Slide 1: FY 2025 Results
MARCH 19, 2026 FY 2025 RESULTS VISIOCONFERENCE
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute or form part of and should not be construed as any offer for sale of or solicitation of any offer to buy any securities of Ateme, nor should it, or any part of it, form the basis of or be relied on in connection with any contract or commitment whatsoe
Slide 3: Speakers
SPEAKERS Michel ARTIÈRES Véronique COULMANN Founder & Chief Executive Officer Chief Financial Officer Degree in Engineering from SUPELEC, PARIS, with Degree from Sup de Co (Poitiers) a specialization in signal processing MBA from Seattle University and telecommunications D.E.S.C.F - Certified Public
Slide 4: Who we are
~~ Whe we are
Slide 5: The Video Delivery Leader
THE VIDEO DELIVERY LEADER Listed since 2014 Ateme enables content providers, service providers and streaming platforms to captivate their audiences with a superior Quality of Experience, so they can boost €95.6m in 2025 viewership engagement, acquire new customers, and unleash new monetization poten
Slide 6: Quickly evolving market: from traditional TV to streaming
QUICKLY EVOLVING MARKET: FROM TRADITIONAL TV TO STREAMING Streaming platforms SVOD, AVOD, virtual video distributor Digital Experience & E-commerce OTT streaming services to multiscreen CDN, cDVR 5G Broadcast Viewers Pay-TV services Contribution Distribution to set-top box Content provider Service P
Slide 7: Ateme unique position with end-to-end stack
ATEME UNIQUE POSITION WITH END-TO-END STACK Broadcast OTT Contribution DVR Storage Ad Insertion Delivery Headend Headend News: Harmonic Announces Pending Sale of Its Video x x x x x x Business to MediaKind x x x x x (December 8, 2025) The merger of two major competitors x x x x x creates an opportun
Slide 8: Ateme engaged in CSR
ATEME ENGAGED IN CSR “ Make the entertainment and video experience captivating, greener, and accessible to everyone ” A CSR policy led by the COO in direct contact with the Executive Committee and fully integrated into the company’s overall strategy Already achieved >>>>>>>>>>>>>>>>>>>>>>>> Commitme
Slide 9: FY 2025 Revenue & Results
FY 2025 Revenue & Results
Slide 10: Quarterly activity
QUARTERLY ACTIVITY €100.0m €93.5m €95.6m €90.6m €78.8m Q4 2025: +8% 30.3 32.8 +11% at constant exchange €70.1m rate & perimeter €66.3m €56.5m Q3 2025: -7% €48.6m 22.4 20.9 -2% at constant exchange rate & perimeter €37.5m €28.6m Q2 2025: +2% 23.0 23.5 +5% at constant exchange rate & perimeter Q1 2025
Slide 11: FY 2025 revenue split and growth by region
FY 2025 REVENUE SPLIT AND GROWTH BY REGION FY 2025 REVENUE FY 2025 REVENUE SPLIT BY REGION GROWTH BY REGION LATAM €10.3m 11% APAC EMEA USA/CAN +18% EMEA +5% €13.9m €43.0m +6% +21% 14% 45% (at constant exchange rate) (at constant exchange rate) LATAM -6% APAC -21% -1% (at constant exchange rate) -18%
Slide 12: Building lasting growth, one recurring dollar at a time
BUILDING LASTING GROWTH, ONE RECURRING DOLLAR AT A TIME Multi-Year investment SaaS and Maintenance MRR, 2,999 subscription in € thousands 2,954 Contracts 2,708 2,712 2,735 2,443 2,470 Monthly Recurring Revenue (MRR) 1,960 1,500 Increased visibility with secured revenues 880 570 Higher resilience in
Slide 13: P&L (1/3)
P&L (1/3) Consolidated data – IFRS In thousands of euros FY 2024 H1 2025 H2 2025 FY 2025 Revenue 93,498 41,948 53,628 95,577 • Margin rate on direct costs: 75.2% of revenue Margin on direct costs 66,833 32,205 39,657 71,863 +7.5% • Sharp increase (+370 bp) due to Margin 71.5% 76.8% 73.9% 75.2% favor
Slide 14: P&L (2/3)
P&L (2/3) Consolidated data – IFRS In thousands of euros FY 2024 H1 2025 H2 2025 FY 2025 Total operating expenses cut by -€3.8 m Gross profit 54,204 25,384 32,839 58,223 in FY 2025 benefiting from forex and cost rationalization efforts undertaken since R&D expenses (23,131) (11,252) (12,189) (23,441
Slide 15: 6-month EBITDA trend
6 - M O N T H E B I T DA T R E N D €7.7m €5.3 m €4.3 m €3.7 m €2.7 m €2.1 m €1.3 m €1.5 m €0.0 m H1 2021 H2 2021 H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 H2 2025 -€4.3 m EBITDA: earnings before interest, tax, depreciation and amortisation. Underlying EBITDA equals Group pre-tax profit
Slide 16: P&L (3/3)
P&L (3/3) Consolidated data – IFRS In thousands of euros FY 2024 H1 2025 H2 2025 FY 2025 Operating profit (3,930) (1,067) 4,976 3,899 Increase in financial expenses due to financing of the 2024 R&D tax in Nov. 2024 Financial loss (1,363) (775) (740) (1,515) (CIR) and factoring at the end of 2024 Fin
Slide 17: Balance sheet
BALANCE SHEET Consolidated data – IFRS In thousands of euros 2024/12/31 2025/12/31 Non-current assets 31,654 30,449 o/w Goodwill 12,886 12,886 o/w Intangible assets 8,130 7,858 o/w Deferred tax assets 1,432 1,274 Success of the policy to reduce inventory: decrease -€2.3 million ASSETS Current assets
Slide 18: Adjusted net financial debt
ADJUSTED NET FIN AN CIAL DEBT Consolidated data – IFRS In thousands of euros 2024/12/31 2025/12/31 Cash & cash equivalents 9,460 5,340 €8.7 m of various bank loans, o/w financial debt over 1 year : €6.7 m Financial debt1 12,958 9,693 o/w bank loans 12,130 8,712 Adjusted net financial debt of €4.4 m
Slide 19: Cash flow statement
CASH FLOW STATEMEN T Consolidated data – IFRS In thousands of euros FY 2024 FY 2025 Working capital evolution impacted Gross cash-flow 1,599 7,689 by changes in trade payables (-) Change in Working Capital 2,313 (1,420) Cash-flow from operations 3,912 6,268 Cash-flow from operations: €6.3 million Ca
Slide 20: Recent business & market news
Recent business & market news
Slide 21: Netflix goes live with Ateme!
