Exhibit (c)(7)

Project Sapphire PRESENTATION TO THE SPECIAL COMMITTEE CONFIDENTIAL 7 AUGUST 2023

These materials have been prepared by Lazard Frères & Co. LLC (“Lazard”) for the information and assistance of the Special Committee of the Board of Directors of Sapphire in connection with their consideration of the matters referred to herein. These materials are based upon information supplied by you (the “Company”) or publicly available information, and portions of the information herein may be based upon certain statements, estimates and forecasts provided by the Company with respect to the anticipated future performance of the Company. Lazard has relied upon the accuracy and completeness of the foregoing information, and has not assumed any responsibility for any independent verification of such information or any independent valuation or appraisal of any of the assets or liabilities of the Company, or any other entity, or concerning solvency or fair value of the Company or any other entity. With respect to financial forecasts, Lazard has assumed that they have been reasonably prepared on bases reflecting the best currently available estimates and judgments as to the future financial performance of the Company. Lazard assumes no responsibility for and expresses no view as to such forecasts or the assumptions on which they are based. The information set forth herein is based upon economic, monetary, market and other conditions as in effect on, and the information made available to us as of, the date hereof, unless indicated otherwise. Lazard is not making any assessment regarding the impact or economic effects of the COVID-19 virus, including with respect to the potential impact or effects on the future financial performance of the Company. Subsequent developments, including, without limitation, in relation to COVID-19, may affect the forecasts and other information set out in this document and Lazard assumes no responsibility for updating or revising this document based on circumstances or events after the date hereof. These materials and the information contained herein are confidential and may not be disclosed publicly or made available to third parties without the prior written consent of Lazard; provided, however, that you may disclose to any and all persons the U.S. federal income tax treatment and tax structure of the transaction described herein and the portions of these materials that relate to such tax treatment or structure. Lazard is acting as financial advisor to the special committee of the board of directors of the Company, and will not be responsible for and will not provide any tax, accounting, actuarial, legal or other specialist advice. Disclaimer CONFIDENTIAL PROJECT SAPPHIRE

PROJECT SAPPHIRE CONFIDENTIAL Source: Sapphire management, public information, FactSet, Bloomberg Note: Unaffected date as of May 17, 2023 (last trading day prior to receipt and public announcement of proposal from Cobalt). Adj. EBITDA excludes stock-based compensation (“SBC”) expense. 1. Based on basic shares outstanding as of August 3, 2023, per Sapphire management. Fully diluted shares outstanding includes unvested stock units as of August 3, 2023. 2. Adj. EBITDA based on Sapphire management projections. Initial Cobalt Proposal First Cobalt Counterproposal Second Cobalt Counterproposal Final Offer Implied Premium / (Discount) to: Reference Price: Unaffected Closing Price $15.56 28.5% 38.2% 43.0% 47.5% Unaffected 10-Trading Day VWAP 16.97 17.9% 26.7% 31.1% 35.3% Unaffected 30-Trading Day VWAP 17.10 17.0% 25.8% 30.1% 34.2% Unaffected 60-Trading Day VWAP 16.96 17.9% 26.7% 31.2% 35.3% Implied Equity Value1 $2,532 $2,722 $2,816 $2,905 Net Cash (6/30/2023) (395) (395) (395) (395) Implied Enterprise Value $2,137 $2,327 $2,422 $2,510 Implied EV / Adj. EBITDA Adj. EBITDA: LTM 6/30/2023A $214 10.0x 10.9x 11.3x 11.7x 2023E2 220 9.7x 10.6x 11.0x 11.4x 2024E2 242 8.8x 9.6x 10.0x 10.4x $20.00 $21.50 $22.25 $22.95 Final value of $22.95 per share in cash for outstanding public shares of Sapphire not owned by Cobalt • Over the course of July and August 2023, the special committee of Sapphire and management of Cobalt held negotiations regarding the proposed acquisition by Cobalt of the public shares of Sapphire not owned by Cobalt (the “Proposed Transaction”) − On May 18, 2023, Cobalt submitted to the Sapphire Board of Directors and concurrently publicly announced its initial offer price of $20.00 in cash per Sapphire share (“Initial Cobalt Proposal”) − On July 21, 2023, Sapphire indicated to Cobalt that the value delivered to Cobalt from the Proposed Transaction, including elimination of estimated public company costs, would be ~$26.20 per share − On July 25, 2023, Cobalt verbally communicated an increased offer price of $21.50 in cash per share (“First Cobalt Counterproposal”) − On July 28, 2023, Sapphire verbally communicated its counterproposal of $23.75 in cash per share − On July 30, 2023, Cobalt verbally communicated its updated offer price of $22.25 in cash per share (“Second Cobalt Counterproposal”) − On August 2, 2023, Sapphire and Cobalt verbally negotiated a purchase price of $22.95 in cash per share (“Final Offer”), subject to approval by the Sapphire Special Committee, Sapphire Board of Directors and Cobalt Board of Directors Analysis of Cobalt’s Final Negotiated Offer ($ in millions, except per share data) 1

