Angler Gaming plc: Interim Report for 3rd Quarter 2022

22,6% sequential quarterly revenue growth and positive EBIT of €740,675 in Q3

Key Facts for the 3^rd Quarter 2022 (1^st July 2022 – 30^th September 2022)

All figures are compared to the same quarter last year if not explicitly stated otherwise

• Revenues decreased by 16.16% to €8,495,464 (€10,132,959)
• EBIT of €740,675 (€2,112,089)
• EBIT margin of 8.72% (20.84%)
• Customer deposits decreased by 23.94% to €16,690,028 (€21,941,853)
• 50,684 new registered customers (54,046), decrease of 6.22%.
• 13,562 new depositing customers (19,584), decrease of 30.75%.
• Earnings per share of €0.0038 (€0.0267).

• Premiergaming Ltd, the Group’s subsidiary focusing on Northern Europe, represented 12.3% of the Group’s revenues in Q3 2022.

Trading update Q4 2022

The trading update is an indication how the fourth quarter has started, it is not a revenue forecast for the quarter.

The average daily revenue for the first 39 days in Q4 2022 is 1% higher compared to the average daily revenue in Q3 2022. The revenue for the first 39 days in Q4 2022 is 2% lower compared to the first 39 days in Q4 2021.

Events during Q3

• During the quarter the Group continued to terminate non-profitable affiliate partnerships affecting the revenues in the quarter.

• In August, the Group’s venture in the field of affiliate marketing for South American markets, where the Group owns 80% and the local party owns 20%, started to show increase in casino customer registrations. The depositing casino customers and revenues continue to grow although from low levels.

Events after the quarter

• The Group’s affiliate venture building of the second product towards the acquisition of South American sportsbook customers is on track to be launch for the 2022 Soccer World Cup.

• The two B-to-B partnerships signed during H1 2022, as announced earlier, are now expected to be launched and start generating revenues in December Q4 2022 and mid Q1 2023 respectively.

Key Facts for 1^st January 2022 – 30^th September 2022

All figures are compared to the same period 2021 if not explicitly stated otherwise

• Revenues decreased by 31.09% to €23,283,328 (€33,785,632).
• EBIT of €505,121 (€7,814,514).
• EBIT margin of 2.17% (23.13%).
• Customer deposits decreased by 31.91% to €49,129,711 (€72,156,618).
• 17.81.% increase in new registered customers to 216,577 (183,830).
• 41,091 new depositing customers (67,379), decrease of 39.02%.
• Negative earnings per share of -€0.0122 (€0.0963).