Oslo, 25 May 2022: Meltwater (ticker: MWTR) started the year with a strong first
quarter. Revenue for the first quarter of 2022 was just over $109m,
corresponding to a growth of 16% from the same period last year, and exceeding
the guidance provided in February of $105-107m. Adjusted EBITDA for the period
was $8.4m, corresponding to a margin of 8%, which positions the Company well to
achieve full year guidance. 

The positive developments in the first quarter were primarily driven by
continued growth in the strategic focus areas of Premium accounts and Social
products, in which ARR grew by 35% and 56%, respectively.

Strong customer growth and retention

From Q1 2021 to Q1 2022 Meltwater added 870 Premium Customers to this
strategically important segment, including +152 in Q1 2022 alone. Meltwater
finished the quarter with 3,961 Premium Customers in total, with an average ARR
of over $58k per customer. The Premium Client segment now represents more than
50% of all ARR, up from 45% in Q1 2021. 

"Major KPIs continued to trend well in the first quarter, as reported in our
"Trading Update" in April 2022. Retention rates for both premium customers and
all customers continued at the improved rates we experienced in Q4 2021 and net
retention for our $100k+ ARR cohort improved to 120%," said John Box, Meltwater
CEO.

"Customers in our $100k+ ARR cohort, including United Airlines, Twilio, Advanced
Micro Devices, Hitachi Rail and Hasbro, grew 37% year-over-year in the first
quarter. Leading organizations and companies partnering with Meltwater once
again highlights that we are the leader in our space and that the need to
analyze both news and social data has never been greater.

"We continue to focus on driving growth and looking for operational efficiencies
that will ultimately drive us towards our long-term targets whilst keeping a
close eye on global developments. We are well positioned to leverage our
investments in Sales & Marketing and R&D, increasing market demand for social
products and the opportunity from successful M&A to continue working towards
Meltwater's long-term goals," John Box concluded.

Reiterates full year 2022 guidance

The Company expects to deliver revenue of $109-110m in Q2 2022 and $450-460m for
the full year 2022, driven by targeted ARR of ~$510m. The Company expects an
adjusted EBITDA margin of 6-7% for 2022.

Please find enclosed the presentation material and the interim report for the
first quarter 2022. 

The results will be presented in a live webcast and subsequent Q&A session with
CEO John Box and CFO Lena Shishkina on 25 May at 05:00 pm CEST.

Please use this link to register for the webcast: 
https://channel.royalcast.com/landingpage/hegnarmedia/20220525_5/ 

The webcast will be recorded and made available on www.meltwater.com 

For further information, please contact:

Elise Heidenreich (Investor Relations and Media Contact Oslo)
eh@meltwater.com

Brinlea Johnson (Investor Relations and Media Contact New York)
ir@meltwater.com

About Meltwater

Meltwater provides social and media intelligence. By examining millions of posts
each day from social media platforms, blogs and news sites, Meltwater helps
companies make better, more informed decisions based on insight from the
outside. The company was founded in Oslo, Norway, in 2001 and is headquartered
in San Francisco, California, with 50 offices across six continents. The company
has 2,200 employees and 27,000 corporate customers, including industry leaders
in several sectors. Learn more at meltwater.com.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Elise Heidenreich, Investor
Relations at Meltwater N.V., on 25 May 2022 at 16:30 CEST.

Click here for more information

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