Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 134

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 134
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 and calculated on an annualized basis. OwlNest’s ARR also excludes OwlNest’s transaction volume-based revenues from our alternative fee model on a commission basis or from our add-on room fee collection services. OwlNest’s ARR is calculated based on the assumption that any contract expiring in the next 12 months will be renewed at the rate prevailing in the final month of such contract, unless we determine that such contract will be cancelled or reduced, in which case revenue from such contract will be excluded from the calculation. Our calculation of ARR does not give effect to the impact of any anticipated future price increases. OwlNest’s ARR as of December 31, 2023 increased by 30% compared to its ARR as of December 31, 2022, while OwlNest’s ARR as of September 30, 2024 increased by 34% compared to its ARR as of September 30, 2023, both driven by increased spending from OwlNest’s existing customers and our onboarding of new customers. We believe that the growth reflected the build-up of OwlNest’s brand awareness over time and our continued efforts to enhance and develop OwlNest’s features and functionalities, which we view as important factors for achieving widespread adoption of the OwlNestplatform. The type of revenues represented by OwlNest ’s ARR accounted for 23%, 24%, 22% and 26% out of our total hospitality services revenue for the years ended December 31, 2022 and December 31, 2023 and for the nine months ended September 30, 2023 and September 30, 2024, respectively, and accounted for 15%, 11%, 11% and 10% of our total revenue for the years ended December 31, 2022 and December 31, 2023 and for the nine months ended September 30, 2023 and September 30, 2024, respectively. OwlNest’s ARR is an operating business metric and should be viewed independently of revenue and deferred revenue, and is not intended to be a substitute for, or combined with, any of these items.

|               |     | As of December 31, |         |     |      |         |     |    YoY 
 Growth |      |   |     | As of September 30, |         |     |     |         |     | YoY    
 Growth |      |   |
|               |     |               2022 |