MELTWATER N.V. Meltwater Reports First Quarter 2023 Financial Results - Q1 2023 revenue increased to$111.0m - ARR grew in Q1 2023 to$459.2m , up 7% year-over-year - Q1 2023 Gross margin of 76.8%Oslo ,31 May 2023 : Meltwater (ticker: MWTR) has announced financial results for the first quarter ended31 March 2023 . The results are in line with the preliminary and unaudited update on Q1 2023 published on26 April 2023 . First Quarter 2023 Financial Summary Results Q1 2023 revenue of$111.0m , up 2% YoY. On a constant currency basis, Q1 revenue would have been$4.2m higher at$115.2m , up 5% year-over-year. Q1 2023 Adjusted EBITDA: Adjusted EBITDA for the first quarter 2023 was$3.8m , or 3.4% of revenue. Gross margin in the first quarter of 2023 increased to 76.8%, compared to 74.5% in Q1 2022 and shows continued improvement. Positive cash flow from operations: First quarter 2023 generated$4.8m positive cash flow from operations. Cash balance as of31 March 2023 was$31.9m . Q1 2023 Business Highlights Product Highlights Social Media Management - New Team Performance Dashboard to easily track, measure, and trend Social team activity and conversations across all social channels. This allows Social & Marketing teams to ensure they are meeting KPIs and working towards community growth and engagement. Media & Social Intelligence - New Custom Dashboards, a simple and intuitive experience for users to build dashboards measuring perception of a brand, campaign, or initiative, across 28 earned-media analytics. For the first time, users can track results across news, social and broadcast content, incorporating insights from across the Meltwater product suite. Social Listening - Now showing Twitter Views and Media Views, giving teams more engagement data on the total number of times a Tweet has been viewed, and number of times media has been viewed within a Tweet. Meltwater is the first social listening product in the industry to be able to provide this. Company Highlights Announced a new global partnership with Red Havas, the global merged media agency micronetwork to become preferred partners on a global level. Red Havas is using Meltwater solutions in their work with clients around the world, and managing media relations and executive thought leadership for Meltwater. Maintained #1 position in G2 rankings for Media Monitoring, PR Analytics, and Media & Influencer Targeting. G2 is the world's leading B2B technology review platform, and Meltwater was ranked based on high levels of buyer satisfaction and ratings from actual Meltwater users. Won new Comparably awards for Best Global Culture, Best Sales Teams and Best Company Outlook, highlighting employee satisfaction across a variety of factors including competitive compensation, clear goals, work-life balance, and a general excitement working for their organizations. Confirming Status of Voluntary Offer On30 May 2023 ,MW Investment B.V. (the "Offeror") announced the final results of its voluntary offer (the "Offer") to acquire all the shares inMeltwater N.V. As per the announcement, the Offeror (together with its affiliates) owns, or has, through acceptances from shareholders, the pre-acceptances to the Offer fromFountain Venture AS and Fountain V B.V. , andAltor Fund III's current holding of shares in Meltwater through its portfolio companyBig Data Holding Ltd , rights to, in total 267,858,843 shares in Meltwater (which for the avoidance of doubt, includes (i) Meltwater shares directly or indirectly held by the Offeror or any of its affiliates, (ii) Meltwater shares committed in writing to the Offeror, or any of its affiliates, but not tendered and (iii) Meltwater shares to which the Offeror is otherwise entitled, and such acceptances not being subject to any third party consents in respect of pledges or other rights), representing in total approximately 89% of the issued and outstanding share capital, excluding treasury shares held by theMeltwater Group . The condition for closing of the Offer relating to minimum acceptance level has thus been satisfied. Completion of the Offer remains subject to the fulfillment or waiver by the Offeror of the remaining closing conditions, as set out in section 3.3.4 of the offer document, other than the "Minimum acceptance" condition. Conference Call and Earnings Presentation The company will not host an earnings conference call or provide financial guidance in conjunction with our first quarter 2023 earnings release due to the pending transaction withMW Investment B.V. Please find enclosed the interim report for the first quarter. For further information, please contact:Elise Heidenreich (Investor Relations and Media Contact Oslo) eh@meltwater.com Brinlea Johnson (Investor Relations and Media Contact New York) ir@meltwater.com About Meltwater Meltwater provides social and media intelligence. By examining millions of posts each day from social media platforms, blogs and news sites, Meltwater helps companies make better, more informed decisions based on insight from the outside. The company was founded inOslo, Norway , in 2001 and now has 50 offices across six continents. The company has ~2,300 employees and 27,000 corporate customers, including industry leaders in several sectors. Learn more at meltwater.com. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Thisstock exchange announcement was published byElise Heidenreich , Investor Relations atMeltwater N.V. , on31 May 2023 at16:30 CEST .
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