Expedia Group (EXPE) risk factors: FY2025 10-K

1. We operate in an intensely competitive global environment and we may be unable to compete successfully with our current or future competitors.
2. Declines or disruptions in the travel industry could adversely affect our business and financial performance.
3. Our business depends on our relationships with travel suppliers and other B2B partners.

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1. Our business could be negatively affected by changes in search engine algorithms and dynamics or other traffic-generating arrangements.
2. We rely on the value of our brands, and the costs of maintaining and enhancing our brand awareness are increasing.
3. We are subject to payments-related risks.
4. Payments Regulations.
5. Third-Party Payment Service Providers.
6. Payment Card Networks.
7. We are subject to fraud risks.reworded
8. We work closely with various business partners and rely on third-parties for many systems and services, and therefore could be harmed by their activities.
9. Our international operations involve additional risks and our exposure to these risks will increase as our business expands globally.
10. Acquisitions, investments, divestitures or significant commercial arrangements could result in operating and financial difficulties.
11. We rely on the performance of our employees and, if we are unable to retain, motivate or hire qualified personnel, our business would be harmed.
12. We may not achieve some or all of the expected benefits of our strategic initiatives or our efforts to increase our operational efficiencies, which may adversely affect our business.
13. We are exposed to various counterparty risks.
14. We have foreign exchange risk.

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1. If we fail to adequately maintain or improve our information technology systems, or to adapt them to technological developments and industry trends such as the use of AI and machine learning, our business and operations could be adversely affected.rewordedAI
2. Our use of AI technologies in our products, services and operations present significant risks that could materially harm our business, reputation and financial performance.newAI
3. System interruption, security breaches and unplanned outages in our information systems, or those of third-party providers on which we rely, may harm our businesses.rewordedCybersecurity
4. We process, store and use customer, supplier and employee personal, financial and other data, which subjects us to risks stemming from possible failure to comply with governmental regulation and other legal obligations, as well as litigation and reputational risks associated with the failure to protect such data from unauthorized use, theft or destruction.
5. We are subject to privacy regulations, and compliance with these regulations could impose significant compliance burdens.

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1. Our alternative accommodations business is subject to significant and evolving regulatory and legal risks, which could have a material adverse effect on our operations and financial results.reworded
2. A failure to comply with current laws, rules, and regulations or changes to such laws, rules and regulations and other legal uncertainties may adversely affect our business, financial performance, results of operations or business growth.
3. Application of existing tax laws, rules, or regulations are subject to interpretation by taxing authorities.
4. We could be subject to changes in tax rates, the adoption of new U.S. or international tax legislation, or exposure to additional tax liabilities.
5. We are involved in various legal proceedings and may experience unfavorable outcomes, which could adversely affect our business and financial condition.
6. We cannot be sure that our intellectual property and proprietary information is protected from all forms of copying or use by others, including potential competitors.

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1. We may experience constraints in our liquidity due to factors out of our control and may be unable to access capital when necessary or desirable, either of which could harm our financial position.
2. Our indebtedness could adversely affect our business and financial condition.

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1. Mr. Diller may be deemed to beneficially own shares representing approximately 32% of the outstanding voting power of Expedia Group.reworded
2. Actual or potential conflicts of interest may develop between Expedia Group management and directors, on the one hand, and the management and directors of IAC, on the other.
3. Increased focus on our environmental, social, and governance ("ESG") responsibilities have and will likely continue to result in additional costs and risks, and may adversely impact our reputation, employee retention, and willingness of customers and partners to do business with us.
4. Climate change may have an adverse impact on our business.

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1. Our stock price is highly volatile.

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Headings in the FY2024 10-K with no match this year.

1. Online travel agencies and alternative accommodations providers.
2. Travel suppliers.
3. Search engines and large online portal websites.
4. Travel metasearch websites.
5. Corporate travel management service providers.
6. Mobile and other platform travel applications.
7. Applications and social media websites.
8. eCommerce and group buying websites.
9. B2B businesses.
10. Other participants in the travel industry.