Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 143

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 143
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329 for the nine months ended September 30, 2023, to US$848,246 for the nine months ended September 30, 2024. The change was attributed to a growth in the number of OwlNestSubscribers, which drove an increase in our external revenue from OwlNestproperty management system from US$503,694 (including US$496,622 from subscription fees and US$7,072 from commission fees) for the nine months ended September 30, 2023 to US$543,698 (including US$538,340 from subscription fees and US$5,358 from commission fees for the nine months ended 100

September 30, 2024. This was partly offset by a decrease in external revenue from OwlNestadd-on room fee collection services, from US$335,635 for the nine months ended September 30,
2023 to US$304,548 for the nine months ended September 30, 2024, which resulted from lower booking amounts and a decrease in the flow of funds processed by the OwlNestsystem as the consequence of an earthquake in Taiwan in April, 2024.

B. Hospitality-related platform services

External revenue from hospitality-related platform services decreased from US$1.5 million (including US$449,382 from OwlTing Experiences, US$45,957 from OwlJourneyand US$973,899 from OwlStay) for the nine months ended September 30, 2023 to US$1.2 million (including US$250,886 from OwlTing Experiences, US$23,770 from OwlJourneyand
US$947,879 from OwlStay) for the nine months ended September 30, 2024, primarily due to a reduced amount of tourist activities in Taiwan as the consequence of an earthquake that struck Taiwan in April 2024, which along with subsequent
aftershocks severely impacted eastern Taiwan by damaging transportation routes to the region. These effects led to reduction in booking amounts and external revenue of our hospitality-related platform services for the nine months ended September 30,
2024.

E-commerce platform

External revenue from e-commerce platform service decreased from US$714,884 for the nine months ended September 30, 2023 to US$597,122 for the
nine months ended September 30, 2024, primarily due our adjustments to our product offerings on our e-commerce platform in 2024, including the temporary ceasing of fruit import business,