The San Jose Earthquakes Introduce PayPal Park

- PayPal Holdings Inc. (NASDAQ: PYPL) and the San Jose Earthquakes today announced a multi-year sponsorship agreement that includes naming rights for the Major League Soccer (MLS) team's stadium located in San Jose, California which will be called PayPal Park. The 10-year partnership is built to celebrate Quakes fans, the San Jose community, and local small businesses, and will reimagine the future of live event experiences for sports fans by leveraging PayPal's innovative payments technology.

"PayPal is deeply committed to San Jose , and we are excited to partner with the San Jose Earthquakes to introduce PayPal Park to our passionate Quakes community and local small businesses," said Dan Schulman , president and CEO, PayPal. "This is a unique opportunity to partner with a valued sporting brand and strong community of fans, as we draw on our digital payments technology and work together to redefine the future of live event experiences."

"We couldn't be more thrilled to find a stadium naming rights partner that aligns with our vision of uplifting the local community," said Earthquakes Chief Operating Officer Jared Shawlee . "PayPal is a highly respected global brand with its headquarters less than two miles from our Front Office. We're excited to partner on a number of initiatives that aim to support local small businesses and underserved youth, while also making the stadium a more touchless experience for our guests."

PayPal and the Earthquakes' commitment to the San Jose community will be an integral part of the matchday experience. PayPal Park will feature a 250-seat reserved section of the stadium that will host members of the community and provide them with access to complimentary tickets and transportation to and from home matches. Local youth and nonprofit organizations will be invited to Earthquake's training sessions and have opportunities to play games on the stadium field. Additionally, Quakes fans will be given special offers and discounts, giveaways, and surprise and delights from PayPal and Venmo.

"We are thrilled to have San Jose's stadium and great social gathering space bearing the name of a hometown employer, community partner, and global industry leader in PayPal," said San José Mayor Sam Liccardo . "PayPal's partnership with the Quakes prominently positions two authentic, wildly popular San Jose brands at our city's gateway, greeting millions of visitors travelling annually through our airport into Silicon Valley."

The community-first partnership will offer San Jose and Bay Area small businesses opportunities to reach new audiences and partake in events and programs that fuel their growth. For each home game, PayPal and the Quakes will spotlight a small business, driving exposure through signage, curated social media promotion and other marketing activities. PayPal Park will also explore expanding the utility of the stadium to facilitate other events that bring together the local community and small businesses.

PayPal Park will be outfitted with PayPal's digital payments technology, including the ability to pay touch-free with QR codes at point-of-sale (POS) systems around the stadium and feature benefits like fast lanes that provide fans paying with PayPal or Venmo a quicker checkout experience. These advancements will help transform PayPal Park into a leading-edge, post COVID-19 venue that offers new and seamless ways to maximize how fans experience live events. In addition, the Quakes will further embed the brand's payment solutions throughout its digital properties and feature PayPal at multiple touchpoints throughout the fan journey.

About PayPal
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 375 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com .

About PayPal Park
PayPal Park, home to Major League Soccer's San Jose Earthquakes, is an 18,000-seat soccer-specific stadium located on Coleman Ave. adjacent to the San Jose International Airport. The European-inspired building is the first cloud-enabled venue in MLS and is among the most technologically advanced stadiums in the world. The stadium features a canopy roof and the steepest-raked seating in MLS to provide the best possible fan experience. Additionally, the north end zone houses the largest outdoor bar in North America , a two-acre fan zone and a double-sided video scoreboard. The suites and club seats are located at field level, giving fans a premium experience unlike any other in professional sports. The stadium has hosted numerous non-MLS regular season events since its inaugural season in 2015, including the International Champions Cup, numerous U.S. Women's National Team friendlies, the World Rugby Pacific Nations Cup, the 2016 Major League Soccer All-Star Game against Arsenal FC and a 2018 FIFA World Cup qualifier for the U.S. Men's National Team. For more information about PayPal Park, visit sjearthquakes.com .

PayPal Press Contact
Gideon Anstey
gbanstey@paypal.com

Earthquakes Press Contact
Jake Pisani
jpisani@sjearthquakes.com

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SOURCE PayPal, Inc.

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Real Matters to Hold Virtual Annual General Meeting on February 8, 2024

Real Matters Inc. ("Real Matters"), a leading network management services provider for the mortgage lending and insurance industries, will be holding its Annual General Meeting (the "Meeting") on Thursday, February 8, 2024 at 10:00 a.m. (Eastern Standard Time). The Meeting will be conducted online only, via audio webcast at: www.virtualshareholdermeeting.com/realmatters2024 .