6 8 10 12 14 16 18 20 22 $24 Jan-22 Apr-22 Jul-22 Oct-22 Feb-23 May-23 Sapphire Social Casino Peers Other Interactive Entertainment Players 6 8 10 12 14 16 18 20 22 $24 17-May 1-Jun 17-Jun 2-Jul 18-Jul 3-Aug PROJECT SAPPHIRE CONFIDENTIAL Sapphire Trading Statistics: Unaffected (5/17/2023) Current (8/3/2023) Stock Price $15.56 $19.71 Equity Value1 $1,973 $2,499 Net Cash (3/31/2023) (358) (358) Enterprise Value $1,615 $2,142 EV / EBITDA (Consensus) 2023E 7.9x 10.5x 2024E 7.3x 9.7x Unaffected Share Price Performance (January 3, 2022 – May 17, 2023) 2 Sapphire $15.56 +17.4% Social Casino Peers (21.0%) Source: Public information, FactSet Note: Market data as of August 3, 2023; there have been no material changes in share prices of Social Casino Peers or Other Interactive Entertainment Players since such date, with the exception of a decline in the trading price of Playstudios due to company-specific factors unrelated to broader market performance. Share price performance indexed to Sapphire’s starting share price. Financial projections based on median consensus estimates as of share price date. Adj. EBITDA excludes SBC expense. Unaffected date as of May 17, 2023 (last trading day prior to receipt and public announcement of Initial Cobalt Proposal). 1. Share count based on information from latest public filings; includes dilution from unvested stock units. 2. Social Casino Peers consist of DoubleDown, Huuuge, Playstudios and Playtika. 3. Other Interactive Entertainment Players consist of Aristocrat, Electronic Arts, Cobalt, Modern Times Group, Roblox, Stillfront, Take-Two Interactive and Ubisoft. Sapphire: Share Price Performance Since 2022 ($ in millions, except per share data) Affected Share Price Performance (May 17, 2023 – August 3, 2023) $15.56 $13.25 Sapphire $19.71 +26.7% Social Casino Peers +2.0% Other IE Players (25.2%) Other IE Players +0.8% 3 2

