Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 62

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 62
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 may consider factors
such as our brands and reputation, the demand for our content and products, the focus of our coverage, size and demographics of our audience,
advertising rates, targeting capabilities, results observed by advertisers, and perceived effectiveness of advertising offerings and
alternative advertising options. Specifically, the prestige and reputation of our publications are critical to our success in attracting
premium advertisers. If our brand perception diminishes for any reason, we may lose the appeal that makes our platform attractive for
luxury and high-end advertising and thereby experience a decline in advertising revenue. See also “—Risks Relating to our
Businesses and Industries in General — Our brands and reputation are our key assets. Negative perceptions or publicity
of us or our brands could adversely affect our business, financial condition and results of operations.”

The continuing shift in customer
preference from print media to digital media, as well as growing customer engagement with digital media and social platforms, has introduced
significant new competition for advertising. Our revenues from print advertising may decline over time as the media industry has transitioned
from being primarily print-focused to digital. Print advertising revenue may decline more quickly than we anticipate, which could create
additional pressure on our profitability.

We also offer digital advertising
to our customers. We compete with companies with large digital platforms, which have greater audience reach, audience data and targeting
capabilities than we do. These companies may command a large share in the context of digital advertising, and we anticipate that this
will continue. In addition, there is increasing demand for digital advertising in formats that are dominated by these platforms, particularly
vertical short-form video and streaming, and we may not be able to compete effectively in these formats. The remaining market is subject
to significant competition among publishers and other content providers, as well as audience fragmentation. These dynamics have affected,
and will likely continue to affect, our ability to attract and retain advertisers and to maintain or increase our advertising rates.

Significant disruptions
in our printing and distribution channels, or a significant increase in the costs to print and distribute our print publications, would
have an adverse effect on our operating results.

Our print publications are
printed and distributed under contracts with print and distribution partners worldwide. Our print partners rely on suppliers for deliveries
of paper. The price of paper has historically been volatile, and its availability may be affected by various factors, including supply
chain disruptions, transportation issues, labor shortages or unrest, conversion to paper grades other than paper and other disruptions
that may affect production or deliveries of