Investor Presentation 2020 SSIC

T Comps Highly Compelling Valuation Relative to Larger Peers 9/14/20 Symbol Price FD SO* Mkt Cap Cash* ATVI $ 78.81 776.0 $ 61,157 $ TTWO S 156.39 115.0 $ 17,978 $ EA $ 126.29 292.0 $ 36,877 $ 6,338 $ 2,285 $ 5,960 $ TAPINATOR SCPL $ 14.14 126.3 $ 1,785 $ 156 $ GLUU $ 7.04 156.6 $ 1,102 $ 283 $ ZNGA S 8.36 956.9 $ 7,999 $ TAPM S 3.42 0.550 $ 1.9 $ 1,556 $ 0.1 $ Debt 2,676 $ 181 $ 1,234 $ 6 $ 41 $ 721 $ 0.3 $ Ent Value 2018 416 $ Revenues 2019E* 2020E* 57,495 $ 7,262 $ 6,388 $ 7,795 15,874 $ 2,852 $ 2,749 $ 3,231 32,151 $ 4,835 $ 1,636 $ EV/Sales Revs Growth % EV/Revs/Growth 2018 2019E 2020E 2019 2020 2019 2020 7.9 x 9.0 x 7.4 x -12.0% 22.0% NM 33.5 x 5.6 x 5.8 x 4.9 x -3.6% 17.5% NM NM 5,362 $ 5,933 6.6x 6.0 x 5.4 x 10.9% 10.7% 55.0 x NM 466 $ 563 3.9 x 3.5 x 2.9 x 11.9% 20.8% 29.5 x 14.0 x 861 $ 385 $ 426 $ 530 2.2 x 2.0 x 1.6 x 10.1% 25.2% 20.2 x 6.5 x 7,164 $ 2.0 $ 970 $ 2.9 $ 1,564 $ 3.8 2,218 7.4 x 4.6 x 3.2 x 61.3% 41.8% 7.5 x 7.7 x NA 0.7 x 0.5 x NA 30.9% NA 1.7 x NA (*Source: Bloomberg consensus estimates, Company filings) Average TAPM TAPM % vs Average US Mobile Gaming Comps: EV/2019 Sales 4.9 x 4.5 x 4.2 x 22.8 x 0.7 x 0.5 x NA 1.7 x 14.4% 12.0% NA 7.7% US Mobile Gaming Comps: EV/2019 Sales / Growth 10 x 9.0 x 9x 60 x 55.0 x 50 x 8 x 7 x 6.0 x 5.8 x 6 x 40 x 29.5 x 4.6 x 30 x 5x 4 x 3.5 x 20.2 x 20 x 3 x 2.0 x 2 x 10 x 0.5 x 7.5x 1.7 x 1x 0x 0x ATVI TTWO EA SCPL GLUU ZNGA TAPM EA SCPL GLUU ZNGA TAPM 23 23

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