Leaf Mobile Reports Third Quarter 2021 Financial Results

Year-to-date revenue growth of 32.1% compared to same period last year
Third Quarter Revenue Increased 3.7% Compared To Same Period Last Year
Year-to-date adjusted EBITDA up 16.5% compared to the same period last year
RuPaul’s Drag Race Superstar Surpasses 1 Million Downloads Since Launch, Reaches Top 100 Highest-grossing Games in 40 Countries on iOS

All figures are as presented under IFRS

Leaf Mobile Inc. (TSX: LEAF) (OTC: LEMLF) (“LEAF” or the “Company”), Canada’s leading free-to-play mobile games group, today announced its financial results for the third quarter ended 30 September 2021. All amounts are expressed in Canadian dollars, unless otherwise indicated, on a basis as published under IFRS.

“We delivered stable results for our third quarter, which is historically our slowest and slowest quarter for the entire mobile gaming industry. This quarter, we also continued to see the global reopening amplify traditional seasonality and the introduction of Apple’s ATT continues to make its way into the mobile marketing ecosystem. In response to this transitional period, we kept our reduced marketing investments in our games at more measured levels until the last month of Q3, as we started increasing user acquisition investments when we started. to see positive signs of ecosystem adaptation across the industry, while continuing to focus resources on our game launch pipeline in the fourth quarter, ”said Darcy taylor , CEO of LEAF.

25 october e marked the first of our launches in the fourth quarter, with the global launch of RuPaul’s Drag Race Superstar . The game has shown promising early results, surpassing one million downloads since its launch and reaching No. 1 in the RPG ranking in 44 countries on iOS, and ranking in the top 10 in 67 countries. The game has averaged 150,000 active users per day since its launch, the highest in our game portfolio, and has reached the top 100 grossing games in 40 countries on iOS. One week after launch RuPaul’s Drag Race Superstar , we launched B-Real Monster Buds with B-Real of Cypress Hill which will be followed in December by a game based on the critically acclaimed, Emmy®-winning comedy, Office , entitled The office: we manage in one way or another and 4 additional titles currently in phased launch, ”continued Mr. Taylor.

Highlights of the third quarter of 2021 as presented under IFRS:

  • The turnover was $ 19.0 million , an increase of 3.8% compared to Q3 2020 sales of $ 18.3 million .
  • Nine-month sales for the year were $ 64.6 million , i.e. an increase of 32.1% compared to the same period in 2020 in the turnover of $ 48.9 million .
  • Adjusted nine-month EBITDA was $ 6.3 million , an increase of 16.5% compared to the same period of 2020 Adjusted EBITDA of $ 5.4 million .
  • Net and aggregate loss of – $ 1.4 million , Where ($ 0.02) on a per common share basis.
  • Announcing the collaboration with Universal Games and Digital Platforms to create The office: we manage in one way or another , mobile game based on the critically acclaimed game Emmy® award-winning NBC comedy, Office , planned to launch this december 2021 .

“We continue to see the benefits of our investments in key areas that drive long-term growth in revenues and margins. We are excited about the fourth quarter of this year as we will see several large IP game launches, ”continued Mr. Taylor. “We will continue to execute our three-pillar strategy of combining accretive acquisitions, organic game growth and distributed growth through our exclusive Game Kit platform license. ”

Important events after the third quarter of 2021:

  • RuPaul’s Drag Race Super star mobile game launched worldwide on 25 october e and topped one million downloads and has averaged over 150,000 daily active users since its launch, reaching the highest daily active users for all of LEAF’s active games. From November 11th e , the game was the # 1 role-playing or simulation game in the iOS App Store in 44 countries and ranked in the top 10 in 67 countries. The game also reached the top 100 highest grossing games in 40 countries on iOS.
  • B-Real Monster Buds in partnership with B-Real of Cypress Hill worldwide launched the November, 1st st . B-Real has more than 1.3 million followers on Instagram and more than 700,000 subscribers to its YouTube channel BREALTV.

“We expect our leading IP ‘Super Marquee’ game titles in the fourth quarter to be a significant change in our game growth potential. We are seeing this shift in intellectual property to North America. , which has fueled our revenues so far, to global intellectual property with the associated global fandoms of Office and RuPaul’s Drag Race attract more players and open up new opportunities for future growth, ”said Darcy taylor .

Certain information provided in this press release is taken from the unaudited condensed consolidated interim financial statements (the “financial statements”) and management’s discussion and analysis (“MD&A”) of the Company for the nine-month period ended. September 30, 2021 and should be read in conjunction with them. It is only in the context of the full information and disclosures contained in the financial statements and MD&A that an investor can properly analyze this information. The financial statements and MD&A can be found under the Company’s Profile on SEDAR and EDGAR.

Webcast and conference call information

The Company will hold a conference call to discuss its performance with the investment community at 2:00 p.m. PST today. The documents relating to the publication of the results are available on the LEAF website at https://leafmobile.io/investors/financial-information/.

Webcast and conference call details:

Webcast URL: https://onlinexperiences.com/Launch/QReg/ShowUUID=CF71C51A-FA74-47AB-B87E-FBE3F460DBB0

Freephone number: +1 (833) 772-0399

International telephone number: +1 (236) 738-2279
Conference number: 8692236

A replay will be available from 6:30 a.m. Pacific Time November 16, 2021 up to December 16, 2021 by dialing +1 (800) 585-8367 or +1 (416) 621-4642 and entering conference ID 8692236.

ABOUT THE SHEET
Leaf Mobile Inc. (TSX: LEAF, OTC: LEMLF) is a leading free-to-play mobile gaming group, creating engaging games that retain gamers. The entrepreneurial culture of our studio groups is rooted in creativity, execution and growth through a diverse portfolio of original and licensed IP mobile games that include: Archer: Danger Phone , Bud Farm Idle Tycoon, Cheech & Chong Bud Farm , The Goldbergs: Back in the 80s , The weather is always nice: the gang is becoming mobile and Trailer Park Boys Grea $ y Money , RuPaul’s Drag Race Superstar and soon available The office: we manage in one way or another .

We are based in Vancouver, Canada and our games are available worldwide on the App Store and Google Play. For more information, please visit: www.leafmobile.io and join our online communities on LinkedIn , Twitter , Facebook , and Instagram .

Additional information about Leaf Mobile Inc. is available at www.sedar.com .

Forward-looking information

Certain statements contained in this press release are forward-looking statements, which reflect management’s expectations regarding the proposed transactions described herein. Forward-looking statements consist of statements which are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties which may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by forward-looking statements will occur or, if they occur, what benefits the Company will derive from them. These forward-looking statements reflect the current opinions of management and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by forward-looking statements, including factors beyond the control of the Company. These forward-looking statements are made as of the date of this press release.

SOURCE Leaf Mobile Inc.

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