Meltwater reports Q4 and Full Year 2022 Results

28 Feb 2023 16:30 CET

Meltwater reports Q4 and Full Year 2022 Results

● Q4 2022 revenue increased to $111m
● Full year 2022 revenue increased to $439m, up 9% year-over-year
● Q4 Adjusted EBITDA margin was 11.5%
● Full year 2022 Adjusted EBITDA margin was 8.2%

Oslo, 28 February 2023: Meltwater (ticker: MWTR) has announced financial results
for the fourth quarter and year ended 31 December 2022.

Fourth Quarter 2022 Financial Summary Results

● Fourth quarter total revenue increased to $111m, representing growth of 4%
year-over-year. Adjusting for constant currency, revenue grew 11%
year-over-year.
● Fourth quarter Adjusted EBITDA improved to $12.7m, or 11.5% of revenue.
● Fourth quarter cash flow from operations increased to $15.4m, compared to
$3.3m in Q4 2021.

Full Year 2022 Financial Summary Results

● Full year 2022 total revenue increased to $439m, representing growth of 9%
year-over-year. Adjusting for constant currency, revenue grew 15%
year-over-year.
● Full year Adjusted EBITDA was $35.9m, or 8.2% of revenue.
● Full year cash flow from operations increased to $33.7m, compared to $7.1m in
2021.

“In the fourth quarter, we continued to drive bottom line improvements while
delivering profitable growth, despite a challenging macro environment. We remain
focused on maximizing shareholder value as we embark on our new journey with
Marlin Equity Partners and Altor. Together, we expect to strengthen Meltwater’s
market position and execute our vision to be a global leader in digital and
social media monitoring and intelligence,” said John Box, Meltwater CEO.

Conference Call and Earnings Presentation

As communicated earlier, given the intended voluntary offer from MW Investment
B.V. to acquire all shares of Meltwater, announced to the market on 18 January
2023, the company will not host an earnings conference call or provide financial
guidance in conjunction with our fourth quarter and full year 2022 earnings
release.

Please find enclosed the interim report for the fourth quarter 2022.

For further information, please contact:

Brinlea Johnson (Investor Relations and Media Contact New York)
ir@meltwater.com

Elise Heidenreich (Investor Relations and Media Contact Oslo)
eh@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 in Oslo, 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 considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

583890_Meltwater Q4 2022 Earnings Report.pdf