NETFLIX GOES LIVE WITH ATEME ! A multi-year agreement with Netflix for the deployment of its TITAN Live transcoder to support live streaming workflows TITAN Live enables real-time, bandwidth-efficient encoding across several codec formats Engineering to maximize video quality (measured by objective
Slide 22: Live events on Netflix: sport, entertainment, awards shows, concerts
LIVE EVENTS ON NETFLIX: SPORT, ENTERTAINMENT, AWARDS SHOWS, CONCERTS,… SPORT SHOWS EVENTS 22
Slide 23: ... and more tomorrow!
… AND MORE TOMORROW ! SPORT 24/7 CHANNELS EVENTS 23
Slide 24: Ateme verified for YouTube Live
ATEME VERIFIED FOR YOUTUBE LIVE Ateme Encoding products & services are now included in YouTube’s Live verified encoders list TITAN meets YouTube’s technical and performance requirements for reliable, high-quality live streaming workflows using SRT contribution TITAN solution notably powers the live
Slide 25: Ateme continues to expand its footprint for live immersive sports
ATEME CONTINUES TO EXPAND ITS FOOTPRINT FOR LIVE IMMERSIVE SPORTS World’s First Live Ultra-High-Resolution Immersive Horse Racing Experience Debuts at Ascot Ultra-high-resolution immersive broadcast of a horse racing event, delivered in real time with unprecedented depth, clarity, and realism Close
Slide 26: Expansion of Ateme Advisory Board
EXPANSION OF ATEME ADVISORY BOARD Mission: help Ateme reinvent the video consumption Anne Schelle Mike Kralec Frank Penning Start Baillie Weidong Mao Sebastian Audoux Sotiris Salamouris Jeff Lowe Pascal Crochemore Anna Lockwood Dave Van Hoy Will Law Andy Beach Chris Blandy Anil Jain Sergey Fedorov 2
Slide 27: Streaming shatters multiple records with 47.5% in December 2025
STREAMING SHATTERS MULTIPLE RECORDS WITH 47.5% IN DECEMBER 2025 4 years Why Ateme technology is relevant to this market Ateme gaining traction with streamers Contribution & distribution encoders Netflix selected Ateme for direct-to-consumer encoding Low latency end-to-end OTT streaming solution, inc
Slide 28: Global memory shortage due to AI datacenters
G LO B A L M E M O RY S H O RTAG E D U E TO A I DATAC E N T E R S Servers lead time up Server prices up X2 Server manufacturers change policies with cancellation rights and price adjustments Consequences : potential for project delays and margin pressure due to component supply constraints 28
Slide 29: Outlook
Outlook
Slide 30: Recipe for profitable growth in 2026 & beyond
R E C I P E F O R P R O F I TA B L E G R O W T H I N 2 0 2 6 & B E YO N D Keep growing Optimizing our efficiency ARR up +2.5 m€ “like-for-like”: 2026 starts with €36 m Convergence of R&D teams (each SW product in ARR, representing 38% of the 2025 revenues had a legacy and a cloud native version) Sev
Slide 31: On track with Ateme's 2027 objectives
ON TRACK WITH ATEME’S 2027 OBJECTIVES 2025 2027 €9.2 million / 9.7% EBITDA margin (vs. € 1.1 million / 1.1% FY 2024) Target: EBITDA • OPEX well-controlled since the company undertook €22 million EBITDA organization and cost optimization initiatives mid-2024 €3 million in January 2026 Target: MRR • d
Slide 32: Join us at Ateme's Tech Day 2026
JOIN US AT ATEME’S TECH DAY 2026 ON MAY 19 TH 2026 TO TALK ABOUT… And more surprises ! 32
Slide 33: Investor Relations
INVESTOR RELATIONS Shareholder structure Stock price (€) 1 year period 10-year period Number of shares : 11,589,964 Potential dilution : 7.3% as of February 2026 Concert Artières 10,6% Mont Blanc Alpen Stock 7,8% Float; 59,6% Proloc 5,9% Otus Capital Market data Financial Calendar 5,8% Positano ISIN
Slide 34: Thank you
AT=Mz THANK YOU Captivate your audience