Appear ASA - Results for the first quarter of 2026

Underlying EBITDAC¹ amounted to NOK 25.9 million, corresponding to a margin of 11.2%, while EBIT was NOK 36.4 million, delivering an EBIT margin of 15.7%. Profit for the period was NOK 28.2 million, and earnings per share were NOK 0.65.

The quarterly growth was led by the Americas region, where revenues increased 54% year-on-year to NOK 143.6 million, supported by strong demand from broadcasters, service providers and sports leagues.

“Q1 was a strong start to the year for Appear, with solid revenue growth across all our core regions and particularly strong momentum in the Americas. Significant orders from global strategic customers reflect the continued trust broadcasters and sports organisations place in Appear as live production becomes more complex, global and cost-sensitive. Live production simply can’t fail, and our customers know they can put their trust in us,” says Thomas Bostrøm Jørgensen, CEO of Appear.

Proving the effectiveness of its land-and-expand strategy and the position as a long-term infrastructure partner, Appear secured several strategically important contracts in the quarter, including infrastructure expansions with leading broadcasters, deployment commitments across multiple stadiums from a major sports league, and continued adoption of the X Platform for Tier 1 football production in EMEA.

For 2026, Appear maintains its full-year revenue guidance of approximately NOK 1.0 billion, implying year-on-year growth of around 25%. The outlook is supported by strong order visibility, continued expansion with strategic customers across North America and EMEA, and a robust pipeline of major global sports events throughout the year.

“We enter the rest of 2026 with strong momentum, deepening customer relationships across all regions. While long-term sports league partnerships with recurring upgrades between seasons remain our most important business driver, we are also excited about the series of major global live sports events taking place this year. This summer, the FIFA World Cup comes to the Americas, and Appear will be at the heart of it. It marks a milestone for Appear, both commercially and in terms of our global profile,” concludes Appear’s CEO.

The quarterly report is accessible here: https://appear.wrep.it/q1-2026-results and the presentation is enclosed. All material is available at: https://www.appear.net/investors/reports-and-presentations/

Thomas Bostrøm Jørgensen, CEO, and CFO Per Øyvind Stene will host a webcast presentation at 08:00 CEST. The presentation will be held in English and questions can be submitted throughout the event.

Watch the webcast live here: (https://qcnl.tv/p/Ej88iTBgE57mBZmxNScAjA)

Investors and financial analysts are invited to ask questions live by joining the Q&A via Teams on the following link:
https://teams.microsoft.com/meet/35477S596542070?p=DSb1RNcDy3KSFlBXsB
Meeting ID: 354 775 965 420 70
Passcode: rU9zr2JV

Note¹ : EBITDAC and Underlying EBITDAC are alternative performance measures. EBITDAC is calculated by adding capitalised development expenditure to EBITDA, reflecting operating performance, and Underlying EBITDAC excludes the impact of items that are considered exceptional, here IPO costs. EBITDAC and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as a part of the APM section of the first quarter 2026 financial report.

ENDS
For further queries, please contact: Jo Christian Lund-Steigedal, Corporate Communications AS |+47 415 08 733 | jcs@corpcom.no

About Appear ASA
Headquartered in Oslo, Norway, Appear designs and delivers high-capacity, sustainable solutions for media processing and live content delivery. The Company's technology enables the capture, transport, and processing of live video from sports stadiums, concert arenas, and other venues to viewers with ultra-low latency, ensuring superior video quality and reliability. Appear serves broadcasters, production companies, content owners and network operators worldwide who rely on its live production technology to deliver the world's most demanding live productions.