Azerion Investor Presentation Deck

Financial update Platform 82 Q2 '22 9.5 8 22.7 13.6 9.1 Q2 '22 100 13 Q2 '23 9.6 23.9 12.7 11.2 Q3 '22 azerion — revenue growth and benefits of consolidation and integration Financial performance 189 155 il 17 10 10.7 Operational performance¹ 32.8 16.1 16.7 H1'22 Q4 '22 12.2 30.0 18.8 11.2 H1'23 Q1 '23 13.0 36.3 20.8 15.6 Q2 '23 Net Revenue ■Adjusted EBITDA Avg. digital Ads Sold per Month (bn) Total Avg. Gross Revenue per million processed Ad Requests Additional formats Previous reported figures Net revenue in Q2 2023 up approximately 21% year on year. Net revenue in H1 2023 up approximately 22% year on year. Adjusted EBTIDA grew by around 68% in Q2 2023 year on year; Adjusted EBTIDA grew by around 71% in H1 2023 year on year - mainly due to net revenue growth and benefits of ongoing efficiency programmes. Average digital ads sold per month increased to 13 bn in Q2 2023 from 9.5 bn in Q2 2022, approximately 37% increase. Average gross revenue per million processed ad requests grew to approximately EUR 36.3, an increase of around 59% year on year. ¹Avg. Gross Revenue per Million processed Ad Requests from advertising auction platform (€). For further details see full text in Q2 H1 2023 Interim Results press release All figures in EURm unless otherwise indicated 28

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