30,189 Other assets 434 Identifiable intangible assets 549,000 Goodwill 1,737,270 Accounts payable, accrued expenses and other current liabilities (51,258 ) Accrued compensation and benefits (8,324 ) Deferred revenue (8,300 ) Long-term debt (230,000 ) Debt premium recorded in additional paid-in capital (126,386 ) Deferred tax liabilities and other long-term liabilities (140,524 ) Total preliminary estimated purchase price $ 1,966,420
Preliminary Estimated Fair Value of Identifiable Intangible Assets Acquired	The preliminary estimated fair value of identifiable intangible assets acquired consisted of the following (in thousands): Preliminary Fair Value Estimated Useful Life (in years) Trulia trade names and trademarks $ 351,000 Indefinite Market Leader trade names and trademarks 2,000 2 Customer relationships 92,000 3-7 Developed technology 91,000 3-7 Advertising relationships 9,000 3 MLS home data feeds 4,000 3 Total $ 549,000
Pro Forma Condensed Combined Financial Information	The following table presents the unaudited pro forma condensed combined financial information (other than revenue for the three months ended September 30, 2015, which is presented on an as reported basis) (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 (1) 2014 (2) 2015 (3) 2014 (4) Revenue $ 176,765 $ 155,790 $ 510,565 $ 419,283 Net loss $ (21,393 ) $ (18,616 ) $ (65,978 ) $ (72,070 ) (1) The three months ended September 30, 2015 includes pro forma adjustments for $3.4 million to eliminate restructuring costs associated with the acquisition of Trulia reflected in the historical financial statements and $1.2 million to eliminate direct and incremental acquisition-related costs reflected in the historical financial statements. (2) The three months ended September 30, 2014 includes pro forma adjustments for $24.0 million to eliminate direct and incremental acquisition-related costs reflected in the historical financial statements, $4.7 million to record additional amortization expense for acquired intangible assets, $1.8 million to eliminate Trulia’s historical amortization of capitalized website development costs, $0.7 million to record additional rent expense and $0.6 million to eliminate share-based compensation expense attributable to substituted equity awards. (3) The nine months ended September 30, 2015 includes pro forma adjustments for $49.1 million to eliminate direct and incremental acquisition-related costs reflected in the historical financial statements, $37.3 million to eliminate share-based compensation expense attributable to substituted equity awards and to record additional share-based compensation expense attributable to substituted equity awards, $35.3 million to eliminate restructuring costs associated with the acquisition of Trulia reflected in the historical financial statements, $2.4 million to record additional amortization expense for acquired intangible assets and $1.1 million to eliminate Trulia’s historical amortization of capitalized website development costs. (4) The nine months ended September 30, 2014 includes pro forma adjustments for $14.0 million to record additional amortization expense for acquired intangible assets, $5.9 million to eliminate Trulia’s historical amortization of capitalized website development costs, $3.4 million to eliminate share-based compensation expense attributable to substituted equity awards and $2.5 million to record additional rent expense.
DotLoop Inc
Summary of Purchase Price	The purchase price to effect the acquisition of DotLoop of approximately $105.5 million is summarized in the following table (in thousands): Cash paid for the outstanding stock and warrants of DotLoop $ 94,957 Cash paid for the cancellation of vested options to purchase shares of DotLoop’s common stock 5,640 Certain transaction expenses and other costs incurred by DotLoop 4,750 Substituted stock options attributable to pre-combination service 191 Total purchase price $ 105,538
Purchase Price Allocation	Based upon the fair values determined by us, in which we considered or relied in part upon a valuation report of a third-party expert, the total purchase price was allocated as follows (in thousands): Cash, cash equivalents, accounts receivable, prepaid expenses and other current assets $ 2,149 Property and equipment and other assets 258 Identifiable intangible assets 22,500 Goodwill 85,873 Accounts payable, accrued expenses and other current liabilities, accrued compensation and benefits, and deferred revenue (1,362 ) Deferred tax liabilities (3,880 ) Total preliminary estimated purchase price $ 105,538
Preliminary Estimated Fair Value of Identifiable Intangible Assets Acquired	The preliminary estimated fair value of identifiable intangible assets acquired consisted of the following (in thousands): Preliminary Fair Value Estimated Useful Life (in years) Developed technology $ 10,700 3 Customer relationships 10,200 6-7 Trade names and trademarks 1,600 3 Total $ 22,500

Divestiture of Market Leader (T

Divestiture of Market Leader (Tables)	9 Months Ended
	Sep. 30, 2015
Market Leader, Inc.
Schedule of Aggregate Carrying Amounts of Major Classes of Assets and Liabilities	The following table presents the aggregate carrying amounts of the major classes of assets and liabilities related to the Market Leader disposal group as of the date of divestiture of September 30, 2015 (in thousands): Assets Prepaid expenses and other current assets $ 501 Property and equipment, net 5,764 Goodwill 9,209 Intangible assets, net 17,161 Total assets $ 32,635 Liabilities Current liabilities $ 2,297 Other long-term liabilities 3,771 Total liabilities $ 6,068

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Change in Goodwill	The following table presents the change in goodwill from December 31, 2014 through September 30, 2015 (in thousands): Balance as of December 31, 2014 $ 96,352 Goodwill recorded in connection with the acquisition of Trulia 1,737,270 Goodwill recorded in connection with the acquisition of DotLoop 85,873 Reduction of goodwill in connection with the divestitures of businesses (9,675 ) Balance as of September 30, 2015 $ 1,909,820

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	The following tables present the detail of intangible assets subject to amortization as of the dates presented (in thousands): September 30, 2015 Cost Accumulated Net Purchased content $ 35,568 $ (18,286 ) $ 17,282 Customer relationships 103,425 (12,359 ) 91,066 Developed technology 108,295 (15,059 ) 93,236 Trade names and trademarks 4,860 (1,930 ) 2,930 Advertising relationships 9,000 (1,848 ) 7,152 MLS home data feeds 1,100 (226 ) 874 Total $ 262,248 $ (49,708 ) $ 212,540 December 31, 2014 Cost Accumulated Net Purchased content $ 24,615 $ (13,904 ) $ 10,711 Developed technology 13,595 (5,321 ) 8,274 Customer relationships 9,225 (3,387 ) 5,838 Trade names and trademarks 3,261 (1,327 ) 1,934 Total $ 50,696 $ (23,939 ) $ 26,757
Estimated Future Amortization Expense for Intangible Assets	Estimated future amortization expense for intangible assets, including amortization related to future commitments (see Note 15), as of September 30, 2015 is as follows (in thousands): Remainder of 2015 $ 10,857 2016 46,333 2017 44,024 2018 37,624 2019 32,804 All future years 76,232 Total future amortization expense $ 247,874

Share-Based Awards (Tables)