Sapphire1 Social Casino Peers2 Other Interactive Entertainment Players3 6.4x 7.0x 6.5x 6.8x 6.8x 7.4x 7.1x 6.5x 5.5x 6.5x 7.7x 8.4x 8.7x 8.7x 8.8x 8.9x 8.5x NM NM NM Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sapphire: Valuation Over Time Since 2022 PROJECT SAPPHIRE CONFIDENTIAL EV / NTM EBITDA (January 3, 2022 – August 3, 2023) Source: Public information, FactSet Note: Market data as of August 3, 2023; there have been no material changes in share prices of Social Casino Peers or Other Interactive Entertainment Players since such date, with the exception of a decline in the trading price of Playstudios due to company-specific factors unrelated to broader market performance. Multiples represent averages over the period. Multiples greater than 25x or negative are designated as “NM” and not included in valuation over time calculations. NTM EBITDA projections based on unadjusted consensus estimates. 1. Sapphire market data as of unaffected date of May 17, 2023 (last trading day prior to receipt and public announcement of Initial Cobalt Proposal). Excludes values following Initial Cobalt Proposal. 2. Social Casino Peers consist of DoubleDown, Huuuge, Playstudios and Playtika. 3. Other Interactive Entertainment Players consist of Aristocrat, Electronic Arts, Cobalt, Modern Times Group, Roblox, Stillfront, Take-Two Interactive and Ubisoft. 2022 2023 11.9x 12.1x 11.2x 10.7x 10.5x 10.4x 8.3x 8.5x 7.7x 8.3x 8.4x 8.2x 8.1x 8.8x 8.8x 9.3x 9.6x 9.7x 9.9x 9.8x Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 6.1x 6.1x 5.6x 6.3x 6.3x 6.5x 5.0x 5.5x 5.1x 5.1x 5.2x 4.9x 5.3x 5.5x 5.5x 5.4x 5.3x 5.5x 5.5x 5.3x Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 2022 2023 2022 2023 3

PROJECT SAPPHIRE CONFIDENTIAL Sapphire: Summary of Financial Projections ($ in millions) Source: Public information, Sapphire management, Sapphire Projections Note: Financials as realized; not pro forma for Alictus acquisition (closed in March 2022). 1. Adj. EBITDA calculated as net income plus D&A, income tax, stock-based compensation and other income / expense, per Sapphire management. Also includes addback of non-recurring restructuring and other expenses, per Sapphire management. Historical financials as reported; financial projections based on Sapphire management projections as presented to the Sapphire special committee on July 12, 2023 and approved for our use by the Sapphire special committee (“Sapphire Projections”) Historical Management Projections CAGR FYE 12/31 2022A 2023E 2024E 2025E 2026E 2027E '22A - '25E '22A - '27E Revenue Sapphire Core $649 $738 $800 $856 $898 $925 9.7% 7.4% New Games 1 0 12 26 39 56 232.4% 140.1% Alictus 22 15 22 30 38 45 11.7% 15.9% Total Revenue $671 $754 $833 $912 $975 $1,027 10.8% 8.9% % Growth 10.7% 12.3% 10.6% 9.4% 7.0% 5.2% Adjusted EBITDA1 Sapphire Core $193 $226 $254 $285 $305 $317 14.0% 10.5% New Games (7) (6) (15) (11) (6) 4 NM NM Alictus 1 0 2 5 8 10 86.4% 70.1% Total Adjusted EBITDA1 $187 $220 $242 $278 $306 $332 14.2% 12.2% % Margin 27.8% 29.2% 29.0% 30.5% 31.4% 32.3% +264bps +446bps 4

