Risk Factors Update Summary

• Increased complexity and costs due to new state privacy laws taking effect between 2024 and 2026.
• Conflicts in Ukraine and Israel could cause unpredictable economic effects in Europe and EMEA.
• Addition of multiple state privacy laws like the Colorado Privacy Act and the Virginia Consumer Data Protection Act.
• Changes in tax laws, including the Tax Cuts and Jobs Act of 2017, impacting tax rates and deductions.
• Increased tax obligations due to the introduction of a 15% global minimum tax standard.
• Reductions in overall advertising spending due to these conflicts may impact revenue growth.
• Increased share repurchase program from $75.0 million to $175.0 million.
• Potential impact on tax obligations due to changes in U.S. federal, state, and local taxes.
• Potential impact on financial position due to changes in taxation of international business activities.
• Ownership of approximately 67% of the voting power by directors, officers, and affiliates.
• Dependence on a small number of premium publishers and channel partners for impressions.
• Risk related to data privacy regulations, including the California Consumer Privacy Act (CCPA).
• Introduction of the California Privacy Protection Agency under the CPRA.
• Potential impact of the CCPA and CPRA on operations and financial condition.