Quarterly statement Q1 2025

‌Dear ladies and gentlemen, dear shareholders,

the bet-at-home.com AG Group has started the year with a good set of financial results. The gross betting and gaming revenues grew in the first quarter 2025 by 15.2% year-on-year to EUR 13,522 thousand. This growth is attributable to the positive development of the both online sports betting and online gaming business areas.

Personnel expenses remained relatively stable year-on-year and amounted to EUR 2,049 thousand. Marketing investments in the strengthening of the "bet-at-home" brand, acquisition of new customers and reactivation of existing customers increased by 7.0% compared to the same period of last year to 4,848 thousand. Other operating expenses of EUR 3,089 thousand were 18.9% above the last year's level. This increase is attributable to the outsourcing to EveryMatrix and the payment of the monthly fee based on the NGR (net betting and gaming revenues).

EBITDA before special items was significantly higher than in the first quarter 2024 and stood at EUR 1,600 thousand.

Cash and cash equivalents within the bet-at-home.com AG Group amounted to EUR 28,662 thousand as of 31 March 2025.

In the current financial year 2025, the Group's focus remains on increasing customer satisfaction, optimizing efficient and scalable internal processes, continuously strengthening the "bet-at-home" brand in the core markets of Germany and Austria, and proactively addressing legal and regulatory changes. The dominance of sports betting in the product portfolio is expected to lead this year to increased seasonal fluctuations, as no major, revenue-relevant, off-season sporting event will take place.

Further regulatory adjustments are to be expected in Germany, in particular expansions of the range of betting options eligible for approval and additional requirements for the system for increasing customer deposit limits. In Austria, the National Council approved on March 7, 2025 an increase in the betting tax from 2% to 5%, effective April 1, 2025. This short-term and significant adjustment to the betting fee will result in a significant burden on net betting and gaming revenues year-on-year.

The bet-at-home.com AG Group will consistently pursue its strategic direction in order to position itself as a leading provider in its core markets in the long term and at the same time adapt flexibly to regulatory changes.

Marco Falchetto CEO

‌Composition of revenues

* includes online slots

* includes online slots

• ‌Gross betting and gaming revenues amounted to EUR 13,522 thousand that is 15.2% above the previous year's level. This is attributed to the positive performance of the both online sports betting and online gaming business areas. The result was achieved through extensive initiatives, including the development of the customer loyalty program and marketing measures.

• Personnel expenses remained relatively stable year-on-year and amounted to EUR 2,049 thousand.

• Marketing expenses increased by 7.0% year-on-year to EUR 4,848 thousand, due to enhanced bonus campaigns.

• Other operating expenses grew by 18.9% year-on-year to EUR 3,089 thousand. The increase is attributed to the outsourcing to EveryMatrix and the payment of the monthly fee based on the NGR (net betting and gaming revenues).

• EBITDA before special items* in the first quarter 2025 was significantly higher than in the previous year and amounted to EUR 1,600 thousand.

*) For the definition of the non-IFRS performance indicator "EBITDA before special items" please refer to Section V.5 ("Other financial information - EBITDA before special items as an alternative performance indicator") of the Notes of financial statements for FY 2024.

‌Development of cash & cash equivalents and Group equity

• The Group's consolidated equity as of 31 March 2025 totalled EUR 23,879 thousand (31 December 2024: EUR 22,992 thousand).

  Group equity 23,879 22,992

• The equity ratio as of 31 March 2025 stood at 45.0% (31.12.2024: 43.6%), due to an increase in equity resulting from the total comprehensive income in the first quarter 2025 in the amount of EUR 887 thousand.

• Cash and cash equivalents within the bet-at-home.com AG Group amounted to EUR 28,662 thousand as of 31 March 2025 (31.12.2024: EUR 29,746 thousand).

  In 2024, an amount of EUR 5,180 thousand was reclassified to other assets. It represents pledged funds in favour of a bank guarantee, which was provided to GGL as security within the meaning of Section 4c (3) of GlüStV 2021. These funds are subject to restrictions on disposal and are not available in the short term. The previous year's figures have been adjusted accordingly.

  ‌Outlook for the current Financial Year 2025

  Due to numerous significant uncertainties that could impact the company's business performance, the Management Board of the bet-at-home.com AG Group currently expects for the 2025 fiscal year an expanded range of key performance indicators as follows:

  • Gross betting and gaming revenues: EUR 46,000 thousand to EUR 54,000 thousand

  • EBITDA before special items: EUR 0 thousand to EUR 4,000 thousand

Investor Relations

ir@bet-at-home.com

+49 211 545 598 77

https://www.bet-at-home.ag

‌This presentation is for information purposes only and contains written documentation or slides for a presentation on bet-at-home.com AG ("the company") and its operations. This presentation does not constitute a solicitation or offer to sell, purchase or subscribe to shares in the company. The information and opinions expressed therein do not form the basis of any contract or investment decision.

This presentation contains forward-looking statements, that means statements which are not historical facts, including statements about the beliefs and expectations of the company and the company's objectives in regards to the future development of the business. These statements are based on current plans, estimates as well as projections and therefore should not be excessively evaluated by investors. Forward-looking statements are only relevant as of the date in which they are made and the company is not obliged to make such statements in terms of new information, future developments up to the latest date and publish revised statements.

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