DGAP-News: Fyber N.V.: published results for Q3 2020

2020. november 25., szerda, 07:05

DGAP-News: Fyber N.V.

/ Key word(s): 9 Month figures/Quarterly / Interim Statement

Fyber N.V.: published results for Q3 2020

25.11.2020 / 07:05

The issuer is solely responsible for the content of this announcement.

Fyber N.V. published results for Q3 2020
94% YoY revenue growth in Q3 2020, driven by video advertising

Forecasting similar YoY revenue growth in Q4 2020

Key Facts Q3 2020

- 94% year-over-year ("YoY") revenue growth in Q3 2020, 46% YoY revenue growth in 9M 2020

- Driven by 600% YoY revenue growth from programmatic video advertising in 9M 2020

- Delivered positive adjusted EBITDA in Q3 2020 and 9M 2020

- Guidance for 2020: €185 million to €195 million revenue and positive adjusted EBITDA

- Guidance for 2021: revenue above €250 million

Berlin, 25 November 2020 - Fyber N.V. ("Fyber" or the "Company", FSE:FBEN), a leading mobile advertising technology company, today published its financial results for the first nine months of 2020.

The overall revenue for the first nine months of 2020 increased by 46% to €121 million (9M 2019: €83 million). Fyber"s programmatic business saw 70% YoY revenue growth to €91 million (9M 2019: €53 million), making up 75% of the overall revenue. Of that, programmatic video increased by more than 600% to €35 million, representing almost 30% of the advertising budgets spent on Fyber"s inventory. Fyber"s non-programmatic business remained stable and added to the overall growth trend with a 8% YoY growth of Offer Wall Edge.

The gross profit amounted to €16.2 million in 9M 2020, up 16% compared to the same period last year. The recovery in margin during Q3 2020, paired with the continuous growth and the Company"s close cost management, enabled reaching a positive adjusted EBITDA of €1.8 million in Q3 2020.

Fyber exceeded initial expectations despite the economic slowdown caused by COVID-19, which led to a decrease in available brand advertising in Q2 2020. The previous guidance was upgraded in October to an expected revenue of €185 to €195 million, representing a YoY growth of at least 55%, at a positive adjusted EBITDA for the full year 2020. For 2021, the Company forecasts above 30% YoY growth, resulting in revenue of more than €250 million.

While a potential influence on this guidance by Apple"s privacy policy on iOS14 (to be rolled out in 2021) remains unclear, Fyber has been proactively investing in industry initiatives and technology, including the development of Fyber"s "contextual app targeting" parameters and leading the "SKAdNetwork" framework compliance creation, to minimize the impact of the changes.

Ziv Elul, CEO of Fyber, commented: "The exceptional performance achieved with our video offering was made possible by the close collaboration of our product, engineering and sales teams, who drove the successful rollout of multiple technological improvements while also onboarding, scaling and optimizing key demand sources. We will continue to focus our efforts in this direction and expect further growth in the share of revenue from video advertising."

The complete interim statement is available on the Fyber website under: https://investors.fyber.com/reports-presentations

Key Figures

    Nine months ended 30 June     Full year
In € millions            2020 2019   Change YoY           2019          2020 Forecast       2021 Forecast   
Revenue   120.7 82.7 46%   119.0 185-195 250+
EBITDA*   0.1 -3.3 n/a   -2.7 positive positive

*Note: Unaudited, adjusted EBITDA excluding one-off impacts, not a measure calculated in accordance with IFRS.


About Fyber

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

Investor Contact

Sabrina Kassmannhuber


+49 30 609 855 555

25.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Fyber N.V.

Wallstr. 9-13

10179 Berlin

Phone: +49 30 609 855 528
E-mail: governance@fyber.com
Internet: https://investors.fyber.com/
ISIN: NL0014433377
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 1150401

End of News DGAP News Service

1150401  25.11.2020 

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