Share-Based Awards (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Option Award and Stock Appreciation Rights Activity	The following table summarizes option award and stock appreciation rights activity for the year ended December 31, 2014 and the nine months ended September 30, 2015 and has been retroactively adjusted to reflect the effects of the Class C Stock Split: Number of Shares Subject to Existing Options and Weighted- Exercise Price Per Share Weighted- Remaining Contractual Life (Years) Aggregate Intrinsic Value (in thousands) Outstanding at January 1, 2014 15,470,118 $ 9.03 5.43 $ 283,009 Granted 6,658,374 32.35 Exercised (3,970,527 ) 6.03 Forfeited or cancelled (758,673 ) 20.92 Outstanding at December 31, 2014 17,399,292 18.12 5.32 311,040 Assumed Trulia options and stock appreciation rights in connection with February 2015 acquisition of Trulia 3,159,765 13.79 Granted 10,923,075 31.69 Exercised (2,316,300 ) 8.00 Forfeited or cancelled (1,793,725 ) 27.81 Outstanding at September 30, 2015 27,372,107 23.26 6.15 201,668 Vested and exercisable at September 30, 2015 8,923,722 13.65 4.22 133,843
Fair Value of Options Granted, Excluding Stock Option Grant Program of Nonemployee Directors and Executives, Estimated at Date of Grant Using Black Scholes Merton Option Pricing Model	The fair value of options granted, excluding options granted under the Stock Option Grant Program for Nonemployee Directors and certain options granted to the Company’s executives in January and February 2015, is estimated at the date of grant using the Black-Scholes-Merton option-pricing model, assuming no dividends and with the following assumptions for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Expected volatility 55% 55% 55%-56% 53%-55% Expected dividend yield — — — — Risk-free interest rate 1.03%-1.19% 1.46%-1.60% 1.03%-1.48% 1.29%-1.60% Weighted-average expected life 3.50 years 4.58 years 3.50-4.58 years 4.58 years Weighted-average fair value of options granted $11.11 $20.88 $13.98 $14.40
Summary of Restricted Stock Award Activity	The following table summarizes restricted stock award activity for the year ended December 31, 2014 and the nine months ended September 30, 2015 and has been retroactively adjusted to reflect the effects of the Class C Stock Split: Shares of Weighted- Unvested outstanding at January 1, 2014 690,381 $ 10.14 Granted 9,765 26.97 Vested (439,641 ) 10.16 Forfeited or cancelled — — Unvested outstanding at December 31, 2014 260,505 10.75 Granted 4,173 40.45 Vested (89,844 ) 12.41 Forfeited or cancelled — — Unvested outstanding at September 30, 2015 174,834 10.60
Summary of Restricted Stock Units Activity	The following table summarizes activity for restricted stock units for the year ended December 31, 2014 and the nine months ended September 30, 2015 and has been retroactively adjusted to reflect the effects of the Class C Stock Split: Restricted Stock Weighted-Average Unvested outstanding at January 1, 2014 363,369 $ 21.36 Granted 306,792 34.32 Vested (194,805 ) 25.43 Forfeited or cancelled (98,550 ) 24.13 Unvested outstanding at December 31, 2014 376,806 28.56 Assumed Trulia restricted stock units in connection with February 2015 acquisition of Trulia 3,798,957 36.38 Granted 1,096,869 28.83 Vested (1,513,140 ) 30.72 Forfeited or cancelled (914,849 ) 31.74 Unvested outstanding at September 30, 2015 2,844,643 26.54
Effects of Share Based Compensation in Statements of Operations	The following table presents the effects of share-based compensation in our statements of operations during the periods presented (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Cost of revenue $ 1,378 $ 489 $ 3,440 $ 1,280 Sales and marketing 7,446 1,885 20,439 4,886 Technology and development 7,642 2,748 20,413 7,829 General and administrative 11,549 3,512 36,610 10,181 Restructuring costs 1,059 — 15,063 — Total $ 29,074 $ 8,634 $ 95,965 $ 24,176

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share	For the periods presented, the following Class A common stock and Class C capital stock equivalents were excluded from the calculations of diluted net loss per share because their effect would have been antidilutive, which share numbers have been retroactively adjusted to reflect the effects of the Class C Stock Split (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Class A common stock and Class C capital stock issuable upon the exercise of option awards and stock appreciation rights 6,072 9,360 7,201 9,105 Class A common stock and Class C capital stock underlying unvested restricted stock awards and restricted stock units 695 369 722 369 Class A common stock issuable upon conversion of the 2020 Notes 9,535 — 9,535 — Total Class A common stock and Class C capital stock equivalents 16,302 9,729 17,458 9,474

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Payments for All Operating Leases	Future minimum payments for all operating leases as of September 30, 2015 are as follows (in thousands): Remainder of 2015 $ 4,280 2016 17,885 2017 21,702 2018 23,222 2019 21,909 All future years 103,392 Total future minimum lease payments $ 192,390
Purchase Commitments for Content Related to Mobile Applications and Websites	The amounts due for this content as of September 30, 2015 are as follows (in thousands): Remainder of 2015 $ 13,267 2016 28,705 2017 34,840 2018 14,000 2019 6,000 All future years 10,500 Total future purchase commitments $ 107,312

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2015
Restructuring and Related Activities [Abstract]
Summary of Accrued Restructuring Costs	A summary of accrued restructuring costs as of and for the nine months ended September 30, 2015 is shown in the table below (in thousands): One-Time Contract Other Total Restructuring reserves assumed in connection with February 2015 acquisition of Trulia $ 81 $ 2,544 $ 136 $ 2,761 Restructuring costs 9,015 1,319 110 10,444 Cash payments (2,612 ) (387 ) (375 ) (3,374 ) Change in estimate (67 ) — 137 70 Accrued restructuring costs as of March 31, 2015 6,417 3,476 8 9,901 Restructuring costs 2,580 34 199 2,813 Cash payments (5,209 ) (762 ) (189 ) (6,160 ) Change in estimate 282 (27 ) — 255 Accrued restructuring costs as of June 30, 2015 4,070 2,721 18 6,809 Restructuring costs 241 35 6 282 Cash payments (3,973 ) (325 ) (16 ) (4,314 ) Change in estimate (118 ) 2,180 (8 ) 2,054 Restructuring reserves transferred in connection with September 2015 divestiture of Market Leader — (4,611 ) — (4,611 ) Accrued restructuring costs as of September 30, 2015 $ 220 $ — $ — $ 220

Segment Information and Reven40

Segment Information and Revenue (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Revenue Categories	The chief executive officer reviews information about revenue categories, including marketplace revenue and display revenue. The following table presents our revenue categories during the periods presented (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Marketplace revenue: Real estate $ 129,662 $ 65,586 $ 345,532 $ 168,232 Mortgages 12,624 7,106 32,575 20,800 Market Leader 10,957 — 29,544 — Total Marketplace revenue 153,243 72,692 407,651 189,032 Display revenue 23,522 15,954 67,656 44,532 Total revenue $ 176,765 $ 88,646 $ 475,307 $ 233,564

Organization and Description 41

Organization and Description of Business - Additional Information (Detail) $ in Thousands	Feb. 17, 2015USD ($)Employee	Jul. 28, 2014shares	Sep. 30, 2015USD ($)
Organization And Description Of Business [Line Items]
Business acquisition, effective date			Feb. 17, 2015
Agreement date			Jul. 28, 2014
Common stock exchange ratio	0.444
Total purchase price | $			$ 2,000,000
Trulia
Organization And Description Of Business [Line Items]
Business acquisition, effective date			Feb. 17, 2015
Total purchase price | $	$ 1,966,420
Total workforce reduction | Employee	350
Trulia | Class A Common Stock
Organization And Description Of Business [Line Items]
Common stock exchange ratio		0.444
Zillow Merger | Class A Common Stock
Organization And Description Of Business [Line Items]
Convertible common stock		1
Zillow Merger | Class B Common Stock
Organization And Description Of Business [Line Items]
Convertible common stock		1