PROJECT SAPPHIRE CONFIDENTIAL Methodology Intrinsic Value per Share Implied EV / 2024E Adj. EBITDA Range Comments Public Trading Comparables Analysis 7.0x – 9.0x • Enterprise value multiple range of 7.0x – 9.0x 2024E Adj. EBITDA of $242 million • Based on peer group multiples • Balance sheet date: June 30, 2023 Discounted Cash Flow Analysis 9.3x – 11.6x • WACC range of 9.5% – 10.5% • Assumed terminal multiple range of 7.0x – 9.0x 2028E Adj. EBITDA of $355 million2 − Implied perpetuity growth rate of 0.2% – 3.0% • Valuation and balance sheet date: June 30, 2023 For Reference Only Precedent Transactions Analysis1 8.4x – 10.2x • Enterprise value multiple range of 9.5x – 11.5x LTM 6/30/2023A Adj. EBITDA of $214 million − Based on selected precedent transactions; excludes broader analysis due to variability of transactions within interactive entertainment and lack of comparability with other transactions • Balance sheet date: June 30, 2023 Equity Analyst Estimates (Price Target) 8.3x – 10.4x • Low: J.P. Morgan (5/26/2023) • High: D.A. Davidson (7/10/2023) & Wedbush (8/3/2023) • 8 equity analysts reporting price targets3 • Equity analyst estimates affected by Cobalt proposal 52-Week Trading Range 3.9x – 8.9x • Low: $10.60 (9/26/2022) • High: $20.19 (7/12/2023) $16.50 $20.90 $19.20 $19.00 $10.60 $20.30 $25.30 $22.60 $23.00 $20.19 Source: Sapphire management, Sapphire Projections, public information, FactSet Note: Market data as of August 3, 2023; there have been no material changes in share prices of Social Casino Peers or Other Interactive Entertainment Players since such date, with the exception of a decline in the trading price of Playstudios due to company-specific factors unrelated to broader market performance. Analyses based on net cash balance of $395 million as of June 30, 2023, per Sapphire management. Basic shares outstanding as of August 3, 2023, per Sapphire management. Fully diluted shares outstanding includes unvested stock units as of August 3, 2023. Adjusted EBITDA excludes SBC expense. Per share values rounded to nearest $0.10, except for 52-week trading range. 1. Potential acquisition of public shares of Sapphire by Cobalt would not be a change-of-control transaction. 2. Extrapolation based on discussions with, and guidance from, Sapphire management and approved for our use by the Sapphire special committee. 3. Excludes Macquarie due to suspension of coverage following announcement of Cobalt proposal. Final Offer Value: $22.95 Sapphire: Financial Analysis Summary ($ per share, unless otherwise noted) Historical financials as reported; financial projections based on Sapphire Projections and extrapolations based on discussions with, and guidance from, Sapphire management and approved for our use by the Sapphire special committee 5

CONFIDENTIAL Appendix PROJECT SAPPHIRE

Enterprise Value / CAGR Stock Price % of 52 Equity Enterprise Revenue EBITDA EBITDA Margin (’23E – ’25E) Company 8/3/23 Wk. High Value1 Value 2023E 2024E 2023E 2024E 2023E 2024E Revenue EBITDA Social Casino Peers DoubleDown Interactive $8.77 82% $435 $168 0.5x 0.5x 1.6x 1.6x 32% 30% 4% 5% Huuuge Z24.45 82% 481 256 0.9x 0.9x 2.8x 3.2x 33% 29% (4%) (7%) Playstudios $4.61 93% 694 567 1.8x 1.7x 10.0x 8.7x 18% 19% 6% 11% Playtika $11.33 89% 4,321 5,921 2.3x 2.2x 7.2x 6.8x 32% 32% 3% 8% For Reference Only: Other Interactive Entertainment Players Aristocrat A$40.24 100% $17,109 $16,949 4.2x 4.0x 12.4x 11.7x 34% 34% 6% 8% Electronic Arts $123.83 89% 33,944 33,222 4.4x 4.1x 13.3x 12.3x 33% 34% 6% 8% Cobalt $69.61 98% 6,475 9,610 3.5x 3.3x 9.5x 8.4x 37% 38% 8% 10% Modern Times Group KR68.60 65% 759 443 0.8x 0.8x 3.5x 3.4x 24% 24% 4% 5% Roblox $36.68 72% 22,400 21,694 6.3x 5.6x NM NM 10% 13% 10% 34% Stillfront KR17.99 63% 846 1,240 1.8x 1.8x 4.8x 4.6x 38% 38% 5% 5% Take-Two Interactive $145.75 95% 24,753 26,918 4.9x 3.6x NM 16.4x 14% 22% 23% 62% Ubisoft Entertainment €28.87 62% 3,949 5,014 2.2x 2.1x 5.1x 4.3x 44% 48% 8% 16% Sapphire (Current) $19.71 98% $2,499 $2,142 2.9x 2.8x 10.5x 9.7x 28% 29% 3% 8% Sapphire (Unaffected)2 $15.56 81% 1,973 1,615 2.2x 2.1x 7.9x 7.3x 28% 29% 3% 8% Sapphire: Public Trading Comparables ($ in millions, except per share data) PROJECT SAPPHIRE APPENDIX Source: Public information, FactSet Note: Market data as of August 3, 2023; there have been no material changes in share prices of Social Casino Peers or Other Interactive Entertainment Players since such date, with the exception of a decline in the trading price of Playstudios due to company-specific factors unrelated to broader market performance. Financials converted to USD at spot rate as of August 3, 2023. Multiples greater than 25x or negative are designated as “NM”. Share count and balance sheets based on latest publicly reported information; not pro forma for any acquisitions or divestitures. Projections for revenue and EBITDA based on unadjusted consensus estimates. 1. Equity value calculations include dilution from outstanding options and unvested stock units. 2. Trading data as of unaffected date of May 17, 2023 (last trading day prior to receipt and public announcement of Initial Cobalt Proposal); balance sheet and consensus estimates as of unaffected date. Financial projections calendarized and based on consensus estimates 6