Registered and non-registered shareholders entitled to vote at the Meeting may vote by proxy in advance of the Meeting. However, only registered shareholders and duly appointed proxyholders (including non-registered shareholders who have duly appointed themselves as proxyholder) will be entitled to vote at the Meeting during the live audio webcast. Non-registered shareholders who have not duly appointed themselves as proxyholders will be able to attend the Meeting and ask questions, but will not be able to vote. Guests will be able to attend the Meeting but will not be able to submit questions, vote their shares (if any) or otherwise participate in the Meeting. Please note that registered shareholders will need the 16-digit control number indicated on the form of proxy accompanying their Notice of Meeting to log on to the Meeting as a "Shareholder". Duly appointed proxyholders will need the Appointee Name and 8-character Appointee Identification Number to log on to the Meeting as a "Proxyholder / Appointee". Otherwise, shareholders or duly appointed proxyholders, as applicable, will have to log on as "Guests". Please refer to the Company's Management Information Circular in the Investor Relations section of our website for additional details on how to log on to the Meeting.

News Provided by Business Wire via QuoteMedia

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(millions of dollars)		Quarter ended
		2024			2023			2023			2023			2023		% Change
		Q1			Q4			Q3			Q2			Q1		Quarter over Quarter		Year over Year
Consolidated
Revenue	$	35.4		$	42.2		$	46.0		$	37.6		$	38.2		-16	%	-7	%
Net Revenue ^(A)	$	9.7		$	11.2		$	12.1		$	9.9		$	9.8		-13	%	-1	%
Adjusted EBITDA ^(A)	$	(1.1	)	$	0.6		$	1.7		$	(1.7	)	$	(2.9	)	-280	%	64	%
Net (loss) income	$	(3.6	)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)	-322	%	22	%
Net (loss) income per diluted share	$	(0.05	)	$	0.02		$	(0.01	)	$	(0.04	)	$	(0.06	)	-350	%	17	%
Adjusted Net (loss) income ^(A)	$	(1.2	)	$	0.8		$	1.0		$	(1.9	)	$	(2.1	)	-241	%	43	%
Adjusted Net (loss) income ^(A) per diluted share	$	(0.02	)	$	0.01		$	0.01		$	(0.03	)	$	(0.03	)	-300	%	33	%

U.S. Appraisal segment
Revenue	$	26.8		$	31.2		$	33.5		$	28.0		$	28.3		-14	%	-5	%
Net Revenue ^(A)	$	7.5		$	8.6		$	9.2		$	7.7		$	7.6		-13	%	-2	%
Net Revenue ^(A) margin		27.9	%		27.5	%		27.5	%		27.6	%		27.0	%
Adjusted EBITDA ^(A)	$	2.7		$	3.9		$	4.8		$	3.1		$	2.3		-32	%	16	%
Adjusted EBITDA ^(A) margin		35.8	%		46.0	%		52.0	%		40.6	%		30.4	%

U.S. Title segment
Revenue	$	2.0		$	2.3		$	2.6		$	2.2		$	2.4		-13	%	-14	%
Net Revenue ^(A)	$	1.0			1.0		$	1.2			0.8		$	0.8		-8	%	18	%
Net Revenue ^(A) margin		47.3	%		45.0	%		45.2	%		36.8	%		34.7	%
Adjusted EBITDA ^(A)	$	(1.6	)	$	(1.6	)	$	(1.6	)	$	(2.3	)	$	(2.9	)	-2	%	44	%
Adjusted EBITDA ^(A) margin		-167.9	%		-150.4	%		-133.6	%		-279.3	%		-353.4	%

Canadian segment
Revenue	$	6.6		$	8.7		$	9.9		$	7.4		$	7.5		-24	%	-12	%
Net Revenue ^(A)	$	1.2		$	1.6		$	1.7		$	1.4		$	1.4		-20	%	-8	%
Net Revenue ^(A) margin		18.8	%		17.9	%		17.6	%		18.7	%		17.9	%
Adjusted EBITDA ^(A)	$	0.7		$	1.2		$	1.3		$	1.0		$	0.9		-38	%	-19	%
Adjusted EBITDA ^(A) margin		56.8	%		72.9	%		73.7	%		69.8	%		64.2	%

