We asked how repeated media reports on technological hazards influence an individual’s risk perception. We looked for two contradictory effects, an increasing effect of repetition on perceived risk with the first few repetitions and a decreasing effect with later repetitions, leading to the inverted U-shaped pattern. In an experiment, we demonstrated the inverted U-shaped relationship between the repetition and perceived risk in the context of food risk. The finding broadens the range of mere-exposure effects and indicates that exposure to risk information can be a double-edged sword, which brings either an increasing or a decreasing perceived risk.