UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of Each Class Name of Each Exchange on Which Registered Common Stock, $.005 par value NYSE American Form 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2018 Commission File Number 1-11460 NTN Buzztime, Inc. (Exact name of registrant as specified in its charter) Delaware 31-1103425 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. ...

Financial Data and Key Metrics Changes - Revenue grew 12% to $5.9 million for Q4 2018, up from $5.3 million, driven by higher hardware revenue despite lower subscription revenue [20] - For the full year, revenue increased 10% to $23.3 million, up from $21.3 million in 2017, reflecting higher hardware and other revenue offset by lower subscription revenue [23] - Net income for Q4 was positive $44,000 or $0.02 per share, compared to a net loss of $647,000 or $0.31 per share in Q4 2017 [22] - Full year net loss was $275,000, a $0.10 per share loss, compared to a net loss of $1.1 million or $0.45 loss per share in 2017 [24] - EBITDA for Q4 was $732,000, a 526% increase from $117,000 in the prior year period, marking the eleventh consecutive quarter of positive EBITDA [22] - Full year EBITDA was positive $2.8 million, an improvement of more than $1 million from $1.8 million in the prior year [25] Business Line Data and Key Metrics Changes - The tablet platform reached 84% of the network by the end of 2018, up from 81% at year-end 2017 [21] - Total sites decreased to 2,639 from 2,666 at the end of the previous quarter, indicating fluctuations in site count [20] Company Strategy and Development Direction - The company is focused on advancing technology platforms and launching new offerings, including a capital light entry-level option to reduce costs and perceived financial risk for customers [7][9] - A new product, sitehub, is being developed to enhance the customer experience and reduce installation costs, expected to be tested in the second quarter of 2019 [10][11] - The company is expanding its advertising network and integrating with ad exchanges to increase access to inventory and facilitate partnerships [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about 2019 being a significant product launch year with multiple changes happening simultaneously [15] - The company is committed to building scalable distribution and innovative products while evaluating measures to create shareholder value [27] Other Important Information - The company recorded a $261,000 impairment loss on goodwill related to assets acquired in 2003 [22] - Cash and cash equivalents were $2.5 million at year-end 2018, down from $3.4 million at year-end 2017 [23] - Working capital improved from negative $1.1 million to positive $2.8 million, primarily due to reclassification of debt and recognition of deferred revenue [25] Q&A Session Summary Question: Regarding the Series A preferred in the financial statements, is it paid quarterly or biannually? - Management confirmed that it is paid two times a year [28] Question: Clarification on the payment schedule for the Series A preferred? - Management confirmed the payment schedule includes the June quarter and first quarter [29]