publishes the financial statements for the first quarter of 2021

DGAP-News: Fyber NV / Keyword (s): Quarterly / Interim statement / Quarterly results
31.05.2021 / 17:20
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Fyber NV publishes financial statements for the first quarter of 2021
Year-over-year revenue growth of 179% in the first quarter of 2021
Programmatic video advertising represents 48% of global revenue

Highlights

Berlin, May 31, 2021 – Fyber NV (“Fyber” or the “Company”, FSE: FBEN), leader in application monetization, today released its financial results for the first quarter of 2021. The company achieved revenues of 85.6 million euros (Q1 2020: 30.7 million euros) – more than 179% – to a positive adjusted EBITDA of € 7.4 million (Q1 2020: – € 0.8 million).

Video advertising revenue grew by more than 900% in the first quarter of 2021 to 41 million euros compared to the same period last year and now accounts for 48% of Fyber’s overall business. This positive development has been made possible by specific product and sales initiatives, integrating with the main sources of demand and developing the company’s activities with existing partners. Fyber’s award-winning video offering is one of the factors driving rapid growth, which has grown to be the fastest growing ad format on the stack.

While the company’s revenue growth is driven by video advertising, Fyber has maintained a balanced approach of technology leadership, investing in sustainable growth, and a comprehensive monetization solution for publishers. This is evidenced by the fact that programmatic display advertising revenue also contributed to the expansion, increasing 125% year over year in the first quarter of 2021. In addition, a significant share of revenue has been generated by new customers. The company has built a strong pipeline for 2021 and welcomed more than 70 new publishers in the first quarter alone.

Following the recent debt-to-equity conversion of a large portion of Fyber’s convertible bond facility, the company repaid all outstanding bonds through an early redemption process. With that, the company completed the full amortization of the bonds. On May 25, 2021, Digital Turbine (NASDAQ: APPS) announced that it had obtained control of Fyber in accordance with Section 35 (1) WpÜG and that it would issue a binding offer to all exceptional Fyber shareholders in due time. desired.

The current growth trajectory and positive market outlook underscore the company’s increased outlook for the full year 2021, which expects to generate revenue of between € 300 million and € 350 million – an increase of at least 43% compared to 2020 – for a net turnover of between 60 and 70 million euros and an adjusted EBITDA of between 15 and 20 million euros.

Ziv Elul, CEO of Fyber, commented: “This past quarter marked the best start to the year for Fyber to date. Not only have we maintained the positive momentum of the fourth quarter of 2020 and achieved 179% year-over-year revenue growth. The company also realized more than 7 million euros in adjusted. The EBITDA profit significantly increased the growth and profitability outlook for the full year 2021 and fully repaid all outstanding convertible bonds. Growth, EBITDA earnings and improved financial position are evidence of the successful turnaround of the company. on entering Fyber’s next phase of growth with Digital Turbine. “

Key figures

Q1

Full year

In millions of euros

2021

2020

Change YoY

2020

Returned

85.6

30.7

179%

209.8

EBITDA *

7.4

(0.8)

n / A

5.6

* Note: Adjusted EBITDA excluding one-off impacts, not a measure calculated in accordance with IFRS; all quarterly figures are unaudited.

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About Fyber
Fyber is a global technology company developing a next-generation monetization platform for mobile app publishers. Fyber combines proprietary technologies and mediation, programmatic and video expertise to create holistic solutions that shape the future of the app economy. Fyber has global offices in Berlin, Tel Aviv, San Francisco, New York, London, Seoul and Beijing. It is listed on the Frankfurt Stock Exchange under the symbol FBEN. To learn more, visit www.fyber.com.

Investor contact
Sabrina kassmannhuber
[email protected]
+49 30 609 855 555

05.31.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases.
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