Social Casino Peers EV / Adj. EBITDA (Pre-SBC) 2023E 2024E EV / Adj. EBITDA (Post-SBC)1 2023E 2024E Equity Value $1,973 $694 $4,321 $481 $435 Enterprise Value $1,615 $567 $5,921 $256 $168 7.8x 7.2x 12.7x 8.0x 3.3x 1.6x Median: 5.6x Sapphire (Consensus) Sapphire (Management) Playstudios Playtika Huuuge DoubleDown 8.4x 8.0x 15.3x 8.5x 2.8x 1.6x Median: 5.7x Sapphire (Consensus) Sapphire (Management) Playstudios Playtika Huuuge DoubleDown For Reference: Sapphire Valuation vs. Peers (EV / Adj. EBITDA) ($ in millions) PROJECT SAPPHIRE APPENDIX Source: Public information, FactSet, Sapphire management Note: Sapphire valuation as of unaffected date of May 17, 2023 (last trading day prior to receipt and public announcement of Initial Cobalt Proposal). Peer valuation as of August 3, 2023; there have been no material changes in share prices of Social Casino Peers or Other Interactive Entertainment Players since such date, with the exception of a decline in the trading price of Playstudios due to company-specific factors unrelated to broader market performance. Balance sheet and share count data based on public information. Equity value calculations include dilution from outstanding options and unvested stock units. 1. Projections for consensus SBC expense extrapolated using 2022A SBC expense as a percentage of revenue. Sapphire management SBC projections per Sapphire management. Financial projections for peers based on consensus estimates 7.3x 6.7x 8.7x 6.8x 3.2x 1.6x Median: 5.0x Sapphire (Consensus) Sapphire (Management) Playstudios Playtika Huuuge DoubleDown 7.9x 7.3x 10.0x 7.2x 2.8x 1.6x Median: 5.0x Sapphire (Consensus) Sapphire (Management) Playstudios Playtika Huuuge DoubleDown Sapphire and social casino peers trade on EV / Adj. EBITDA (pre-SBC) basis 7

