Spark : Investor Deck – March 2022

Investor Presentation

March 2022

0

Disclaimer

This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, statements involving known and unknown risks, uncertainties, and other factors that may cause Spark Networks' performance or achievements to be materially different from those of any expected future results, performance, or achievements.

Any statements in this presentation that are not statements of historical fact may be considered to be forward-looking statements. Written words, such as "believes," "hopes," "intends," "estimates," "expects," "projects," "plans," "anticipates," and variations thereof, or the use of future tense, identify forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. These forward looking statements include statements regarding market trends and opportunities; Spark Networks' intended use of proceeds from the debt facility; estimates of future financial results including revenue and Adjusted EBITDA; Spark Networks' long-term equity value creation; Spark Networks' return to consolidated revenue growth in 2022; the exploration of potential corporate structure and listing changes; and any statements or assumptions underlying any of the foregoing.

There are a number of factors that could cause actual results and developments to differ materially, including, but not limited to, the following: the risk that the benefits, including expected cost synergies, from the acquisition of Zoosk, Inc. may not be fully realized or may take longer to realize than expected; risks related to the degree of competition in the markets in which Spark Networks operates; risks related to our ability to stabilize our business; risks related to our ability to achieve our financial projections or estimates including with respect to Adjusted EBITDA; risks related to the ability of Spark Networks to retain and hire key personnel, operating results and business generally; Spark Networks' ability to identify potential acquisitions; Spark Networks' ability to comply with new and evolving regulations relating to data protection and data privacy; general competition and price measures in the market place; risks related to the duration and severity of COVID-19 and its impact on Spark Networks' business; and general economic conditions; Spark Networks' ability to introduce new competitive products and the degree of market acceptance of such new products; the timing and market acceptance of new products introduced by Spark Networks' competitors; general competition and price measures in the market place; risks related to the duration and severity of COVID-19 and its impact on Spark Networks' business; and general economic conditions. Additional factors that could cause actual results to differ are discussed under the heading "Risk Factors" in Spark Networks' Annual Report on Form 10-K for the year ended December 31, 2021 and in other sections of Spark Networks' filings with the Securities and Exchange Commission ("SEC"), and in Spark Networks' other current and periodic reports filed or furnished from time to time with the SEC. All forward-looking statements in this presentation are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement except as required by law.

Spark Networks Overview

1§

Spark Networks is a leading global online dating company

¾ Portfolio of leading brands serving people seeking meaningful relationships

¾ Globally diversified with strong position in the U.S.

2§

New management team has successfully positioned Spark for growth

40+

¾ Successful Zoosk integration with return to growth on track for 2022

¾ Launch of live streaming and social and mobile dating features to enhance competitive differentiation and drive engagement

Faith-Based

Spark Management

Eric Eichmann

Chief Executive Officer, Managing Director

CEO of Spark Networks since November 2019 Approximately 6 years of public company CEO experience

Previously CEO at Criteo S.A. (NASDAQ: CRTO) and COO at Living Social and Rosetta Stone

David Clark

Chief Financial Officer, Managing DirectorCFO of Spark Networks since August 2021

Over 20 years of public company CFO experience

Previously CFO at Synchronoss Technologies (NASDAQ: SNCR), The Meet Group (NASDAQ: MEET) and Nutrisystem (NASDAQ: NTRI)1

1.

Nutrisystem was taken private in 2019

Investment Highlights

Large and growing online dating market with structural tailwinds benefitting meaningful dating segmentScarce global online dating platform of scale, with significant presence in U.S. marketDifferentiated portfolio of premium and niche dating brands for people seeking meaningful relationshipsNew social dating features driving engagement and customer acquisitionHighly predictable subscription model with strong unit economicsFinancial inflection point following transformative Zoosk acquisitionHighly experienced management team with track record of successful execution