Slide 1: 1Q22 Financial Update
1Q22 Financial Update MAY 2022
Slide 2: Legal Disclaimer
1Q22 | Financial Update Legal Disclaimer Forward-Looking Information This Presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future eve
Slide 3: 1Q22 Financial Summary
1Q22 | Financial Update 1Q22 Financial Summary Revenue Adjusted EBITDA1 $276 In $ Millions In $ Millions and As % Revenue $793 $221 $727 44% $669 $210 $191 $184 $604 33% $131 28% 28% $793 26% $727 $669 $604 $625 22% 1Q21 2Q21 3Q21 4Q21 1Q22 1Q21 2Q21 3Q21 4Q21 1Q22 Non-recurring publisher bonuses re
Slide 4: Software Platform Business Highlights
1Q22 | Financial Update 1Q22 Software Platform Business Highlights SPEC1 and Net Dollar Software Platform Based Revenue Retention2 In $ Millions In $ Millions 258% 255% 204% 137% $210 190% 519 142% +28% 449 461 481 Q/Q 366 $247 193 +33% Q/Q 1Q21 2Q21 3Q21 4Q21 1Q22 +40% $193 Q/Q3 ---- Excludes impac
Slide 5: Updated Financial Outlook
1Q22 | Financial Update Updated Financial Outlook Software Platform Adjusted EBITDA1 Revenue In $ Millions Full-Year 2022 Updated ~10x $1,200 In $ Millions Expected Non-recurring publisher Increase Software $1.140 - $1.290 Billion bonuses recorded in +65% Platform $2,000 contra revenue Y/Y Apps $2.0
Slide 6: Appendix
Appendix
Slide 7: Non-GAAP Financial Metrics
1Q22 | Financial Update Non-GAAP Financial Metrics To supplement our financial information presented in accordance with generally accepted accounting principles in the United States (“GAAP”), this presentation includes certain financial measures that are not prepared in accordance with GAAP, includi
Slide 8: Reconciliation of Net Income (Loss) to Adjusted EBITDA
1Q22 | Financial Update Reconciliation of Net Income (Loss) to Adjusted EBITDA In $ Millions ($ in millions)(1) 1Q22 4Q21 3Q21 2Q21 1Q21 2021 2020 2019 Revenue 603.9 2,739.1 994.1 Net income/(loss) (10.6) 35.3 119.0 Interest expense and loss on settlement of debt, net 32.0 30.4 18.8 19.0 35.0 103.2