PROJECT SAPPHIRE APPENDIX 1. Source: Public information, FactSet as of August 3, 2023; there have been no material changes in share prices of Social Casino Peers or Other Interactive Entertainment Players since such date, with the exception of a decline in the trading price of Playstudios due to company-specific factors unrelated to broader market performance. 2. Source: Barra (local predicted beta). 3. Unlevered Beta = Levered Beta / [1 + (1 - Tax Rate)(Debt / Equity)]. 4. Levering Factor = [1 + (1 - Tax Rate)(Debt / Equity)]. 5. Source: U.S. 10-Year Treasury Yield as of August 3, 2023. 6. Source: Kroll as of December 31, 2022. Represents large company stock total returns minus long-term government bond income returns. 7. Cost of Equity = (Risk-Free Rate of Return) + (Levered Beta)(Equity Risk Premium). 8. Weighted Average Cost of Capital = (After-Tax Cost of Debt)(Debt / Cap.) + (Cost of Equity)(Equity / Cap.). Weighted Average Cost of Capital Analysis Capital Structure Barra Predicted Beta Market Debt/Cap Debt/Equity Levered Unlevered Company Name Value1 Ratio Ratio Beta2 Beta3 Social Casino Peers DoubleDown Interactive $435 8.1% 8.8% 0.704 0.660 Huuuge 481 2.7% 2.8% 0.582 0.569 Playstudios 694 - - 1.057 1.057 Playtika 4,321 35.9% 56.0% 1.390 0.993 Sapphire $2,499 - - 0.839 0.839 Sensitivity Range Implied WACC8 Assumptions Low High Low High Unlevered Beta 0.839 0.569 1.057 8.1% 11.6% Target Debt / Capitalization Ratio - - 20.0% 10.1% 10.6% Target Debt / Equity Ratio - Marginal Tax Rate 7.0% Levering Factor4 1.000 Levered Beta 0.839 0.569 1.303 Risk-Free Rate of Return5 4.1% Equity Risk Premium6 7.2% Cost of Equity7 10.1% Pre-Tax Cost of Debt 7.8% WACC8 10.1% Sapphire: WACC Analysis ($ in millions) 8

Financial projections based on Sapphire Projections and extrapolations based on discussions with, and guidance from, Sapphire management and approved for our use by the Sapphire special committee; discounted to June 30, 2023 Sapphire: Discounted Cash Flow Analysis ($ in millions, except per share data) PROJECT SAPPHIRE APPENDIX 1 3 4 2 2 2 Source: Sapphire management, Sapphire Projections, Kroll, Barra, public information, FactSet Note: Valuation and balance sheet date of June 30, 2023. Analysis based on net cash balance of $395 million as of June 30, 2023, per Sapphire management. Basic shares outstanding as of August 3, 2023, per Sapphire management. Fully diluted shares outstanding includes unvested stock units as of August 3, 2023. 1. Normalized terminal year depreciation and amortization equal to CapEx. 2. Normalized structure and tax rate based on 2022 effective tax rate. 3. Normalized change in net working capital. 4. Assumes exit multiple range applied to estimated 2028E Adj. EBITDA (excluding SBC expense) of $355 million (extrapolated based on discussions with, and guidance from, Sapphire management and approved for our use by the Sapphire special committee). 9 Free Cash Flow 6 ME TV 12/2023E 12/2024E 12/2025E 12/2026E 12/2027E 12/2027E Sales $377 $833 $912 $975 $1,027 $1,027 % Growth 10.6% 9.4% 7.0% 5.2% - Adjusted EBITDA (excl. stock-based compensation) $107 $242 $278 $306 $332 $332 Stock-Based Compensation (4) (19) (20) (21) (22) (22) Adjusted EBITDA (incl. stock-based compensation) $103 $223 $258 $285 $310 $310 % Margin 27.3% 26.8% 28.3% 29.3% 30.2% 30.2% Depreciation & Amortization ($13) ($26) ($26) ($26) ($27) ($18) Adjusted EBIT $90 $197 $232 $259 $283 $292 Tax Expense ($6) ($14) ($16) ($18) ($20) ($56) Tax Rate 7.0% 7.0% 7.0% 7.0% 7.0% 19.0% Unlevered Net Income $84 $184 $216 $241 $263 $237 Plus: Depreciation & Amortization $13 $26 $26 $26 $27 $18 Less: Change in Net Working Capital 6 - 1 2 4 - Less: Capital Expenditures (7) (16) (16) (17) (18) (18) Less: Payments on License Obligations (3) (5) (5) (5) (5) (5) Less: TRA Payments (4) (4) (4) (4) (4) - Less: Pari Passu Distributions to Cobalt (22) (25) (30) (34) (38) - Unlevered Free Cash Flow $66 $159 $188 $210 $230 $232 Valuation Sensitivities Discount PV of Future Terminal Value at Exit Multiple of: Enterprise Value at Exit Multiple of: Rate Cash Flows 7.0x 8.0x 9.0x 7.0x 8.0x 9.0x 9.50% $687 $1,650 $1,886 $2,122 $2,337 $2,573 $2,809 10.00% 679 + 1,617 1,848 2,079 = 2,296 2,527 2,758 10.50% 672 1,584 1,811 2,037 2,257 2,483 2,709 Discount TV as % of EV at Exit Multiple of: Implied PGR at Exit Multiple of: Equity Value at Exit Multiple of: Rate 7.0x 8.0x 9.0x 7.0x 8.0x 9.0x 7.0x 8.0x 9.0x 9.50% 70.6% 73.3% 75.6% 0.2% 1.2% 2.1% $2,732 $2,968 $3,204 10.00% 70.4% 73.1% 75.4% 0.6% 1.7% 2.6% 2,691 2,922 3,153 10.50% 70.2% 72.9% 75.2% 1.1% 2.2% 3.0% 2,652 2,878 3,104 Discount EV / 2023E AEBITDA at Exit Multiple of: EV / 2024E AEBITDA at Exit Multiple of: Value per Share at Exit Multiple of: Rate 7.0x 8.0x 9.0x 7.0x 8.0x 9.0x 7.0x 8.0x 9.0x 9.50% 10.6x 11.7x 12.8x 9.7x 10.6x 11.6x $21.58 $23.44 $25.31 10.00% 10.4x 11.5x 12.5x 9.5x 10.4x 11.4x 21.26 23.09 24.91 10.50% 10.3x 11.3x 12.3x 9.3x 10.3x 11.2x 20.95 22.73 24.52