Summary of Significant Accoun42

Summary of Significant Accounting Policies - Additional Information (Detail)	Aug. 14, 2015shares	Sep. 30, 2015USD ($)Categoriesshares	Dec. 31, 2014USD ($)
Schedule Of Significant Accounting Policies [Line Items]
Business acquisition, effective date		Feb. 17, 2015
Stock split description		Outstanding equity awards to purchase or acquire shares of Class A common stock were proportionately adjusted to relate to one share of Class A common stock and two shares of Class C capital stock for each share of Class A common stock subject to the awards as of the record date, and the exercise prices of any such awards were also proportionately allocated between Class A common stock and Class C capital stock.
Stock split ratio	3
Other than temporary impairment loss | $		$ 0	$ 0
Amortization period, spread on perpetual rights contracts		2 years
Number of revenue categories		2
Sale of product for fixed subscription, description		Trulia real estate products included in real estate revenue are primarily sold on a fixed fee subscription basis, and include Trulia Local Ads, Trulia Mobile Ads, Trulia Pro with featured listings and Trulia Seller Ads. Prior to the August 2015 integration of certain of Zillow’s and Trulia’s advertising products, Trulia Local Ads and Trulia Mobile Ads enabled real estate professionals to promote themselves on Trulia’s search results pages and property details pages for a local market area. Real estate professionals purchased subscriptions to these products based upon their specified market share for a city or zip code, at a fixed monthly price, for periods ranging from one month to one year, with pricing depending on demand, location, and the percentage of market share purchased. Following the August 2015 agent advertising product integration, Trulia Local Ads and Trulia Mobile Ads products are no longer sold by Zillow Group. Trulia’s featured listings product allows real estate professionals to receive prominent placement of their listings in Trulia’s search results. Real estate professionals sign up for new subscriptions to this product at a fixed monthly price for periods that generally range from six months to 12 months. Trulia Seller Ads enable real estate professionals to generate leads from consumers interested in selling their homes.
Trulia
Schedule Of Significant Accounting Policies [Line Items]
Business acquisition, effective date		Feb. 17, 2015
First Set Of Product [Member]
Schedule Of Significant Accounting Policies [Line Items]
Purchase subscriptions to the products, maximum period		1 year
Purchase subscriptions to the products, minimum period		1 month
Second Set of Product
Schedule Of Significant Accounting Policies [Line Items]
Purchase subscriptions to the products, maximum period		12 months
Purchase subscriptions to the products, minimum period		6 months
Class C Capital Stock
Schedule Of Significant Accounting Policies [Line Items]
Dividend paid in shares for each class of common stock held as of record date | shares	2	2
Stock split description		On August 14, 2015, Zillow Group completed a stock dividend in the form of two shares of Class C capital stock for each share of Class A common stock and Class B common stock outstanding as of July 31, 2015. The stock dividend had the effect of a 3-for-1 stock split.
Software Development
Schedule Of Significant Accounting Policies [Line Items]
Amortization period		1 year
Purchased Content | Minimum
Schedule Of Significant Accounting Policies [Line Items]
Amortization period		2 years
Purchased Content | Maximum
Schedule Of Significant Accounting Policies [Line Items]
Amortization period		9 years

Useful Lives (Detail)

Useful Lives (Detail)	9 Months Ended
	Sep. 30, 2015
Computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment	3 years
Purchased software
Property, Plant and Equipment [Line Items]
Property and equipment	3 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment	Shorter of expected useful life or lease term
Minimum | Office equipment, furniture, and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment	5 years
Maximum | Office equipment, furniture, and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment	7 years

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Original maturities date of money market funds	Less than three months

Fair Value of Cash Equivalents

Fair Value of Cash Equivalents and Investments (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted cash	$ 6,739
Total	505,331	$ 440,810
Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	194,870	98,645
Foreign Government Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		9,035
Short-term investments		8,570
Certificates of Deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	502	2,975
Short-term investments	14,084	6,928
Long-term investments		200
US Government Agencies Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	188,170	118,342
Long-term investments		63,515
Corporate Notes and Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	60,147	78,746
Long-term investments		6,694
Municipal Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	37,822	26,256
Long-term investments		12,917
Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,997	7,987
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	383,040	280,502
Fair Value, Inputs, Level 1 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	194,870	98,645
Fair Value, Inputs, Level 1 | US Government Agencies Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	188,170	118,342
Long-term investments		63,515
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted cash	6,739
Total	122,291	160,308
Fair Value, Inputs, Level 2 | Foreign Government Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		9,035
Short-term investments		8,570
Fair Value, Inputs, Level 2 | Certificates of Deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	502	2,975
Short-term investments	14,084	6,928
Long-term investments		200
Fair Value, Inputs, Level 2 | Corporate Notes and Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	60,147	78,746
Long-term investments		6,694
Fair Value, Inputs, Level 2 | Municipal Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	37,822	26,256
Long-term investments		12,917
Fair Value, Inputs, Level 2 | Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 2,997	$ 7,987

Cash, Cash Equivalents, Inves46

Cash, Cash Equivalents, Investments and Restricted Cash - Additional Information (Detail) $ in Millions	Jan. 01, 2015USD ($)
Cash and Cash Equivalents [Abstract]
Held to maturity transferred to available-for-sale security, unrealized loss	$ 0.1
Amount transferred from held-to-maturity to available-for-sale	$ 440.8

Amortized Cost, Gross Unrealize

Amortized Cost, Gross Unrealized Gains and Losses, and Estimated Fair Market Value of Cash and Cash Equivalents, Available-for-Sale Investments and Restricted Cash (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Cash and Cash Equivalents [Line Items]
Amortized Cost	$ 543,321
Gross Unrealized Gains	212
Gross Unrealized Losses	(35)
Estimated Fair Market Value	543,498
Cash
Cash and Cash Equivalents [Line Items]
Amortized Cost	38,167
Estimated Fair Market Value	38,167
Restricted Cash
Cash and Cash Equivalents [Line Items]
Amortized Cost	6,739
Estimated Fair Market Value	6,739
Cash Equivalents | Money Market Funds
Cash and Cash Equivalents [Line Items]
Amortized Cost	194,870
Estimated Fair Market Value	194,870
Cash Equivalents | Certificates of Deposit
Cash and Cash Equivalents [Line Items]
Amortized Cost	502
Estimated Fair Market Value	502
Short-term Investments | Certificates of Deposit
Cash and Cash Equivalents [Line Items]
Amortized Cost	14,081
Gross Unrealized Gains	4
Gross Unrealized Losses	(1)
Estimated Fair Market Value	14,084
Short-term Investments | US Government Agencies Debt Securities
Cash and Cash Equivalents [Line Items]
Amortized Cost	188,035
Gross Unrealized Gains	148
Gross Unrealized Losses	(13)
Estimated Fair Market Value	188,170
Short-term Investments | Corporate Notes and Bonds
Cash and Cash Equivalents [Line Items]
Amortized Cost	60,139
Gross Unrealized Gains	25
Gross Unrealized Losses	(17)
Estimated Fair Market Value	60,147
Short-term Investments | Municipal Securities
Cash and Cash Equivalents [Line Items]
Amortized Cost	37,791
Gross Unrealized Gains	35
Gross Unrealized Losses	(4)
Estimated Fair Market Value	37,822
Short-term Investments | Commercial Paper
Cash and Cash Equivalents [Line Items]
Amortized Cost	2,997
Estimated Fair Market Value	$ 2,997

Available-for-Sale Investments

Available-for-Sale Investments by Contractual Maturity (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Cash and Cash Equivalents [Abstract]
Amortized Cost, Due in one year or less	$ 209,463
Amortized Cost, Due after one year through two years	93,580
Total	303,043
Estimated Fair Market Value, Due in one year or less	209,561
Estimated Fair Market Value, Due after one year through two years	93,659
Total	$ 303,220

Detail of Property and Equipmen

Detail of Property and Equipment (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment	$ 152,035	$ 108,304
Less: accumulated amortization and depreciation	(66,290)	(66,704)
Property and equipment, net	85,745	41,600
Website development costs
Property, Plant and Equipment [Line Items]
Property and equipment	64,070	65,224
Computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment	19,455	13,243
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment	31,872	10,617
Software
Property, Plant and Equipment [Line Items]
Property and equipment	7,426	3,431
Construction-in-progress
Property, Plant and Equipment [Line Items]
Property and equipment	16,640	9,307
Office equipment, furniture, and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment	$ 12,572	$ 6,482

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Property, Plant and Equipment [Line Items]
Amortization and depreciation expense related to property and equipment other than website development costs	$ 3,200	$ 1,600	$ 8,700	$ 4,600
Capitalization of website development costs	13,600	6,000	35,400	17,100
Amortization of website development costs and intangible assets included in technology and development	16,405	7,472	45,304	21,113
Technology and Development
Property, Plant and Equipment [Line Items]
Amortization of website development costs and intangible assets included in technology and development	10,200	2,600	28,500	7,800
Technology and Development | Software Development
Property, Plant and Equipment [Line Items]
Amortization of website development costs and intangible assets included in technology and development	$ 6,200	$ 4,800	$ 16,800	$ 13,300

