Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 131

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 131
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 our results of operations. The presentation of key performance indicators is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and
presented in accordance with IFRS Accounting Standards. See “Risk Factors—Risks Related to Our Business and Industry and Our Operations—Real or perceived inaccuracies in our key business metrics may harm our reputation and negatively
affect our business, and these key business metrics are subject to assumptions and limitations and may not provide an accurate indication of our future or expected results.”

Payment services

As our revenue from payment services is typically correlated with gross payment volume, or GPV, growth and the number of Active Accounts (as
defined below), management uses these operating metrics to gain insights into the scale and strength of our payment platform, the engagement level of our customers and underlying activity and trends that may be indicators of current and future
performance.

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Gross Payment Volume (GPV) Gross Payment Volume, or GPV, is defined as the total value of transactions processed through our payment services, including via our payment gateway services, fiat currency cross-border remittances, foreign exchange for fiat currency (as standalone transactions not involving fund transfers) and stablecoins solutions (including on/off-ramp services and cross-chain transactions), and further net of transaction reversals. Our payment services were launched in 2023 with the acquisition of PayNow in May 2023. The GPV for the year ended December 31, 2023 was US$214.6 million. Solely for the purpose of comparability across periods, the GPV presented herein for any period in 2023 was calculated to include the transactions processed by PayNow in 2023 prior to our acquisition of it in May 2023. For the nine months ended September 30, 2024, the GPV grew by 4.6% compared to the same period in 2023, as we leveraged our customer base in hospitality and develop different customer segments. If excluding transactions processed by PayNow for the period of January 1, 2023 to April 30, 2023, the GPV purely attributable to our operations and contributing to our financial and operational results in year 2023 would be US$142.0 million for the year ended December 31, 2023 and US$76.1 million for the nine months ended September 30, 2023. Substantially all of the GPV in 2023 and for the nine