Ateme: FIRST QUARTER 2022 REVENUES

• REVENUES OF 19.8 MILLION EUROS, UP 34% (28% ON A COMPARABLE BASIS¹)
• UPGRADE OF FINANCIAL OBJECTIVES FOR THE CURRENT YEAR
• CREATION OF A STRATEGIC ADVISORY COMMITTEE

+28%

Following the disposal of the “Hospitality and Businesses” business, the accounts have been prepared in accordance with the provisions of IFRS 5, which deals with discontinued operations. Unaudited T1 figures.

• Paris, May 5, 2022^{– Ateme (ISIN: FR0011992700) generated revenue of €19.8 million in the first quarter of 2022, up 34% at current scope and 28% on a like-for-like basis.} Revenue in the EMEA region remained almost stable at €6.07 million (down 1% year-on-year and 2% on a like-for-like basis), despite a difficult comparison base in given the 77% growth recorded on the 1
• er
• quarter 2021.
• The United States/Canada region generated revenue of €7.26 million, up 37% (28% on a like-for-like basis), making it the predominant market with 37% of revenue. total business.

Sales in Latin America increased by 21% to €2.09 million and by 14% on a comparable basis.

The Asia-Pacific region achieved a remarkable growth of 170% (153% on a comparable basis) with a turnover of 4.4 million euros and a significant contribution from most of the countries in which Ateme operates, in particular Australia, China, India, Korea, Malaysia, Singapore and Vietnam.

Monthly recurring revenue (MRR) increased from €1,960 k in January 2022 to €2,011 k in April 2022. This increase is limited, as it had been in the first quarter of 2021, due to seasonal factors, the first quarter usually being the least active of the financial year.

The return of trade shows

After a two-year hiatus, the NAB Show, the industry’s benchmark show, reopened its doors last week in Las Vegas. While overall trade show attendance was around 60% of pre-COVID levels, visits to the Ateme stand were very strong, at almost 90% of previous years’ level.

• This was an opportunity for Ateme to demonstrate, for the first time, the potential of its end-to-end OTT delivery solution Titan + Nea, and to generate strong interest from key players in the United States, current customers. and prospects.
• Highlights include:
• Low-latency OTT streaming in the cloud allowing streaming platforms to improve the quality of experience of their subscribers;
• Monetization through dynamic ad insertion for OTT streaming and NextGenTV; latest standard for terrestrial TV reaching 400 million people across the United States;

5G streaming for a more engaging spectator experience in stadiums;

Reduced carbon footprint of the end-to-end video chain thanks to the innovation of compression, streaming and distribution solutions.

First meeting of the Strategic Advisory Committee

Ateme held the first meeting of its Strategic Advisory Committee. The newly constituted membership includes representatives from Comcast, Discovery, Liberty Global, Microsoft Azure and Pearl TV and is expected to welcome new members to be announced in the coming months.

The Strategic Advisory Committee acts as an external advisor to the management of Ateme and its Board of Directors. Its mission: to help the company anticipate and address the needs of a rapidly changing industry by reflecting on the way content is and will be distributed and consumed, in a context where radical changes are expected as the boundaries between distribution video, player networks and social networks are continuing their convergence.

Raising financial targets for the current year The strength of the end of the 2021 financial year, the strong growth of the first quarter and the ripple effect of the NAB Show lead Ateme to revise its financial objectives upwards. The Group now expects revenue growth of 15-20% (on a like-for-like basis) for the current financial year (compared to previously announced growth of 10-15%) and EBITDA close to 10 million euros. euros (against a range of 5 to 10 million euros beforehand). We maintain our objective of 3 million euros in monthly recurring revenue in 2024.

Michel Artières, Chairman and CEO of Ateme, commented:

“2022 is off to a great start. Eighteen months after the acquisition of Anevia, the demonstration of the powerful combination of our end-to-end video streaming technologies has begun, which leads us to revise our objectives for the year upwards. We anticipate the future stages of Ateme’s growth and look forward to the launch of our Strategic Advisory Board. » Upcoming events:

July 12, 2022:

second-quarter 2022 revenue

About Ateme:

Ateme is a global leader in video compression and delivery solutions helping content providers, service providers and streaming platforms increase audience and subscriber engagement.

Leveraging an R&D workgroup unique in the video industry, Ateme’s solutions enable sustainable TV services, improve end-user quality of experience, optimize total cost of service acquisition TV / VOD and generate new sources of revenue based on personalization and advertising insertion. Beyond technological agility, Ateme’s value proposition is to partner with its customers by offering them great flexibility in engagement and business models that match their financial priorities. One consequence is a rapid shift to recurring revenue, building business resilience and creating long-term shareholder value.

Such. : +33 (0)1 53 67 36 93

[email protected]

DISCLAIMER

This press release does not constitute, form part of, or be construed as an offer to sell or a solicitation of an offer to buy securities of Ateme. Further, neither this announcement, nor any part thereof, shall be relied upon or relied upon in connection with any contract or undertaking of any kind relating to the property, business or actions of Ateme. .

All statements other than historical facts contained herein, including without limitation those regarding Ateme’s condition, business strategy, business plans and objectives are forward-looking statements.

[1]Forward-looking statements are included herein for illustrative purposes only. They are based on management’s current views and assumptions. These forward-looking statements involve known and unknown risks. For illustrative purposes only, these risks include, but are not limited to, the impact of external events on customers and suppliers; the effects of competing technologies, as well as competition generally in major markets; the profitability of the expansion strategy; litigation ; the ability to establish and maintain strategic relationships within large companies and the effect of future acquisitions and investments.

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