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail)	Aug. 20, 2015USD ($)	Feb. 17, 2015USD ($)$ / sharesshares	Jul. 28, 2014	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Business Acquisition [Line Items]
Acquisition-related costs				$ 1,988,000	$ 13,200,000	$ 16,144,000	$ 13,384,000
Converted share of fully paid						At the effective time of the Trulia Merger, each share of Trulia common stock, other than Trulia excluded shares (as defined below), was converted into the right to receive 0.444 of a share of fully paid and nonassessable Zillow Group Class A common stock.
Common stock exchange ratio		0.444
Business acquisition, purchase price						$ 2,000,000,000
Closing price of stock on date of acquisition | $ / shares		$ 109.14
Stock option and stock appreciation rights assumed of grant using the Black-Scholes-Merton option-pricing model, dividends				0.00%	0.00%	0.00%	0.00%
Indefinite-lived intangible asset		$ 549,000,000
Business acquisition, effective date						Feb. 17, 2015
Direct and incremental acquisition-related costs
Business Acquisition [Line Items]
Pro forma adjustments				$ 3,400,000	$ 24,000,000	$ 49,100,000
Restructuring costs associated with acquisition
Business Acquisition [Line Items]
Pro forma adjustments				1,200,000		35,300,000
Share-based compensation expense attributable to substituted equity awards
Business Acquisition [Line Items]
Pro forma adjustments					600,000	37,300,000	$ 3,400,000
Amortization expense of acquired intangible assets
Business Acquisition [Line Items]
Pro forma adjustments					4,700,000	2,400,000	14,000,000
Amortization of capitalized website development costs
Business Acquisition [Line Items]
Pro forma adjustments					1,800,000	1,100,000	5,900,000
Rent expense
Business Acquisition [Line Items]
Pro forma adjustments					$ 700,000		$ 2,500,000
Class A Common Stock
Business Acquisition [Line Items]
Stock issued for acquisition | shares		17,259,704
2.75% Convertible Senior Notes Due 2020
Business Acquisition [Line Items]
Preliminary fair value of Notes		$ 356,400,000		356,400,000		356,400,000
Debt instrument, aggregate principal amount		230,000,000		230,000,000		230,000,000
Debt premium recorded in additional paid-in capital				126,400,000		$ 126,400,000
2.75% Convertible Senior Notes Due 2020 | Class A Common Stock
Business Acquisition [Line Items]
Common stock exchange ratio						0.444
Trulia
Business Acquisition [Line Items]
Acquisition-related costs				2,000,000		$ 16,100,000
Business acquisition, purchase price		$ 1,966,420,000
Stock option and stock appreciation rights assumed of grant using the Black-Scholes-Merton option-pricing model, expected volatility		53.00%
Stock option and stock appreciation rights assumed of grant using the Black-Scholes-Merton option-pricing model, dividends		0.00%
Stock option and stock appreciation rights assumed of grant using the Black-Scholes-Merton option-pricing model, risk-free interest rate		1.10%
Stock option and stock appreciation rights assumed of grant using the Black-Scholes-Merton option-pricing model, expected life		3 years
Deferred tax liability				140,400,000		$ 140,400,000
Business acquisition, effective date						Feb. 17, 2015
Trulia | Class A Common Stock
Business Acquisition [Line Items]
Common stock exchange ratio			0.444
Trulia | Trade Names and Trademarks
Business Acquisition [Line Items]
Indefinite-lived intangible asset		$ 351,000,000		$ 351,000,000		$ 351,000,000
DotLoop Inc
Business Acquisition [Line Items]
Business acquisition, purchase price	$ 105,538,000
Indefinite-lived intangible asset	22,500,000
Deferred tax liability	$ 3,880,000
Business acquisition, effective date						Aug. 20, 2015
DotLoop Inc | Option Awards
Business Acquisition [Line Items]
Stock option and stock appreciation rights assumed of grant using the Black-Scholes-Merton option-pricing model, expected volatility	55.00%
Stock option and stock appreciation rights assumed of grant using the Black-Scholes-Merton option-pricing model, dividends	0.00%
Stock option and stock appreciation rights assumed of grant using the Black-Scholes-Merton option-pricing model, risk-free interest rate	1.25%
Stock option and stock appreciation rights assumed of grant using the Black-Scholes-Merton option-pricing model, expected life	4 years 3 months 11 days

Summary of Purchase Price (Deta

Summary of Purchase Price (Detail) - USD ($) $ in Thousands	Aug. 20, 2015	Feb. 17, 2015	Sep. 30, 2015
Business Acquisition [Line Items]
Total purchase price			$ 2,000,000
Trulia
Business Acquisition [Line Items]
Cash paid in lieu of fractional outstanding shares		$ 41
Total purchase price		1,966,420
Trulia | Class A Common Stock
Business Acquisition [Line Items]
Value of stock issued and substituted share awards attributable to pre-combination service		1,883,728
Trulia | Stock Option and Stock Appreciation Rights
Business Acquisition [Line Items]
Value of stock issued and substituted share awards attributable to pre-combination service		54,853
Trulia | Restricted Stock Units
Business Acquisition [Line Items]
Value of stock issued and substituted share awards attributable to pre-combination service		$ 27,798
DotLoop Inc
Business Acquisition [Line Items]
Total purchase price	$ 105,538
Cash paid for the outstanding stock and warrants of DotLoop	94,957
Cash paid for the cancellation of vested options to purchase shares of DotLoop's common stock	5,640
Certain transaction expenses and other costs incurred by DotLoop	4,750
DotLoop Inc | Option Awards
Business Acquisition [Line Items]
Value of stock issued and substituted share awards attributable to pre-combination service	$ 191

Purchase Price Allocation (Deta

Purchase Price Allocation (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Aug. 20, 2015	Feb. 17, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill	$ 1,909,820			$ 96,352
Trulia
Business Acquisition [Line Items]
Cash and cash equivalents			$ 173,447
Accounts receivable			13,093
Prepaid expenses and other current assets			20,833
Restricted cash			6,946
Property and equipment			30,189
Other assets			434
Identifiable intangible assets			549,000
Goodwill			1,737,270
Accounts payable, accrued expenses and other current liabilities			(51,258)
Accrued compensation and benefits			(8,324)
Deferred tax liabilities	$ (140,400)
Deferred revenue			(8,300)
Long-term debt			(230,000)
Debt premium recorded in additional paid-in capital			(126,386)
Deferred tax liabilities and other long-term liabilities			(140,524)
Total preliminary estimated purchase price			$ 1,966,420
DotLoop Inc
Business Acquisition [Line Items]
Cash, cash equivalents, accounts receivable, prepaid expenses and other current assets		$ 2,149
Property and equipment and other assets		258
Identifiable intangible assets		22,500
Goodwill		85,873
Accounts payable, accrued expenses and other current liabilities, accrued compensation and benefits, and deferred revenue		(1,362)
Deferred tax liabilities		(3,880)
Total preliminary estimated purchase price		$ 105,538

