IAC InterActiveCorp. (IAC)

Risks

• Marketing efforts designed to drive visitors to our various brands and businesses may not be successful or cost-effective.
• We rely on search engines to drive traffic to our various properties. Certain search engine operators offer products and services that compete directly with our products and services. If links to websites offering our products and services are not displayed prominently in search results, traffic to our properties could decline and our business could be adversely affected.
• Certain of our businesses depend upon arrangements with Google.
• Our 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.
• Our 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.
• Our success depends, in part, on our continued ability to develop and monetize versions of our products and services for mobile and other digital devices.
• Revenue from our Print business is declining.
• Increases in paper and postage prices are difficult to predict and control.
• We rely on a single supplier to print our magazines.
• Our pension plan obligations could increase.
• Our success depends, in part, on the ability of Angi Inc. and Care.com to establish and maintain relationships with quality and trustworthy service professionals and caregivers.
• The Angi Inc. brand integration initiative may continue to involve substantial costs, including as a result of a continued negative impact on organic search placement, and may not be favorably received by customers and service professionals.
• Our success depends, in part, on the ability of Angi Inc. to expand pre-priced offerings, while balancing the overall mix of service requests and directory services on Angi platforms generally.
• Our ability to engage directly with our users, subscribers, consumers, service professionals and caregivers directly on a timely basis is critical to our success.
• Our success depends, in part, on our ability to access, collect and use personal data about our users and subscribers.
• Mr. Diller, certain members of his family and Mr. Levin are able to exercise significant influence over the composition of IAC’s Board of Directors, matters subject to stockholder approval and IAC’s operations.
• Current 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.
• We may not be able to generate sufficient cash to service all of our indebtedness.
• Variable rate indebtedness subjects us to interest rate risk.
• We may not freely access the cash of Dotdash Meredith and/or Angi Inc. and their respective subsidiaries.
• You may experience dilution with respect to your investment in IAC, and IAC may experience dilution with respect to its investment in Angi Inc., as a result of compensatory equity awards.
• Our businesses operate in especially competitive and evolving industries.
• We are sensitive to general economic events and trends, particularly those that adversely impact consumer confidence and spending behavior.
• Our success depends, in part, on our ability to build, maintain and/or enhance our various brands.
• The global outbreak of COVID-19 and other similar outbreaks could adversely affect our business, financial condition and results of operations.
• We may not be able to protect our systems, technology and infrastructure from cyberattacks and cyberattacks experienced by third parties may adversely affect us.
• If 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.
• The processing, storage, use and disclosure of personal data could give rise to liabilities and increased costs.
• Our success depends, in part, on the integrity, quality, efficiency and scalability of our systems, technology and infrastructure, and those of third parties.
• We depend on our key personnel.