Press Release: 2023 MID-YEAR RESULTS

Strong growth in sales: +27%

Strong growth in net profit: +63%

Confirmation of 2023 sales target of €5.9m

Lisbon (Portugal) – 30 August 2023 – 8.45 a.m: Samba Digital (ISIN PTDGL0AM0003, ticker symbol MLSMB), a global player in sports marketing, announces sustained growth in their mid-year sales report and a strong increase in profitability.

The mid-year accounts for 2023 approved by the Board of Directors of Samba Digital SGPS (Portugal) are as follows:

Very good business trends

Samba Digital posted sales of €2.51M in the first half of 2023, up a strong 27% on the same period last year. Organic growth at constant exchange rates was even higher at 32%, due to the appreciation of the euro against the US dollar.

Revenue growth was driven in particular by the renewal, without exception, of all customer contracts, in most cases accompanied by a significant increase in said contracts. It also benefited from the contribution of new contracts in targeted geographical areas, such as the American and French-speaking territories.

Increased operating profitability

The recurring nature of this business on within the customer base is helping to improve the operating margin. It stood at 26.2% at end-June 2023, compared with 23.1% for the same period last year. Operating profit for H1 2023 came to €659k, up 57% on H1 2022, and even up 62% at constant exchange rates.

After taking into account the financial results and taxes, net profit came to €519K, up 63%, giving a net margin of over 20% for H1 2023.

Outlook for 2023: A €5.9M sales target confirmed

Thanks to the performances already achieved in the first half of the year, and to a good level of contracts in hand, Samba Digital reaffirms its confidence in achieving 2023 sales of €5.9M, representing growth of more than 50%, and in achieving operating profit of €1.4M, representing growth of 57% already confirmed in the first half of the year.

Next publication: Q3 2023 sales Tuesday 17 October 2023 after close of trading

ABOUT SAMBA DIGITAL

Founded in 2018 in the United States, Samba Digital is positioned as a key player in helping sports and eGaming organisations with their internationalisation strategy, specialising in the expansion of digital audiences on a global scale.

The company is present on four continents: America (USA and LATAM), Europe, Africa and Asia. Samba Digital works with the biggest clubs and players in English football (Liverpool, Tottenham, Manchester United, Manchester City Chelsea, etc.), French football (L’Équipe de France, Ligue 1, PSG, OM, OL, AS Monaco, etc.), Italian football (Serie A, Juventus, Napoli, Bologna, etc.), German football (Bundesliga, Eintracht, Bayern Munich, etc.) and is accelerating on the American market (Inter Miami, MLS, etc.).

Samba Digital’s expertise also extends to other sports, including basketball with the Orlando Magic in the NBA and FIBA, American football with the Kansas City Chiefs, rugby with World Rugby and the NRL, golf with the Ryder Cup, motor sports with Formula 1 and Moto GP, and tennis with Roland-Garros and the US Open.

Based in Portugal, the company also owns Talentisi and Sports Translate, two innovative platforms dedicated to the sports industry. Sports Translate has a network of over 500 translators and 3,000 content producers worldwide, offering translation and content adaptation services in 50 languages and dialects, as well as subtitling and video dubbing services. Talentisi revolutionises collaboration between agencies and their clients by offering greater transparency, responsiveness and efficiency in the deployment of international initiatives.

Samba Digital is the first sports marketing agency in the world to offer such a range of services. Its business model is based on flexibility, its international dimension, the absence of bank debt and a solid cash position, enabling it to self-finance investments.

Samba Digital is listed on Euronext Lisbon PTDGL0AM0003 MLSMB