Preliminary Estimated Fair Valu

Preliminary Estimated Fair Value of Identifiable Intangible Assets Acquired (Detail) - USD ($) $ in Thousands	Aug. 20, 2015	Feb. 17, 2015	Sep. 30, 2015
Business Acquisition [Line Items]
Total Preliminary Estimated Fair Value		$ 549,000
Market Leader Trade Names and Trademarks
Business Acquisition [Line Items]
Total Preliminary Estimated Fair Value		$ 2,000
Estimated Useful Life (in years)		2 years
Customer Relationships
Business Acquisition [Line Items]
Total Preliminary Estimated Fair Value		$ 92,000
Developed Technology
Business Acquisition [Line Items]
Total Preliminary Estimated Fair Value		91,000
Advertising Relationships
Business Acquisition [Line Items]
Total Preliminary Estimated Fair Value		$ 9,000
Estimated Useful Life (in years)		3 years
MLS Home Data Feeds
Business Acquisition [Line Items]
Total Preliminary Estimated Fair Value		$ 4,000
Estimated Useful Life (in years)		3 years
Trulia | Trade Names and Trademarks
Business Acquisition [Line Items]
Total Preliminary Estimated Fair Value		$ 351,000	$ 351,000
DotLoop Inc
Business Acquisition [Line Items]
Total Preliminary Estimated Fair Value	$ 22,500
DotLoop Inc | Customer Relationships
Business Acquisition [Line Items]
Total Preliminary Estimated Fair Value	10,200
DotLoop Inc | Developed Technology
Business Acquisition [Line Items]
Total Preliminary Estimated Fair Value	$ 10,700
Estimated Useful Life (in years)	3 years
DotLoop Inc | Trade Names and Trademarks
Business Acquisition [Line Items]
Total Preliminary Estimated Fair Value	$ 1,600
Estimated Useful Life (in years)	3 years
Minimum | Customer Relationships
Business Acquisition [Line Items]
Estimated Useful Life (in years)		3 years
Minimum | Developed Technology
Business Acquisition [Line Items]
Estimated Useful Life (in years)		3 years
Minimum | DotLoop Inc | Customer Relationships
Business Acquisition [Line Items]
Estimated Useful Life (in years)	6 years
Maximum | Customer Relationships
Business Acquisition [Line Items]
Estimated Useful Life (in years)		7 years
Maximum | Developed Technology
Business Acquisition [Line Items]
Estimated Useful Life (in years)		7 years
Maximum | DotLoop Inc | Customer Relationships
Business Acquisition [Line Items]
Estimated Useful Life (in years)	7 years

Pro Forma Condensed Combined Fi

Pro Forma Condensed Combined Financial Information (Detail) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2015		Sep. 30, 2014		Sep. 30, 2015		Sep. 30, 2014
Business Acquisition, Pro Forma Information [Abstract]
Revenue	$ 176,765		$ 88,646		$ 475,307		$ 233,564
Revenue			155,790	[1]	510,565	[2]	419,283	[3]
Net loss	$ (21,393)	[4]	$ (18,616)	[1]	$ (65,978)	[2]	$ (72,070)	[3]
[1]	The three months ended September 30, 2014 includes pro forma adjustments for $24.0 million to eliminate direct and incremental acquisition-related costs reflected in the historical financial statements, $4.7 million to record additional amortization expense for acquired intangible assets, $1.8 million to eliminate Trulia's historical amortization of capitalized website development costs, $0.7 million to record additional rent expense and $0.6 million to eliminate share-based compensation expense attributable to substituted equity awards.
[2]	The nine months ended September 30, 2015 includes pro forma adjustments for $49.1 million to eliminate direct and incremental acquisition-related costs reflected in the historical financial statements, $37.3 million to eliminate share-based compensation expense attributable to substituted equity awards and to record additional share-based compensation expense attributable to substituted equity awards, $35.3 million to eliminate restructuring costs associated with the acquisition of Trulia reflected in the historical financial statements, $2.4 million to record additional amortization expense for acquired intangible assets and $1.1 million to eliminate Trulia's historical amortization of capitalized website development costs.
[3]	The nine months ended September 30, 2014 includes pro forma adjustments for $14.0 million to record additional amortization expense for acquired intangible assets, $5.9 million to eliminate Trulia's historical amortization of capitalized website development costs, $3.4 million to eliminate share-based compensation expense attributable to substituted equity awards and $2.5 million to record additional rent expense.
[4]	The three months ended September 30, 2015 includes pro forma adjustments for $3.4 million to eliminate restructuring costs associated with the acquisition of Trulia reflected in the historical financial statements and $1.2 million to eliminate direct and incremental acquisition-related costs reflected in the historical financial statements.

Divestiture of Market Leader -

Divestiture of Market Leader - Additional Information (Detail) $ in Millions	Sep. 30, 2015USD ($)Employee	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Employees transferred with the business to Constellation | Employee	100
Cash received at divestiture of business	$ 17
Market Leader, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Divestiture of disposal group, description			On September 2, 2015, Zillow Group, Market Leader, Inc., an indirect wholly-owned subsidiary of Zillow Group (“ML, Inc.”), Market Leader, LLC d/b/a Market Leader, LLC of Nevada, an indirect wholly-owned subsidiary of Zillow Group (together with ML, Inc., “Market Leader”), Constellation Homebuilder Systems, Corp. (“Constellation Canada”) and Constellation Web Solutions Inc. (together with Constellation Canada, the Perseus Division of Constellation), entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) pursuant to which Constellation acquired Zillow Group’s Market Leader business, including the Sharper Agent service and the Leads Direct, HouseValues and JustListed lead generation businesses, on September 30, 2015. Market Leader became part of Zillow Group through Zillow Group’s February 2015 acquisition of Trulia. Constellation acquired substantially all of the assets of the Market Leader business and assumed certain related liabilities, including Zillow Group’s Bellevue, Washington operating lease (see Note 16). In connection with the divestiture, Market Leader’s approximately 100 employees transferred with the business to Constellation. The total sales price of approximately $22.7 million includes $17.0 million that was paid in cash at closing and approximately $5.7 million for the estimated amount to be received by Zillow Group from Constellation on December 29, 2015 upon the expiration of a holdback period to satisfy any purchase price adjustments and/or indemnification claims.
Total sales price of disposal group	22.7	$ 22.7	$ 22.7
Market Leader, Inc. | Prepaid Expenses and Other Current Assets [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total sales price of disposal group	$ 5.7	5.7	5.7
Market Leader, Inc. | Loss on Divestiture of Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total loss recorded related to the divestiture of disposal group		$ (4.1)	$ (4.1)

Schedule of Aggregate Carrying

Schedule of Aggregate Carrying Amounts of Major Classes of Assets and Liabilities (Detail) - Market Leader, Inc. $ in Thousands	Sep. 30, 2015USD ($)
Assets
Prepaid expenses and other current assets	$ 501
Property and equipment, net	5,764
Goodwill	9,209
Intangible assets, net	17,161
Total assets	32,635
Liabilities
Current liabilities	2,297
Other long-term liabilities	3,771
Total liabilities	$ 6,068

Change in Goodwill (Detail)

Change in Goodwill (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Goodwill [Line Items]
Balance as of December 31, 2014	$ 96,352
Reduction of goodwill in connection with the divestitures of businesses	(9,675)
Balance as of September 30, 2015	1,909,820
Trulia
Goodwill [Line Items]
Goodwill recorded in connection with the acquisition	1,737,270
DotLoop Inc
Goodwill [Line Items]
Goodwill recorded in connection with the acquisition	$ 85,873

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Cost	$ 262,248	$ 50,696
Accumulated Amortization	(49,708)	(23,939)
Net	212,540	26,757
Purchased Content
Finite-Lived Intangible Assets [Line Items]
Cost	35,568	24,615
Accumulated Amortization	(18,286)	(13,904)
Net	17,282	10,711
Developed Technology
Finite-Lived Intangible Assets [Line Items]
Cost	108,295	13,595
Accumulated Amortization	(15,059)	(5,321)
Net	93,236	8,274
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Cost	103,425	9,225
Accumulated Amortization	(12,359)	(3,387)
Net	91,066	5,838
Trade Names and Trademarks
Finite-Lived Intangible Assets [Line Items]
Cost	4,860	3,261
Accumulated Amortization	(1,930)	(1,327)
Net	2,930	$ 1,934
Advertising Relationships
Finite-Lived Intangible Assets [Line Items]
Cost	9,000
Accumulated Amortization	(1,848)
Net	7,152
MLS Home Data Feeds
Finite-Lived Intangible Assets [Line Items]
Cost	1,100
Accumulated Amortization	(226)
Net	$ 874

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization of website development costs and intangible assets included in technology and development	$ 16,405	$ 7,472	$ 45,304	$ 21,113
Trulia
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible asset			351,000
Technology and Development
Finite-Lived Intangible Assets [Line Items]
Amortization of website development costs and intangible assets included in technology and development	$ 10,200	$ 2,600	$ 28,500	$ 7,800

Estimated Future Amortization E

Estimated Future Amortization Expense for Intangible Assets (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2015	$ 10,857
2,016	46,333
2,017	44,024
2,018	37,624
2,019	32,804
All future years	76,232
Total future amortization expense	$ 247,874

