Third quarter 2022 Financial Highlights & 2022 outlook Q3 FY2022 FINANCIAL
PERFORMANCE Total Operating Revenue was $195 million in the third quarter, less than a one-percent YOY decline Total Digital Revenue was $61 million, up 27% YOY Digital-only subscription revenue increased 50% YOY and totaled $11
million Digital-only subscribers increased 49% YOY and now total 501,000 Digital advertising and marketing services revenue increased 27% YOY and totaled $46 million Amplified revenue increased 74.1% YOY totaling $21 million Total Print
Revenue was $134 million in the third quarter, a 10% YOY decline Operating expenses totaled $190 million and Cash Costs(1) were up 1.0% YOY due to: Increases in investments in digital talent and technology tied to our digital growth
strategy and digital cost of goods sold Cycling one-time cost benefits realized in the prior year A partial offset by a reduction in expenses that support our print revenue streams Net income totaled $0.2M and Adjusted EBITDA(1) totaled
$23.0M Initial FY2022 Guidance 495,000 Total Digital Only Subscribers $33M Digital Only Subscription Revenue $175M Digital Advertising & Marketing Services Revenue $95 – 98M Adjusted EBITDA (1) Adjusted EBITDA and Cash Costs are
non-GAAP financial measures. See appendix. Met FY22 Guidance in Q3