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Investor Presentaiton

sea connecting the dots Reconciliation Between GAAP and Non-GAAP EBITDA Note: Financial figures are unaudited. US$ Thousands Digital Entertainment 4Q 2021 4Q 2022 FY 2021 FY 2022 Operating income/(loss) Net effect of changes in deferred revenue & its related cost Depreciation and amortization Impairment of goodwill Digital Entertainment Adjusted EBITDA 602,565 858,831 400,165 (266,399) (331,321) 10,133 11,726 177,663 258,233 2,500,081 1,971,416 240,109 (879,809) 35,767 43,821 177,663 2,775,957 1,313,091 E-commerce Operating income/(loss) Depreciation and amortization E-commerce Adjusted EBITDA (941,028) 109,486 (2,766,566) (2,013,360) 63,291 86,660 212,345 322,806 (877,737) 196,146 (2,554,221) (1,690,554) Digital Financial Services Operating income/(loss) Depreciation and amortization (157,647) 7,834 61,841 13,760 Digital Financial Services Adjusted EBITDA (149,813) 75,601 (640,422) (277,264) 23,498 (616,924) 48,704 (228,560) Sea 4Q 2022 & FY 2022 Results | 13
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