Convertible Senior Notes - Addi

Convertible Senior Notes - Additional Information (Detail)	Feb. 17, 2015USD ($)	Sep. 30, 2015USD ($)Financial_Covenants$ / shares	Sep. 30, 2015USD ($)Financial_Covenantsd$ / shares
Debt Instrument [Line Items]
Common stock exchange ratio	0.444
Class A Common Stock | Stock Split [Member]
Debt Instrument [Line Items]
Debt instrument, conversion rate principal amount		$ 1,000	$ 1,000
Debt instrument, conversion rate shares			41.4550
Initial conversion price | $ / shares		$ 24.12	$ 24.12
2.75% Convertible Senior Notes Due 2020
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount	$ 230,000,000	$ 230,000,000	$ 230,000,000
Debt instrument, due date			Dec. 15, 2020
Debt instrument, interest rate stated percentage	2.75%
Debt instrument, frequency of period payment			Semi-annually on June 15 and December 15
Debt instrument, conversion rate principal amount		$ 1,000	$ 1,000
Debt instrument, conversion rate shares			27.8303
Repurchase price percentage of principal amount			100.00%
Number of financial covenants | Financial_Covenants		0	0
Debt instrument, redemption period start date			Dec. 20, 2018
Interest expense		$ 1,600,000	$ 3,900,000
Accrued interest		1,800,000	1,800,000
Fair value of convertible notes		280,000,000	280,000,000
Debt instrument carrying value		$ 230,000,000	$ 230,000,000
2.75% Convertible Senior Notes Due 2020 | Class A Common Stock
Debt Instrument [Line Items]
Debt instrument, conversion rate shares			12.3567
Common stock exchange ratio			0.444
Initial conversion price | $ / shares		$ 80.93	$ 80.93
Debt instrument, convertible threshold percentage			130.00%
Debt instrument, convertible threshold trading days | d			20
Debt instrument, convertible threshold consecutive trading days			30 days

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Dec. 31, 2014
Schedule Of Income Tax [Line Items]
Related income tax liability	$ 0	$ 0
Minimum estimated percentage of deferred tax unrealized		50.00%
Income tax benefit	$ (2,853,000)	$ (2,853,000)
Federal
Schedule Of Income Tax [Line Items]
Net operating loss carryforwards			$ 358,600,000
State
Schedule Of Income Tax [Line Items]
Net operating loss carryforwards			$ 7,200,000

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail)	Aug. 14, 2015shares	Sep. 30, 2015$ / sharesshares	Sep. 30, 2015$ / sharesshares	Dec. 31, 2014$ / sharesshares
Class of Stock [Line Items]
Preferred stock, shares issued | shares		0	0	0
Preferred stock, shares outstanding | shares		0	0	0
Stock split description			Outstanding equity awards to purchase or acquire shares of Class A common stock were proportionately adjusted to relate to one share of Class A common stock and two shares of Class C capital stock for each share of Class A common stock subject to the awards as of the record date, and the exercise prices of any such awards were also proportionately allocated between Class A common stock and Class C capital stock.
Stock split ratio	3
Class A Common Stock
Class of Stock [Line Items]
Common stock holders voting right			$ 1
Conversion of common stock conversion ratio			1
Number of common stock issued | shares		0	0
Common stock, par value after Class C Stock Split		$ 0.0001	$ 0.0001	$ 0.0001
Class B Common Stock
Class of Stock [Line Items]
Common stock holders voting right			$ 10
Number of common stock converted | shares		0	0	251,445
Common stock, par value after Class C Stock Split		$ 0.0001	$ 0.0001	$ 0.0001
Class C Capital Stock
Class of Stock [Line Items]
Common stock holders voting right			$ 0
Dividend declaration date			Jul. 21, 2015
Dividend record date			Jul. 31, 2015
Dividend payable date			Aug. 14, 2015
Distribution of shares for each class of common stock held as of record date | shares	2		2
Stock split description			On August 14, 2015, Zillow Group completed a stock dividend in the form of two shares of Class C capital stock for each share of Class A common stock and Class B common stock outstanding as of July 31, 2015. The stock dividend had the effect of a 3-for-1 stock split.
Common stock, par value after Class C Stock Split		$ 0.0001	$ 0.0001	$ 0.0001

Share-Based Awards - Additional

Share-Based Awards - Additional Information (Detail) - USD ($)	Jun. 11, 2015	Apr. 30, 2015	Aug. 31, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Aug. 14, 2015	Aug. 13, 2015	Jun. 10, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based awards description						In connection with the Class C Stock Split discussed in Note 12 above, all outstanding equity awards under each of the plans described below (collectively, the "Plans") as of the record date were proportionately adjusted to relate to one share of Class A common stock and two shares of Class C capital stock for each share of Class A common stock subject to the awards as of the record date (the "Split Adjustment"). The original exercise prices of outstanding stock options and stock appreciation rights were proportionally allocated between shares of Class A common stock and Class C capital stock, based on the ratio of the when-issued trading prices of the Class A common stock and the Class C capital stock during the ten trading days prior to and including the payment date of the Class C Stock Split. In connection with the Split Adjustment, each stock option and stock appreciation right is independently exercisable (to the extent vested) for shares of Class A common stock and shares of Class C capital stock so that, in effect, for each share of Class A common stock subject to the option or stock appreciation right prior to the Class C Stock Split, the Split Adjustment resulted in a stock option to purchase one share of Class A common stock and a stock option to purchase two shares of Class C capital stock. Each such adjusted equity award otherwise has the same terms and conditions, including the vesting schedule and term, as the original equity award prior to the Split Adjustment.
Number of options granted						10,923,075		6,658,374
Number of options granted, weighted-average exercise price						$ 31.69		$ 32.35
Share-based compensation				$ 29,074,000	$ 8,634,000	$ 95,965,000	$ 24,176,000
Sales and Marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation				7,446,000	1,885,000	20,439,000	4,886,000
Technology and Development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation				7,642,000	2,748,000	20,413,000	7,829,000
General and Administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation				11,549,000	$ 3,512,000	36,610,000	$ 10,181,000
February 2015 Restructuring Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation				0
February 2015 Restructuring Plan | Sales and Marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation						1,800,000
February 2015 Restructuring Plan | Technology and Development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation						1,400,000
February 2015 Restructuring Plan | General and Administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation						$ 6,700,000
DotLoop Inc
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted						199,779
Number of options granted, weighted-average exercise price						$ 9.29
Option Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost				219,800,000		$ 219,800,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost				800,000		$ 800,000
Granted						4,173		9,765
Trulia 2012 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share fixed						100.00%
Expiration period						10 years
Stock Appreciation Rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost				219,800,000		$ 219,800,000
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost				$ 74,600,000		$ 74,600,000
Granted						1,096,869		306,792
Amended and Restated 2011 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in number of shares authorized for issuance	1,500,000
Number of shares authorized for issuance									5,300,000		3,800,000
Total number of shares available for issuance under awards				15,900,000		15,900,000				5,300,000
Increase in number of shares of common stock available for issuance percentage						3.50%
Increase in number of shares of common stock available for issuance				10,500,000		10,500,000				3,500,000
Amended and Restated 2011 Incentive Plan | Class C Capital Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total number of shares available for issuance under awards				1,953,950		1,953,950
2011 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share fixed						100.00%
2011 Plan | Option Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period						7 years
Share based compensation arrangement by share based payment, award minimum exercisable period						3 months
Share based compensation arrangement by share based payment, award maximum exercisable period						12 months
Options vesting rights						Options granted under the 2011 Plan are typically granted with seven-year terms and typically vest 25% after 12 months and ratably thereafter over the next 36 months, though certain options have been granted with longer terms and vesting schedules.
2011 Plan | Option Awards | Vesting After 12 Months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage						25.00%
2011 Plan | Option Awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period						10 years
Vesting period						36 months
2011 Plan | Option Awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period						12 months
Trulia 2005 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period						10 years
Options vesting rights						Certain options vest monthly over two to four years
Trulia 2005 Stock Plan | Vesting After 12 Months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage						25.00%
Trulia 2005 Stock Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period						36 months
Trulia 2005 Stock Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period						12 months
Retention Plan | Restricted Stock Units | Trulia
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options vesting rights						12.5% of the retention restricted stock units vest approximately 6 months after the vesting commencement date of February 18, 2015, and the remaining retention restricted stock units vest quarterly thereafter for approximately 3.5 years, subject to the recipient's continued full-time employment or service to Zillow Group.
Granted		105,358
Vesting commencement date of restricted shares						Feb. 18, 2015
Total grant date fair value		$ 10,200,000
Retention Plan | Restricted Stock Units | Trulia | Vesting After 6 Months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		12.50%
Retention Plan | Restricted Stock Units | Maximum | Trulia
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years 6 months
Retention Plan | Restricted Stock Units | Minimum | Trulia
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		6 months
Retention Plan | Restricted Stock Units | Class A Common Stock and Class C Capital Stock | Trulia
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted		316,074
Retention Bonus Plan Member | Restricted Stock Units | DotLoop Inc
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total grant date fair value						$ 4,500,000
Retention Bonus Plan Member | Restricted Stock Units | DotLoop Inc | For 178,428 of Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options vesting rights						25% of the restricted stock units vest on August 20, 2016, and the remaining restricted stock units vest quarterly thereafter over the next three years.
Vesting percentage			25.00%
Vesting period			3 years
Granted			178,428
Vesting commencement date of restricted shares						Aug. 20, 2016
Retention Bonus Plan Member | Restricted Stock Units | DotLoop Inc | For 173,761 of Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options vesting rights						50% of the restricted stock units vest on August 21, 2016, and the remaining restricted stock units vest quarterly thereafter for the next three years.
Vesting percentage			50.00%
Vesting period			3 years
Granted			173,761
Vesting commencement date of restricted shares						Aug. 20, 2016
Total grant date fair value						$ 4,400,000

