Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 61

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 61
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 affect the visibility of and traffic to our content, among other factors.

The size and engagement of
our audience also depends in part on referrals from third-party platforms, including social media platforms and search engines, that
direct customers to our content. These third-party platforms increasingly prioritize formats and content that are outside of our primary
offerings and may vary their emphasis on what content to highlight for audience. This has caused, and may continue to cause, referrals
from these platforms to our content to diminish. Additionally, search engine results and digital marketplace rankings are based on algorithms
that are changed frequently, without notice or explanation. Any failure to successfully manage and adapt to changes in how our content,
products and services are marketed, discovered, prioritized, displayed and monetized could cause our audience base to significantly diminish.

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The size of the audience
for our print publications may be affected as the media industry has transitioned from being primarily print-focused to digital and we
do not expect this trend to reverse. We may be limited in our ability to prevent the resulting print revenue declines, particularly as
our print products become more expensive relative to other media alternatives, including our digital products. If we are unable to offset
revenue declines from print publications with other sources of revenue, or if the revenue declines at a faster rate than we anticipate,
our operating results will be materially and adversely affected.

Our advertising
revenues are affected by numerous factors, including market dynamics, evolving digital advertising trends and the evolution of our strategy.

Our advertising revenue is
sensitive to the macroeconomic environment, as advertiser budgets can fluctuate substantially in response to changing economic conditions.
Our advertising revenues could be adversely affected as advertisers, including primarily luxury and fashion brands, respond to such conditions
by reducing their budgets or shifting spending patterns or priorities. See also “—Risks Relating to our Businesses and Industries
in General — Our business and financial results may be adversely impacted by economic, market, geopolitical and public health
conditions or other events causing significant disruption.”

Within the fashion and luxury
advertising markets, our ability to compete successfully for advertising budgets will depend on, among other factors, our ability to
engage and grow our audience base, develop attractive and high-quality content, maintain our influence in the fashion and luxury markets,
enhance our relationship with renowned brands and fashion influencers and demonstrate the value of our advertising and the effectiveness
of our content, products and services to advertisers. In determining whether to buy advertising with us, advertisers