Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 135

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 135
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 |     | 2023 |         |     |   2023 |      |   |     |                2024 |         |     |     |         |     |        |      |   |
| OwlNest’s ARR |     |                US$ | 595,281 |     |  US$ | 772,364 |     |        | 29.7 | % |     |                 US$ | 647,318 |     | US$ | 865,097 |     |        | 33.6 | % |

OwlNest’s Dollar-Based Net Retention Rate OwlNest’s Dollar-Based Net Retention Rate, as of a specified period end and expressed as a percentage, is defined as the Current Period ARR divided by the Prior Period ARR on a fixed exchange rates basis as of the prior period end, each associated with such specified period end and as defined below. The Prior Period ARR associated with a period end is OwlNest’s ARR from the cohort of all customers as of 12 months prior to that period end. The Current Period ARR associated with a period end is OwlNest’s ARR from the same cohort of customers (as those in the Prior Period ARR) as of that period end, including any expansion and net of any contraction or churn over the past 12 months but excluding ARR from new OwlNestSubscribers gained during the past 12 months. OwlNest’s Dollar-Based Net Retention Rate as of December 31, 2022 and 2023 and as of September 30, 2023 and 2024 all exceeded 100%, highlighting OwlNest’s strong customer retention and its 93

capability to effectively address growing customer needs. OwlNest’s Dollar-Based Net Retention Rate in 2022 was slightly higher than that in 2023, in part due to the easing of the COVID-19 pandemic restrictions in the second half of 2022 and the corresponding increase in domestic travel in Taiwan, which translated into stronger demand to expand in 2022 from OwlNest’s existing customers from the previous period. OwlNest’s Dollar-Based Net Retention Rate as of September 30, 2024 increased to 101.8% from 100.2% as of September 30, 2023, primarily driven by the adjustment of subscription fee in 2024, while decreasing slightly from 102.4% as of December 31, 2023, due to an earthquake that struck Taiwan in