Summary of Option Award and Sto

Summary of Option Award and Stock Appreciation Rights Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of Shares Subject to Existing Option Awards and Stock Appreciation Rights, Beginning Balance	17,399,292	15,470,118
Number of Shares Subject to Existing Option Awards and Stock Appreciation Rights, Assumed Trulia options and stock appreciation rights in connection with February 2015 acquisition of Trulia	3,159,765
Weighted-Average Exercise Price Per Share, Assumed Trulia options and stock appreciation rights in connection with February 2015 acquisition of Trulia	$ 13.79
Number of Shares Subject to Existing Option Awards and Stock Appreciation Rights, Granted	10,923,075	6,658,374
Number of Shares Subject to Existing Option Awards and Stock Appreciation Rights, Exercised	(2,316,300)	(3,970,527)
Number of Shares Subject to Existing Option Awards and Stock Appreciation Rights, Forfeited or cancelled	(1,793,725)	(758,673)
Number of Shares Subject to Existing Option Awards and Stock Appreciation Rights, Ending Balance	27,372,107	17,399,292	15,470,118
Weighted-Average Exercise Price Per Share, Beginning Balance	$ 18.12	$ 9.03
Number of Shares Subject to Existing Option Awards and Stock Appreciation Rights, Vested and exercisable, Ending balance	8,923,722
Weighted-Average Exercise Price Per Share, Granted	$ 31.69	32.35
Weighted-Average Exercise Price Per Share, Exercised	8	6.03
Weighted-Average Exercise Price Per Share, Forfeited or cancelled	27.81	20.92
Weighted-Average Exercise Price Per Share, Ending Balance	23.26	$ 18.12	$ 9.03
Weighted-Average Exercise Price Per Share, Vested and exercisable	$ 13.65
Weighted-Average Remaining Contractual Life (Years)	6 years 1 month 24 days	5 years 3 months 26 days	5 years 5 months 5 days
Weighted-Average Remaining Contractual Life (Years), Vested and exercisable	4 years 2 months 19 days
Aggregate Intrinsic Value	$ 201,668	$ 311,040	$ 283,009
Aggregate Intrinsic Value Vested, and exercisable	$ 133,843

Fair Value of Options Granted,

Fair Value of Options Granted, Excluding Stock Option Grant Program of Nonemployee Directors and Executives, Estimated at Date of Grant Using Black Scholes Merton Option Pricing Model (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum	55.00%	55.00%	55.00%	53.00%
Expected volatility, maximum			56.00%	55.00%
Expected dividend yield	0.00%	0.00%	0.00%	0.00%
Risk-free interest rate, minimum	1.03%	1.46%	1.03%	1.29%
Risk-free interest rate, maximum	1.19%	1.60%	1.48%	1.60%
Weighted-average fair value of options granted	$ 11.11	$ 20.88	$ 13.98	$ 14.40
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average expected life	3 years 6 months	4 years 6 months 29 days	3 years 6 months	4 years 6 months 29 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average expected life			4 years 6 months 29 days

Summary of Restricted Stock Awa

Summary of Restricted Stock Award Activity (Detail) - Restricted Stock - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Shares of Restricted Stock
Unvested outstanding, beginning balance	260,505	690,381
Granted	4,173	9,765
Vested	(89,844)	(439,641)
Forfeited or cancelled	0	0
Unvested outstanding, ending balance	174,834	260,505
Weighted-Average Grant-Date Fair Value
Unvested outstanding, beginning balance	$ 10.75	$ 10.14
Granted	40.45	26.97
Vested	12.41	10.16
Forfeited or cancelled	0	0
Unvested outstanding, ending balance	$ 10.60	$ 10.75

Summary of Restricted Stock Uni

Summary of Restricted Stock Units Activity (Detail) - Restricted Stock Units - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Restricted Stock Units
Unvested outstanding, beginning balance	376,806	363,369
Assumed Trulia restricted stock units in connection with February 2015 acquisition of Trulia	3,798,957
Granted	1,096,869	306,792
Vested	(1,513,140)	(194,805)
Forfeited or cancelled	(914,849)	(98,550)
Unvested outstanding, ending balance	2,844,643	376,806
Weighted-Average Grant-Date Fair Value
Unvested outstanding, beginning balance	$ 28.56	$ 21.36
Assumed Trulia restricted stock units in connection with February 2015 acquisition of Trulia	36.38
Granted	28.83	34.32
Vested	30.72	25.43
Forfeited or cancelled	31.74	24.13
Unvested outstanding, ending balance	$ 26.54	$ 28.56

Effects of Share Based Compensa

Effects of Share Based Compensation in Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	$ 29,074	$ 8,634	$ 95,965	$ 24,176
Cost of Revenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	1,378	489	3,440	1,280
Sales and Marketing
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	7,446	1,885	20,439	4,886
Technology and Development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	7,642	2,748	20,413	7,829
General and Administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	11,549	$ 3,512	36,610	$ 10,181
Restructuring Costs
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	$ 1,059		$ 15,063

Antidilutive Securities Exclude

Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Class A Common Stock and Class C Capital Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Class A common stock and Class C capital stock equivalents excluded from calculations of diluted net loss per share	16,302	9,729	17,458	9,474
Class A Common Stock and Class C Capital Stock | Option Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Class A common stock and Class C capital stock equivalents excluded from calculations of diluted net loss per share	6,072	9,360	7,201	9,105
Class A Common Stock and Class C Capital Stock | Restricted Stock Awards and Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Class A common stock and Class C capital stock equivalents excluded from calculations of diluted net loss per share	695	369	722	369
Class A Common Stock | 2.75% Convertible Senior Notes Due 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Class A common stock and Class C capital stock equivalents excluded from calculations of diluted net loss per share	9,535		9,535

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)

Nov. 30, 2012ft²

Nov. 30, 2010Patent

Sep. 30, 2010Patent

Mar. 31, 2010Patent

Sep. 30, 2015USD ($)ft²

Sep. 30, 2014USD ($)

Sep. 30, 2015USD ($)ft²

Sep. 30, 2014USD ($)

