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Corporate News

CLIQ Digital AG: Quarterly Statement 1Q 2021

6 May 2021

CLIQ Digital kicks off 2021 with once again impressive sales and earnings growth

Quarterly Highlights:

- Total Group sales increase by 49% to €30.1 million

- European gross revenue up 11%

- EBITDA grows to €5.3 million (+142% against PY)

- 18% EBITDA margin (PY: 11%)

- €0.50 EPS (PY: €0.18)

- €4.7 million free cash flow generated (PY: €0.1 million)

In the first quarter 2021 (01/01-31/03/2021), CLIQ Digital generated gross revenue of €30.1 million (PY: €20.2 million). This corresponds to an increase of 49% compared to the first quarter of the prior year. CLIQ grew its market share across all regions and reported increasing member numbers. Notably, European sales grew by 11% on the back of increased own media buying activities across Europe and sales growth in North America remained high at 102% year-on-year. Near the end of the quarter, the All-in-One portals worldwide saw an upgrade in the sports content and the introduction of the games category. In addition, the flagship store in Germany was significantly upgraded with Hollywood blockbusters.

CLIQ Digital"s EBITDA grew by 142% to €5.3 million (PY: €2.2 million). One of CLIQ"s pivotal KPIs for revenue growth is marketing spend, which increased to €9.1 million (+17%, PY: €7.8 million). All in all, the 1Q 2021 EBITDA margin (in per cent of gross revenue) was 18% compared to 11% in last year"s first quarter.

Net result came in 129% higher than in prior year"s first quarter and totalled €3.5 million (PY: €1.5 million). On the back of the acquisition of the remaining shares (20%) in Hype Ventures B.V., which was announced on 28 April 2021 and is effective as of 1 January 2021, the fully diluted EPS was €0.50 in the first quarter 2021 (cf. €0.18 in 1Q 2020).

As at quarter-end closing, the CLIQ-Factor was 1.56x (PY: 1.61x). The CLIQ-Factor is used as a key indicator for measuring the profitability of the new members and represents the ratio of the net revenue divided by the member acquisition cost.

The Customer Base Value (CBV) came in at €36.5 million (PY: €29.0 million) at the end of the first quarter of 2021. The CBV is based upon the number of members multiplied by each individual remaining lifetime net value (adjusted for payment service provider cost).

Balance sheet & Cash flow:

The business development in the first three months resulted in a free cash flow of €4.7 million. This resulted in a cash position of €5.6 million as at 31/03/2021.

Statement from Ben Bos, member of the Management Board:

"2021 kicked off just as we had expected. We significantly upgraded our content offering with games, Hollywood blockbusters and a great sports relaunch. We onboarded amazing new people to drive our business further and faster. And we just signed a minorities" buyout, which will give us about a third more earnings per share and considerably more flexibility. All in all, the year has started in a perfect way to realise our 2021 goals!"

Earnings call details:

Management Board member, Ben Bos, will present CLIQ Digital"s 1Q 2021 financial results during an earnings conference call (audio only) today at 2.00 p.m. CEST, which will be conducted in English.

To attend the call, participants are required to register by clicking on the link below and will then receive personalised dial-in details:

https://us02web.zoom.us/webinar/register/WN_4I51umLtTPC9_9xgQHQJVQ

Management will answer questions submitted via email to investors@cliqdigital.com no later than 60 minutes prior to the call. A recording of the webcast will be available following the call at https://cliqdigital.ag/investors/financials.

Please note:

The 1Q 2021 financials are unaudited and not subject to review. To provide a better overview in the tables, decimal places have been partly omitted. Therefore, rounding differences can occur. In case of doubt, the English version shall prevail.

Financial calendar 2021:

For further information, please contact

CLIQ Digital AG

Investor Relations

Sebastian McCoskrie | Michael Kriszun

Mob.: +49 151 52043659 | +49 151 52207955

Email: s.mccoskrie@cliqdigital.com | m.kriszun@cliqdigital.com

www.cliqdigital.ag/investors

CROSS ALLIANCE communication GmbH (PR adviser)

Susan Hoffmeister

Tel.: +49 89 125 09 03-33

Email: sh@crossalliance.de

www.crossalliance.de

About CLIQ Digital:

CLIQ Digital (www.cliqdigital.com) is a leading digital lifestyle company, which provides streaming entertainment services to consumers worldwide with unlimited access to music, audiobooks, games, sports and movie content. The company has a long-standing and successful history in expert digital marketing and offering niche products for the mass market at competitive prices. CLIQ Digital operates in over 30 countries and employs staff of 100 from 29 different nationalities as at 31 December 2020. The company is a valuable strategic business partner for networks, content producers as well as for publishers and payment service providers. CLIQ Digital is headquartered in Düsseldorf and has offices in Amsterdam, London, Paris, Barcelona and Tequesta, Florida. The company is listed in the Scale segment of the Frankfurt Stock Exchange (ISIN DE000A0HHJR3) and is a constituent of the MSCI World Micro Cap Index.