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" inApril 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%," saidJohn Box , Meltwater CEO. "Customers in our $100k+ ARR cohort, includingUnited 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 CEOJohn Box and CFOLena Shishkina on 25 May at05:00 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 inOslo, Norway , in 2001 and is headquartered inSan 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 theEU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Thisstock exchange announcement was published byElise Heidenreich , Investor Relations atMeltwater N.V. , on25 May 2022 at16:30 CEST .
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