Corporate segment
Adjusted EBITDA ^(A)	$	(2.9	)	$	(2.9	)	$	(2.8	)	$	(3.5	)	$	(3.2	)	2	%	9	%

								Quarter ended
		Q1 2024			Q4 2023			Q3 2023			Q2 2023			Q1 2023

Net (loss) income	$	(3.6	)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)
Operating expenses		11.6			10.9			10.7			11.9			13.2
Amortization		0.8			0.9			1.0			1.0			1.0
Restructuring expenses		-			-			-			0.4			1.3
Interest expense		0.1			0.1			0.1			0.1			0.1
Interest income		(0.4	)		(0.3	)		(0.2	)		(0.2	)		(0.1	)
Net foreign exchange loss (gain)		2.0			(1.8	)		1.8			0.1			1.0
Gain on fair value of derivatives		(0.2	)		(0.1	)		(0.5	)		(0.3	)		-
Income tax recovery		(0.6	)		(0.1	)		(0.2	)		(0.5	)		(2.1	)
Net Revenue	$	9.7		$	11.2		$	12.1		$	9.9		$	9.8

								Quarter ended
		Q1 2024			Q4 2023			Q3 2023			Q2 2023			Q1 2023

Net (loss) income	$	(3.6	)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)
Stock-based compensation expense		0.8			0.3			0.3			0.3			0.5
Amortization		0.8			0.9			1.0			1.0			1.0
Restructuring expenses		-			-			-			0.4			1.3
Interest expense		0.1			0.1			0.1			0.1			0.1
Interest income		(0.4	)		(0.3	)		(0.2	)		(0.2	)		(0.1	)
Net foreign exchange loss (gain)		2.0			(1.8	)		1.8			0.1			1.0
Gain on fair value of derivatives		(0.2	)		(0.1	)		(0.5	)		(0.3	)		-
Income tax recovery		(0.6	)		(0.1	)		(0.2	)		(0.5	)		(2.1	)
Adjusted EBITDA	$	(1.1	)	$	0.6		$	1.7		$	(1.7	)	$	(2.9	)

								Quarter ended
		Q1 2024			Q4 2023			Q3 2023			Q2 2023			Q1 2023

Net (loss) income	$	(3.6	)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)
Stock-based compensation expense		0.8			0.3			0.3			0.3			0.5
Amortization of intangibles		0.4			0.4			0.4			0.4			0.4
Restructuring expenses		-			-			-			0.4			1.3
Net foreign exchange loss (gain)		2.0			(1.8	)		1.8			0.1			1.0
Gain on fair value of derivatives		(0.2	)		(0.1	)		(0.5	)		(0.3	)		-
Related tax effects		(0.6	)		0.4			(0.4	)		(0.2	)		(0.7	)
Adjusted Net (Loss) Income	$	(1.2	)	$	0.8		$	1.0		$	(1.9	)	$	(2.1	)

(millions of dollars)		Quarter ended																	Year ended							%
		2023			2023			2023			2023			2022		% Change					2023			2022		Change
		Q4			Q3			Q2			Q1			Q4		Quarter over Quarter	Year over Year			September 30			September 30			Year over Year
Consolidated
Revenue	$	42.2		$	46.0		$	37.6		$	38.2		$	58.2		-8%	-28	%		$	163.9		$	339.6		-52	%
Net Revenue ^(A)	$	11.2		$	12.1		$	9.9		$	9.8		$	14.4		-8%	-22	%		$	43.0		$	85.4		-50	%
Adjusted EBITDA ^(A)	$	0.6		$	1.7		$	(1.7	)	$	(2.9	)	$	(1.1	)	-64%	153	%		$	(2.4	)	$	7.4		-132	%
Net income (loss)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)	$	(10.0	)	362%	116	%		$	(6.2	)	$	(9.3	)	33	%
Net income (loss) per diluted share	$	0.02		$	(0.01	)	$	(0.04	)	$	(0.06	)	$	(0.14	)	300%	114	%		$	(0.08	)	$	(0.12	)	33	%
Adjusted Net income (loss) ^(A)	$	0.8		$	1.0		$	(1.9	)	$	(2.1	)	$	-		-14%	0	%		$	(2.2	)	$	2.5		-188	%
Adjusted Net income (loss) ^(A) per diluted share	$	0.01		$	0.01		$	(0.03	)	$	(0.03	)	$	-		0%	0	%		$	(0.03	)	$	0.03		-200	%