Selected Precedent Transactions ($ in millions) PROJECT SAPPHIRE APPENDIX Source: Public information Note: Financials converted to USD at spot rate as of announcement date. All figures based on financials as reported; not pro forma for acquisitions or divestitures. Multiples based on LTM Adj. EBITDA pre-SBC, unless otherwise noted. 1. Represents upfront cash value; excludes contingent consideration tied to performance of Brainium following acquisition closing. Multiples based on 2022E Revenue and Adj. EBITDA, per Playstudios investor presentation. 2. Value assuming Take-Two share price within collar range. 3. Transaction terminated. 4. EV / LTM Adj. EBITDA per Aristocrat investor presentation. 5. Initial acquisition of 80% of Reworks business for $400 million in cash with remaining 20% to be purchased for up to $200 million based on 2022 Reworks EBITDA; remaining 20% to transfer to Playtika for $1 if 2022 EBITDA target not exceeded. 6. Adj. EBITDA not adjusted for SBC. 7. Upfront consideration of $363 million and maximum earn-out consideration of $1.015 billion. 8. Upfront consideration of $300 million and maximum earn-out consideration of $100 million. Acquiror Target Announcement Date Enterprise Value (excl. / incl. Earn-Out) EV / Adj. EBITDA Sega Rovio 4/17/2023 $599 9.5x Savvy Games Group Scopely 4/5/2023 4,900 NA Playstudios Brainium 10/13/2022 70 8.0x Take-Two Zynga 1/10/2022 12,692 21.7x Scopely GSN Games 10/18/2021 1,000 NA Aristocrat Leisure Playtech 10/18/2021 3,675 11.4x Playtika Reworks 8/31/2021 400 / 600 NA Netmarble SpinX Games 8/2/2021 2,190 NA Electronic Arts Playdemic 6/23/2021 1,400 NA Bally's Corporation Gamesys Group 4/13/2021 3,189 11.1x Electronic Arts Glu Mobile 2/8/2021 2,088 32.5x Embracer Gearbox 2/3/2021 363 / 1,378 NA Zynga Peak Games 6/1/2020 1,800 NA Stillfront Storm8 1/21/2020 300 / 400 4.6x / 6.2x 1 1 2 3 6 5 7 8 6 4 10

