ad pepper media International N.V. announces results for the first quarter
of 2024

EQS-Ad-hoc: ad pepper media International N.V. / Key word(s): Quarter
Results/Preliminary Results
ad pepper media International N.V. announces results for the first quarter
of 2024

16-Apr-2024 / 13:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Nuremberg, Amsterdam, 16 April 2024

Today, ad pepper media International N.V., one of the leading European
performance marketing companies, released its results for the first quarter
of 2024. The Group generated gross sales of EUR 20,772k (Q1 2023: EUR
19,593k) and revenue of EUR 5,176k (Q1 2023: EUR 5,099k), corresponding to
an increase of 6 percent and around 2 percent, respectively.

The Webgains segment generated revenue of EUR 2,957k in the quarter under
review (Q1 2023: EUR 2,826k), while ad agents achieved revenue of EUR 1,756k
(Q1 2023: EUR 1,742k) and the ad pepper segment reached EUR 463k (Q1 2023:
EUR 531k).

Group EBITDA improved considerably in Q1 2024 to EUR 221k (Q1 2023: EUR
-328k). The segment EBITDAs for the first quarter of 2024 were as follows:
Driven by revenue growth and a significantly reduced cost base, Webgains
more than tripled its EBITDA to EUR 631k (Q1 2023: EUR 189k). The
performance of the ad agents segment was also very positive with an EBITDA
increase to EUR 191k (Q1 2023: EUR -97k). The ad pepper segment achieved
EBITDA of EUR -13k (Q1 2023: EUR 1k).

The report for first quarter of 2024 will be published on 24 May 2024.

Key figures (unaudited) in EURk:

                             Q1      Q1
                            2024    2023
     Gross sales           20,772    19,593
     % growth                 6.0
     Revenue                5,176     5,099
     % growth                 1.5
     of which ad pepper       463       531
     % growth               -12.9
     of which ad agents     1,756     1,742
     % growth                 0.8
     of which Webgains      2,957     2,826
     % growth                 4.6
     EBITDA                   221      -328
     of which ad pepper       -13         1
     of which ad agents       191       -97
     of which Webgains        631       189
     of which admin          -589      -421
     Liquid funds*         22,537    21,297

*including securities at fair value

For more information:

Dr Jens Körner (CEO)

ad pepper media International N.V.

+49 (0) 911 929057-0

ir@adpepper.com


End of Inside Information

---------------------------------------------------------------------------

16-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        ad pepper media International N.V.
                   Frankenstrasse 150 C
                   90461 Nuremberg
                   Germany
   Phone:          +49 911 9290570
   Fax:            +49 911 929057-157
   E-mail:         ir@adpepper.com
   Internet:       www.adpeppergroup.com
   ISIN:           NL0000238145
   WKN:            940883
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1881701

End of Announcement EQS News Service
---------------------------------------------------------------------------

1881701 16-Apr-2024 CET/CEST