U.S. Appraisal segment
Revenue	$	31.2		$	33.5		$	28.0		$	28.3		$	43.9		-7%	-29	%		$	120.8		$	250.9		-52	%
Net Revenue ^(A)	$	8.6		$	9.2		$	7.7		$	7.6		$	11.1		-7%	-23	%		$	33.1		$	55.5		-40	%
Net Revenue ^(A) margin		27.5	%		27.5	%		27.6	%		27.0	%		25.4	%						27.4	%		22.1	%
Adjusted EBITDA ^(A)	$	3.9		$	4.8		$	3.1		$	2.3		$	4.5		-18%	-14	%		$	14.1		$	27.0		-48	%
Adjusted EBITDA ^(A) margin		46.0	%		52.0	%		40.6	%		30.4	%		41.0	%						42.8	%		48.6	%

U.S. Title segment
Revenue	$	2.3		$	2.6		$	2.2		$	2.4		$	4.0		-11%	-41	%		$	9.6		$	36.5		-74	%
Net Revenue ^(A)	$	1.0		$	1.2		$	0.8		$	0.8		$	1.8		-11%	-40	%		$	3.9		$	23.0		-83	%
Net Revenue ^(A) margin		45.0	%		45.2	%		36.8	%		34.7	%		44.1	%						40.6	%		63.1	%
Adjusted EBITDA ^(A)	$	(1.6	)	$	(1.6	)	$	(2.3	)	$	(2.9	)	$	(2.9	)	0%	46	%		$	(8.3	)	$	(8.1	)	-3	%
Adjusted EBITDA ^(A) margin		-150.4	%		-133.6	%		-279.3	%		-353.4	%		-167.5	%						-215.6	%		-35.1	%


Canadian segment
Revenue	$	8.7		$	9.9		$	7.4		$	7.5		$	10.3		-12%	-16	%		$	33.5		$	52.2		-36	%
Net Revenue ^(A)	$	1.6		$	1.7		$	1.4		$	1.4		$	1.5		-11%	6	%		$	6.0		$	6.9		-12	%
Net Revenue ^(A) margin		17.9	%		17.6	%		18.7	%		17.9	%		14.3	%						18.0	%		13.2	%
Adjusted EBITDA ^(A)	$	1.2		$	1.3		$	1.0		$	0.9		$	1.0		-12%	18	%		$	4.2		$	4.5		-5	%
Adjusted EBITDA ^(A) margin		72.9	%		73.7	%		69.8	%		64.2	%		65.0	%						70.5	%		65.2	%

Corporate segment
Adjusted EBITDA ^(A)	$	(2.9	)	$	(2.8	)	$	(3.5	)	$	(3.2	)	$	(3.7	)	-2%	22	%		$	(12.4	)	$	(16.0	)	22	%

								Quarter ended								Year ended
		Q4 2023			Q3 2023			Q2 2023			Q1 2023			Q4 2022		September 30, 2023			September 30, 2022

Net income (loss)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)	$	(10.0	)	$	(6.2	)	$	(9.3	)
Operating expenses		10.9			10.7			11.9			13.2			15.7			46.8			79.5
Amortization		0.9			1.0			1.0			1.0			1.1			3.9			4.5
Loss on disposal of property
and equipment		-			-			-			-			0.4			-			0.6
Other non-operating costs		-			-			-			-			-			-			0.1
Restructuring expenses		-			-			0.4			1.3			1.0			1.7			1.5
Impairment of goodwill		-			-			-			-			17.3			-			17.3
Interest expense		0.1			0.1			0.1			0.1			0.1			0.3			0.3
Interest income		(0.3	)		(0.2	)		(0.2	)		(0.1	)		(0.1	)		(0.8	)		(0.1	)
Net foreign exchange (gain) loss		(1.8	)		1.8			0.1			1.0			(5.0	)		1.0			(5.7	)
Gain on fair value of derivatives		(0.1	)		(0.5	)		(0.3	)		-			-			(0.8	)		-
Gain on fair value of warrants		-			-			-			-			-			-			(0.2	)
Income tax recovery		(0.1	)		(0.2	)		(0.5	)		(2.1	)		(6.1	)		(2.9	)		(3.1	)
Net Revenue	$	11.2		$	12.1		$	9.9		$	9.8		$	14.4		$	43.0		$	85.4

The San Jose Earthquakes Introduce PayPal Park

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