$23.00 $23.00 $21.00 $20.00 $20.00 $20.00 $20.00 $20.00 $19.00 PROJECT SAPPHIRE APPENDIX Sapphire: Analyst Price Targets ($ per share) Target Price Range $19.00 - $23.00 Buy: 33.3% Mean Target Price $20.67 Hold: 66.7% Current Price $19.71 Sell: 0.0% Broker Target Date Target Price Current Price Targets Rating Evolution Over Time Mean: $20.67 1 1 1 1 1 1 1 1 5 5 4 5 5 4 4 4 6 6 6 6 6 6 7 6 6 6 6 6 3 3 3 3 Share Price Price Target Buy Hold Sell $15.27 $11.76 $20.67 $19.71 7/10/2023 8/3/2023 5/9/2023 5/18/2023 5/18/2023 5/22/2023 7/26/2023 7/11/2023 5/26/2023 1 Source: Wall Street Research, FactSet, public information Note: Price targets and current share price as of August 3, 2023. 1. Price target prior to public announcement of proposal from Cobalt. Macquarie has since suspended coverage as it is currently providing financial advisory services to Cobalt. 11

APPENDIX Sapphire’s Top 25 Shareholders ($ in millions, positions in thousands) Source: FactSet as of August 3, 2023 Note: Ownership stake based on basic shares outstanding, consolidated across funds. Ownership stake based on Sapphire Class A shares only, based on latest publicly available information. PROJECT SAPPHIRE # Shareholder Ownership Stake and Cumulative Holdings Current Position Current Market Value 1yr ∆ in % O/S 1 Vanguard 1,922 $38 +0.9% 2 Antara Capital 1,486 29 +5.3% 3 Citigroup 1,407 28 +4.6% 4 Mangrove Partners 1,177 23 +1.5% 5 Manulife Asset Management 1,152 23 +5.4% 6 Jane Street Group 739 15 +1.3% 7 Renaissance Technologies 672 13 +0.6% 8 GFH HFEVA 652 13 +1.0% 9 Morgan Stanley 652 13 +1.4% 10 Millennium Management 619 12 +2.2% 11 Bank of America 605 12 (0.4%) 12 Caledonia Holdings 566 11 (4.3%) 13 Franklin Resources 432 9 +0.5% 14 Schroders 427 8 +1.9% 15 Anqa Management 421 8 (0.3%) 16 Arrowstreet Capital Holding 420 8 +2.0% 17 BlackRock 397 8 +0.3% 18 Engine Capital Management 385 8 (5.5%) 19 Hillsdale Investment Management 372 7 +0.1% 20 Dimensional 326 6 +0.2% 21 Barry Cottle 318 6 +0.2% 22 UBS 303 6 (0.1%) 23 Carlson Capital 295 6 (2.2%) 24 Two Sigma Investments 285 6 +0.7% 25 Geode Capital Management 283 6 +0.1% 9.0% 7.0% 6.6% 5.5% 5.4% 3.5% 3.2% 3.1% 3.1% 2.9% 2.8% 2.7% 2.0% 2.0% 2.0% 2.0% 1.9% 1.8% 1.8% 1.5% 1.5% 1.4% 1.4% 1.3% 1.3% 9.0% 16.0% 22.7% 28.2% 33.6% 37.1% 40.3% 43.3% 46.4% 49.3% 52.2% 54.8% 56.9% 58.9% 60.9% 62.8% 64.7% 66.5% 68.3% 69.8% 71.3% 72.7% 74.1% 75.5% 76.8% Top 5 Top 10 Top 15 Top 20 Top 25 12