PTA-Adhoc: Talenthouse AG: Trading update and notice of interim results

8/15, 6:00 PM (Source: pressetext)
Baar (pta011/15.08.2022/18:00) - Talenthouse AG ("Talenthouse" or the "Company"), the leading technology platform connecting creatives and brands globally, today provides a trading update for the period from 1 January to 30 June 2022. As Coolabi was not a wholly owned subsidiary of the Company during this period (note: Ad Hoc Announcement, 7 July 2022), financial commentary in this statement excludes its impact on results.

Ad hoc announcement according to article 53 KR

Baar (pta011/15.08.2022/18:00) - Talenthouse AG ("Talenthouse" or the "Company"), the leading technology platform connecting creatives and brands globally, today provides a trading update for the period from 1 January to 30 June 2022. As Coolabi was not a wholly owned subsidiary of the Company during this period (note: Ad Hoc Announcement, 7 July 2022), financial commentary in this statement excludes its impact on results.

Trading update

Gross Revenue (unaudited, pro forma basis) in US Dollars (USD) was down by 6% for H1 2022 compared to H1 2021, while Gross Profit (unaudited, pro forma basis) was down 18%. However, there are several factors that impact like for like comparison, including the significant strengthening of the USD, that should be adjusted in order to assess underlying performance.

After adjusting for the foreign exchange impact, a significant project which contributed one-off revenue in the comparative period and timing differences relating to cost of sales, the Company's Gross Revenue grew 6% during H1, while Gross Profit grew 10%.

Despite impacts of seasonality and the uncertain macroeconomic climate, which led to key deals moving into H2, the underlying business continued to perform within management's expectations, which remain robust.

The Company continued to add new revenue streams to its business from existing clients. This repeat business reflects the engagement with several clients who have requested additional projects from the Talenthouse community during the period. The Company also advanced further in its Community Empowerment business line which it plans to launch in H2, together with its partners, as a financial services offering for its creative community.

The loss at EBITDA reduced as a function of further operating cost management. In aggregate, operating costs fell in the period despite the significant investment in the Community Empowerment business line. Talenthouse continues to review operating costs to ensure it is spending prudently whilst driving growth.

Cost management during the period has not impacted the strategic development of the Company. Talenthouse made strong progress on its relationships and partnerships, with exciting client projects and long-term strategic partnerships in development within its Content Creation business. The overall size of the combined Talenthouse community has increased to over 18 million members.

Coolabi and M&A

Talenthouse completed the acquisition of Coolabi on 7 July 2022. Coolabi is a leading international media group and rights owner specialising in the creation, development and brand management of children's and family intellectual property rights. Its portfolio includes Warrior Cats (Warriors), Beast Quest and Clangers. Coolabi's properties have been downloaded approximately 20 million times. A further update on Coolabi will be provided at Talenthouse's interim results, which will cover H1 2022 in more detail.

Talenthouse remains acquisitive and, in line with its buy and build strategy, will continue to explore strategic M&A activity as appropriate.

Notice of Interim Results

Talenthouse looks forward to presenting its H1 2022 results on 29 September 2022. Details on how to join will be provided nearer the time.

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About Talenthouse AG

Talenthouse AG is a technology platform company, working with the world's largest creative community of over 18 million members, to produce the highest quality digital content for many of the largest companies globally, including Netflix and HBO. Talenthouse AG, which unites the creative platforms of Talenthouse, EyeEm, Ello, Zooppa, Jovoto and most recently, Coolabi a content monetisation business, is leading a structural shift in the way that creative content is produced, employing a platform business model to source content at the scale and quality required to keep pace with consumer demand in the digital age. In doing so, it is also opening up opportunities for a much larger pool of creative talent. The company is registered in Switzerland and operationally headquartered in London with offices in LA, NYC, Berlin, Venice and Philadelphia. For more information visit: www.business.talenthouse.com ( http://www.business.talenthouse.com/)

Stock exchange listing: SIX Swiss Exchange ( http://www.six-swiss-exchange.com) Ticker symbol: THAG (CH) Security number: 1 081 986 ISIN: CH0010819867 Contact: Talenthouse AG, Zugerstrasse 8a, CH-6340 Baar, Switzerland

Talenthouse contacts:

Investor Relations:

Rohan Chitale - rohan@talenthouse.com

Media Relations:

Brigitte Kaps - Brigitte@talenthouse.com

Phone: +41 43 344 38 38 or Mob +41 79 289 2042

Disclaimer

This media release serves informational purposes and constitutes neither an offer to sell nor a solicitation or an advertisement to buy any shares of Talenthouse AG in any jurisdiction. This media release does not constitute a prospectus within the meaning of Article 35 et seq. of the Swiss Federal Act on Financial Services. In addition, investors should seek advice from their bank or their financial adviser.

This media release contains forward-looking statements such as projections, forecasts, and estimates. Such forward-looking statements are subject to certain risks and uncertainties which may cause actual results, performance, or events to differ materially from those anticipated in this media release. Readers should therefore not rely on these forward-looking statements. The forward-looking statements contained in this media release are based on the views and assumptions of Talenthouse AG as of this date and Talenthouse AG does not assume any obligation to update or revise this media release.

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emitter: Talenthouse AG
address: Zugerstrasse 8a, 6340 Baar
country: Switzerland
contact person: Scott Lanphere
phone: +41 43 344 38 38
e-mail: invest@talenthouse.com
website: www.business.talenthouse.com

ISIN(s): CH0010819867 (share)
stock exchanges: SIX Swiss Exchange

[ source: https://www.pressetext.com/news/20220815011 ]