People (PPLI) risk factors, FY2024 10-K

Other

1. 01Cautionary Statement Regarding Forward-Looking Information
2. 02Marketing efforts designed to drive visitors to our various brands and businesses may not be successful or cost-effective
3. 03Certain of our businesses depend upon arrangements with Google
4. 04Changes in the usage and functioning of search engines related to GAI technology, related disruption to marketing technologies and platforms and use of our content by GAI chatbots could adversely impact our business, financial condition and results of operations
5. 05Our success depends, in part, upon the continued migration of certain markets and industries online and the continued growth and acceptance of online products and services as effective alternatives to traditional offline products and services
6. 06Our success depends, in part, on our continued ability to develop and monetize versions of our products and services for mobile and other digital devices
7. 07Advertising revenue represents a significant portion of our consolidated revenue. Accordingly, we are sensitive to general economic events and trends that adversely impact advertising spending levels
8. 08Our success depends, in part, on the ability of our Digital business to successfully expand the digital reach of our portfolio of publishing brands
9. 09Our success depends, in substantial part, on our continued ability to market, distribute and monetize our products and services through search engines, digital app stores, advertising networks and social media platforms
10. 10Revenue from our Print business is declining
11. 11Increases in paper and postage prices are difficult to predict and control
12. 12We rely on a single supplier to print our magazines and primarily rely on two wholesalers to distribute our magazines through newsstands
13. 13Our pension plan obligations could increase
14. 14Our success depends, in part, on the ability of Angi and Care.com to establish and maintain relationships with quality and trustworthy professionals and caregivers
15. 15Our success depends, in part, on the ability of Angi to balance their various offerings to professionals across the Angi platforms
16. 16Changes to certain requirements applicable to certain communications with consumers may adversely impact the ability of our Angi businesses to generate leads for professionals
17. 17Our success depends, in part, on our ability to access, collect and use personal data about our users and subscribers
18. 18Our ability to engage directly with our users, subscribers, consumers, professionals and caregivers on a timely basis is critical to our success
19. 19Mr. Diller and certain members of his family are able to exercise significant influence over the composition of IAC’s board of directors, matters subject to stockholder approval and IAC’s operations
20. 20Current and future indebtedness could affect our ability to operate our business, which could have a material adverse effect on our business, financial condition and results of operations
21. 21We may incur, and subject to restrictions in the Amended Dotdash Meredith Credit Agreement, Dotdash Meredith may incur, additional, indebtedness. Any additional indebtedness incurred by us (or Dotdash Meredith in compliance with applicable restrictions) that is significant could increase the risks described above
22. 22We may not be able to generate sufficient cash to service all of our indebtedness
23. 23Variable rate indebtedness and interest rate swaps subject us to interest rate risk and counterparty risk, respectively
24. 24We may not be able to freely access the cash of Dotdash Meredith and/or Angi and their respective subsidiaries
25. 25IAC has issued various compensatory equity awards, including stock options, restricted stock units and stock appreciation rights denominated in shares of IAC common stock, as well as in equity of certain of its consolidated subsidiaries, including Angi and certain of its subsidiaries

Risks Relating to the Distribution

1. 26IAC and Angi may be unable to achieve some or all of the benefits that they expect to achieve as a result of the Distribution
2. 27Following the Distribution, IAC will be a smaller, less diversified company than IAC prior to the Distribution
3. 28If the Distribution fails to qualify as a transaction that is generally tax-free for U.S. federal income tax purposes, IAC, Angi and their respective stockholders could suffer material adverse consequences
4. 29Angi may not be able to engage in desirable capital-raising or strategic transactions following the Distribution due to restrictions under its tax sharing agreement with IAC
5. 30The Distribution is subject to certain closing conditions that, if not satisfied or waived, will result in the Distribution not being completed. If the Distribution is not completed, the market price of IAC and Angi securities may decline
6. 31IAC or Angi may fail to perform their obligations pursuant to certain agreements between them

Risks Relating to IAC and Angi Securities Following the Distribution

1. 32The aggregate value of the IAC and Angi securities that current holders of IAC capital stock will hold after the Distribution could be less than the value of the IAC securities they held before the Distribution
2. 33If IAC completes the Distribution, holders of IAC capital stock as of immediately prior to the Distribution will receive shares of Angi Class A common stock capital stock. We cannot predict the prices at which shares of IAC common stock and/or Angi Class A common stock will trade at post-Distribution
3. 34The market price and trading volume of IAC common stock and/or Angi Class A common stock could be volatile and face negative pressure
4. 35These factors, among others, may result in short- or long-term negative pressure on the value of IAC common stock and/or Angi Class A common stock
5. 36Substantial sales of Angi Class A common stock following the Distribution, or the perception that such sales might occur, could depress the market price of Angi Class A common stock
6. 37If securities or industry analysts do not publish research or publish unfavorable research about IAC or Angi, the applicable company’s stock price and trading volume could decline
7. 38Our businesses operate in especially competitive and evolving industries
8. 39We are sensitive to general economic events and trends, particularly those that adversely impact consumer confidence and spending behavior, as well as general geopolitical risks
9. 40Our success depends, in part, on our ability to build, maintain and/or enhance our various brands
10. 41We may not be able to protect our systems, technology and infrastructure from cybersecurity incidents or cybersecurity incidents experienced by third parties could adversely affect us
11. 42If personal, confidential or sensitive user information is breached or otherwise accessed by unauthorized persons, it may be costly to mitigate and our reputation could be harmed
12. 43The processing, storage, use and disclosure of personal data could give rise to liabilities and increased costs
13. 44Our success depends, in part, on the integrity, quality, efficiency and scalability of our systems, technology and infrastructure, and those of third parties
14. 45We depend on our key personnel