Jul. 31, 2015ft²

May. 31, 2015ft²

Feb. 17, 2015ft²

Dec. 31, 2014USD ($)

Nov. 30, 2014ft²

Jul. 31, 2014ft²

Feb. 28, 2014ft²

Apr. 30, 2012ft²

Mar. 01, 2011ft²

Property Subject to or Available for Operating Lease [Line Items]

Rent expense

$ 3,800,000

$ 2,000,000

$ 11,200,000

$ 5,100,000

Minimum rentals to be received in future under noncancelable subleases

4,900,000

4,900,000

Non-cancelable purchase commitments

107,312,000

107,312,000

Outstanding surety bonds

2,000,000

$ 2,000,000

$ 0

Number of patents infringed | Patent

3

Acquisition date

Feb. 17, 2015

Trulia

Property Subject to or Available for Operating Lease [Line Items]

Acquisition date

Feb. 17, 2015

Seattle, Washington

Property Subject to or Available for Operating Lease [Line Items]

Outstanding letters of credit

1,800,000

$ 1,800,000

Seattle, Washington | Operating Lease

Property Subject to or Available for Operating Lease [Line Items]

Rentable area of the premises | ft²

113,470

155,042

Lease agreement term

145 months

San Francisco, California

Property Subject to or Available for Operating Lease [Line Items]

Outstanding letters of credit

$ 3,800,000

$ 3,800,000

San Francisco, California | Operating Lease

Property Subject to or Available for Operating Lease [Line Items]

Rentable area of the premises | ft²

18,353

79,000

79,000

8,311

26,620

Lease agreement term

72 months

107 months

Denver, Colorado

Property Subject to or Available for Operating Lease [Line Items]

Outstanding letters of credit

$ 1,100,000

$ 1,100,000

Denver, Colorado | Operating Lease | Trulia

Property Subject to or Available for Operating Lease [Line Items]

Rentable area of the premises | ft²

65,000

Lease agreement term

84 months

Irvine, California | Operating Lease

Property Subject to or Available for Operating Lease [Line Items]

Rentable area of the premises | ft²

60,000

Lease agreement term

120 months

Bellevue, Washington

Property Subject to or Available for Operating Lease [Line Items]

Outstanding letters of credit

1,500,000

$ 1,500,000

Bellevue, Washington | Operating Lease | Trulia

Property Subject to or Available for Operating Lease [Line Items]

Rentable area of the premises | ft²

72,000

New York

Property Subject to or Available for Operating Lease [Line Items]

Outstanding letters of credit

$ 1,100,000

$ 1,100,000

New York | Operating Lease

Property Subject to or Available for Operating Lease [Line Items]

Rentable area of the premises | ft²

39,900

Lease agreement term

124 months

New York | Sublet

Property Subject to or Available for Operating Lease [Line Items]

Rentable area of the premises | ft²

6,650

LendingTree, LLC

Property Subject to or Available for Operating Lease [Line Items]

Number of patents infringed | Patent

2

Allegations and asserted defenses

In March 2014, a federal jury found that Zillow does not infringe the patents and that the patents asserted by LendingTree are invalid.

Smarter Agent

Property Subject to or Available for Operating Lease [Line Items]

Number of patents-in-suit | Patent

3

Smarter Agent | Diverse Solutions, Inc

Property Subject to or Available for Operating Lease [Line Items]

Acquisition date

Oct. 31, 2011

Smarter Agent | StreetEasy, Inc.

Property Subject to or Available for Operating Lease [Line Items]

Acquisition date

Aug. 26, 2013

Smarter Agent | HotPads, Inc.

Property Subject to or Available for Operating Lease [Line Items]

Acquisition date

Dec. 14, 2012

Future Minimum Payments for All

Future Minimum Payments for All Operating Leases (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2015	$ 4,280
2,016	17,885
2,017	21,702
2,018	23,222
2,019	21,909
All future years	103,392
Total future minimum lease payments	$ 192,390

Purchase Commitments for Conten

Purchase Commitments for Content Related to Mobile Applications and Websites (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2015	$ 13,267
2,016	28,705
2,017	34,840
2,018	14,000
2,019	6,000
All future years	10,500
Total future purchase commitments	$ 107,312

Restructuring - Additional Info

Restructuring - Additional Information (Detail) - February 2015 Restructuring Plan $ in Millions	Feb. 17, 2015Employee	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2014Employee
Restructuring Cost and Reserve [Line Items]
Reduction of market leader head count | Employee	350			80
Restructuring charge		$ 3.4	$ 35.1
Restructuring reserves		0.2	0.2
Contract Termination Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charge			7.7
Contract Termination Costs | Bellevue, Washington
Restructuring Cost and Reserve [Line Items]
Restructuring charge		2.2
Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charge			12.1
Noncash Expenses Relating to Employee Benefit
Restructuring Cost and Reserve [Line Items]
Restructuring charge		$ 1.1	15.1
Leasehold improvements | Contract Termination Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs for contract termination costs			$ 4

Summary of Accrued Restructurin

Summary of Accrued Restructuring Costs (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring costs		$ 3,425		$ 35,142
Trulia Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Accrued restructuring costs beginning balance	$ 2,761	6,809	$ 9,901
Restructuring costs	10,444	282	2,813
Cash payments	(3,374)	(4,314)	(6,160)
Change in estimate	70	2,054	255
Restructuring reserves transferred in connection with September 2015 divestiture of Market Leader		(4,611)
Accrued restructuring costs ending balance	9,901	220	6,809	220
One-Time Termination Benefits | Trulia Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Accrued restructuring costs beginning balance	81	4,070	6,417
Restructuring costs	9,015	241	2,580
Cash payments	(2,612)	(3,973)	(5,209)
Change in estimate	(67)	(118)	282
Accrued restructuring costs ending balance	6,417	220	4,070	$ 220
Contract Termination Costs | Trulia Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Accrued restructuring costs beginning balance	2,544	2,721	3,476
Restructuring costs	1,319	35	34
Cash payments	(387)	(325)	(762)
Change in estimate		2,180	(27)
Restructuring reserves transferred in connection with September 2015 divestiture of Market Leader		(4,611)
Accrued restructuring costs ending balance	3,476		2,721
Other Associated Costs | Trulia Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Accrued restructuring costs beginning balance	136	18	8
Restructuring costs	110	6	199
Cash payments	(375)	(16)	(189)
Change in estimate	137	$ (8)
Accrued restructuring costs ending balance	$ 8		$ 18

Self-Insurance - Additional Inf

Self-Insurance - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015USD ($)
Insurance [Line Items]
Minimum amount of individual claim under self insurance plan	$ 100,000
Liability for self-insured claims included in accrued compensation and benefits	$ 500,000
Minimum
Insurance [Line Items]
Percentage of cumulative medical claim under self insurance plan	125.00%

Employee Benefit Plan - Additio

Employee Benefit Plan - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Defined Benefit Plan Disclosure [Line Items]
Company's expense related to its defined contribution 401(k) retirement plans	$ 1,000,000	$ 0	$ 3,100,000	$ 0
Maximum
Defined Benefit Plan Disclosure [Line Items]
Company's contribution based on employee contribution			1.50%
Maximum | Trulia
Defined Benefit Plan Disclosure [Line Items]
Company's contribution based on employee contribution			4.00%

Segment Information and Reven79

Segment Information and Revenue - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015Segment
Segment Reporting [Abstract]
Number of reportable segment	1

Revenue Categories (Detail)

Revenue Categories (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Total Marketplace revenue	$ 153,243	$ 72,692	$ 407,651	$ 189,032
Display revenue	23,522	15,954	67,656	44,532
Total revenue	176,765	88,646	475,307	233,564
Real Estate Revenue
Revenues:
Total Marketplace revenue	129,662	65,586	345,532	168,232
Mortgages Revenue
Revenues:
Total Marketplace revenue	12,624	$ 7,106	32,575	$ 20,800
Market Leader Revenue
Revenues:
Total Marketplace revenue	$ 10,957		$ 29,544