Risk Factors Update Summary
- Our business may be impacted by industry changes due to class action lawsuits or government investigations. This could result in significant financial implications.
- Zillow Home Loans may not meet customers' financing needs with its product offerings. This could impact the growth and financial results of the Mortgages Business.
- Zillow Group acquired multiple companies in 2023, including Aryeo, Spruce Holdings, and Enchant. These acquisitions may impact the company's operations and financial condition.
- Residential Premier Agent revenue increased from 66% to 75% of total revenue for the year ended December 31, 2022 to 2023. This concentration poses a risk.
- Zillow Group filed a lawsuit against multiple listing services under federal antitrust laws. This legal action could impact the real estate showing management services market.
- Zillow Home Loans originates loans in 49 states and the District of Columbia, up from 48 states. This expansion may impact financial results.
- Zillow Group's board authorized the repurchase of up to $2.5 billion of its securities, with $770 million remaining available as of December 31, 2023. This could affect shareholder value and stock prices.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1617640&owner=exclude
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