Azerion Results Presentation Deck

Financial performance Platform set to harvest benefits of scale 12 10 8 6 Im 4 2 0 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 101 12 Operational performance Q4 21 azerion Financial performance 125 17 Q4 22 20 15 10 LO 5 0 u 364 235 27 FY 21 35 FY 22 All figures in EURm unless otherwise indicated Ads sold Publisher monet. Services (bn) Ads sold Advert. auction plat. (bn) -Gross rev per ad requests (EUR) - RHS Net rev (EURm) Adj EBITDA (EURm) Advertising auction platform boosted by increased local direct sales as well as improved integration with top 10 DSPs Steep increase in gross revenue per ad requests, demonstrating ad efficiency and profitability, despite the continued challenging macro-economic environment Record revenue driven by acquisitions and organic growth Improvements in Adjusted EBITDA margins demonstrating increased platform efficiency and benefits of scale 11

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