Across five mobile publishers with leading D2C adoption (and ~$4.4B in total player spend), gross sales are down 1% since Q1'23 but (more important) net sales are up 4%

The distinction between gross and net sales performance, emphasizing net sales growth as more important

Individual publisher performance variations, underlying reasons for the differences

The concept that these five publishers represent 'leading D2C adoption' and that net sales are inherently more important than gross sales