Tiny Announces Majority Acquisition of Serato, A Global Leader in DJ Software, and Reports Strong Q4 Preliminary Results
Summary
This includes a focus on advancing the product roadmap, strengthening digital marketing efforts, and applying other operational best practices • Aligned Leadership Team: Seratos experienced management team remains in place with long-term incentive plans focused on growing intrinsic value, ensuring continuity and alignment for the next stage of growth • Combined Financial Strength: Tiny management anticipates that the acquisition will significantly boost annual recurring revenue, earnings and cash flow, while maintaining the current net leverage ratio and allowing the Company to continue to reduce its net leverage "We are thrilled to announce our acquisition of Serato, one of the most iconic brands in DJ software. The preliminary unaudited results provided in this news release constitute future-oriented financial information within the meaning of applicable securities laws, are based on several assumptions and are subject to a number of risks and uncertainties. Tiny operates across three principal reporting segments: Digital Services, delivering design and development solutions that help global companies build exceptional products; Software and Apps, offering industry-leading applications and themes that empower merchants in the Shopify ecosystem; and Creative Platform, featuring Dribbble, the premier social network for designers, alongside Creative Market, a marketplace for high-quality digital assets including fonts, graphics, and templates. All figures reported in the non-IFRS reconciliation below (including, in particular, those relating to FY2024 and Q4 2024 for Tiny) are unaudited and preliminary and subject to change and adjustment as the Companys financial results for the fourth quarter and year ended December 31, 2024 are finalized. The preliminary unaudited results provided in this news release constitute forward-looking statements within the meaning of applicable securities laws, are based on several assumptions and are subject to a number of risks and uncertainties.