65 According to ARK’s research, spending on digital leisure should take share from physical options and grow 19% at an annual rate during the next seven years, from $7 trillion in 2023 to $23 trillion in 2030. Several trends are accelerating the shift to digital leisure: • Connected TV (CTV) Advertising should grow 17% at a compound annual rate, from $25 billion in S 2023 to $73 billion in 2030. R E • Social Commerce should grow 32% at an annual rate, from $730 billion today to over $5 trillion in M U S N 2030. CO • Sports Betting should remain turbocharged by the legalization of online/mobile betting. L A T I • AI-assisted Video Game Creation is the new wave in gaming, building on user-generated G DI platforms like Roblox, which has hosted more than ~470 million experiences globally—52x the combined number of PC, consoles, and mobile games. • AI-enabled Hardware could redefine personal wearable computing, especially if virtual reality (VR) continues to face challenges. Sources: ARK Investment Management LLC, 2024. This ARK analysis is based on a range of underlying data from external sources, which may be provided upon request. Forecasts are inherently limited and cannot be relied upon. For informational purposes only and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security. Past performance is not indicative of future results.