ATEME: SECOND QUARTER AND FIRST HALF 2023 REVENUES – 2023-07-12 at 18:00

• SECOND QUARTER REVENUE DOWN 7%1 DUE TO A HIGH COMPARISON BASE IN 2022
  

• FIRST HALF REVENUE UP 12%1, IN LINE WITH ANNUAL OBJECTIVES
  

• INCREASING DYNAMICS WITH MAJOR CLOUD COMPUTING PLAYERS
  

Unaudited Q2 figures.

Data subject to a limited review by ATEME’s auditors.

Paris, July 12, 2023

– Ateme (ISIN: FR0011992700), a global specialist in video broadcasting, achieved revenue of €20.7 million in the second quarter of 2023, down 10% compared to the same period of the previous financial year (-7% at constant perimeter). This change should be seen in the light of a strong base effect compared to the second quarter of 2022, when revenue increased by 30% at constant scope.

For the first half as a whole, sales were up 12% compared to the previous year, both on a reported basis and on a comparable basis in the absence of any significant exchange rate effect.

• The USA/Canada region generated revenue of €25.5 million, up 40% (39% like-for-like), confirming its status as the Group’s leading market with 53% of revenue biannual.

• Revenue generated by the EMEA region was up 6% (7% constant) at 12.5 million euros. This zone remained the main contributor to the growth of the MRR.

• The Asia-Pacific region recorded revenue of €6.9 million, down 14% (both reported and like-for-like), due to a particularly strong comparison base in 2022 where growth was 68% at constant scope.

• Sales in Latin America were down 36% (same at constant scope) at 3.1 million euros, reflecting a more difficult commercial environment.

Monthly Recurring Revenue (MRR) remained broadly stable at €2.45 ​​million. The significant MRR pipeline for the second half, however, allows Ateme to remain on track to achieve its longer-term objectives of €3M MRR in 2024 and €4M in 2026.

New technological developments

Over the last three months, Ateme has significantly strengthened its positioning in the cloud and Ateme solutions are now available on the marketplaces of the three main cloud providers, Amazon Web Services (AWS), Google Cloud and Microsoft Azure. Ateme hosted on AWS was chosen by Swisscom for the first large-scale DVR (Digital Video Recorder) solution in the public cloud.

Further details are available in the following communications, available on the Ateme website:

• Ateme with AWS Selected by Swisscom for First Large-Scale Cloud DVR in Public Cloud

• Ateme now available on Microsoft Azure Marketplace

• Ateme Completes ISV Workload Migration Program Powered by AWS

• Ateme available on Google Cloud Marketplace

In addition, Ateme has worked to support the transformation and attractiveness of the media and entertainment industry by offering innovative and engaging experiences at the convergence of video, games and social networks, and by enabling a better monetization thanks to the insertion of advertisements.

Further information is available at the following links:

• Ateme and Fraunhofer Join Forces to Deliver Next Generation Audio

• Ateme launches its “Virtual Lounge” solution

• Ateme Wins 2023 BroadcastPro ME Manufacturer Awards for Low Latency DAI Solution

Michel Artières, Chairman and CEO of Ateme, commented: “

Ateme delivered solid revenue in the first half of 2023, and a level of growth in line with objectives. We are enthusiastic about the potential created by the partnerships forged with the three main global cloud providers, as evidenced by the choice of Swisscom which selected Ateme to migrate its Cloud Digital Video Recording (CDVR) platform on AWS, making it the world’s first large-scale virtual digital recorder in a public cloud. The three major cloud players are now represented on our strategic advisory board. »

Next release:

September 28, 2023:

results of 1

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semester 2023

About Ateme

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

Leveraging an R&D working group 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.

Founded in 1991, Ateme has 560 employees located in its head office in France and 20 offices around the world including the United States, Brazil, Argentina, United Kingdom, Spain, Germany, the Arab Emirates United, Singapore, China, Korea and Australia. Ateme has been listed on the Euronext Paris market since 2014 and in November 2020 acquired Anevia, a provider of OTT and IPTV software solutions. In 2022, Ateme served nearly 1,000 customers worldwide with a turnover of 90 million euros, of which more than 90% outside its domestic market.

Label: Ateme – ISIN code: FR0011992700 – Mnemonic: Ateme – Compartment: C

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.

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.

Ateme expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained herein to reflect any changes in events, conditions, assumptions or circumstances on which such statements are based, except as required by law. This document is provided to you for your information only and may not be reproduced or distributed to any other person (whether within your organization or outside) or published, in whole or in part, for any purpose.

1

At constant exchange rates and perimeter

[2]

Alternative performance indicator not subject to review by ATEME’s auditors: monthly recurring revenue is defined as the sum of (1) the monthly revenue from support contracts already signed, (2) the revenue monthly revenue from multi-year license agreements already signed (CAPEX) and (3) monthly revenue from license rental agreements (OPEX).

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