Fyber N.V.
Fyber N.V.:published results for the first nine months of 2019
DGAP-News: Fyber N.V.
/ Key word(s): 9 Month figures/Quarterly / Interim Statement
Fyber N.V. published results for the first nine months of 2019 Key Facts Q1-Q3 2019 – Gross revenue of EUR83 million, net revenue of EUR29 million – Core programmatic business grew by 20% – Continued improvement of adjusted EBITDA – Completed restructuring of remaining convertible bonds with a delay of principal and all further interest payments until July 2022 Berlin, 27 November 2019 – Fyber N.V. (“Fyber” or the “Company”, FSE:FBEN), a leading advertising technology company, today published its financial results for the first nine months of 2019. Key achievements include further upgrades and improvements of the core product Fyber FairBid and the rewarded ad format Offer Wall Edge, the continued growth in the core programmatic business and the improved financial structure. The trend in non-programmatic business continued, with gross revenue declining by 27% year-over-year to EUR28 million, leading to a decrease in total gross revenue of 8% for the first nine months of 2019. This is largely based on the negative external effects of Apple’s ban on app install campaigns within the Offer Wall ad format. However, current performance in October and November indicate a return to growth in this ad format. The Company does not expect further negative impacts from this policy change, but rather to fully make up for the decline through further diversification of the ad format by strengthening different ad campaign types and expanding the client groups using them. Updated guidance for the full year 2019 The growth of the Company’s core programmatic business was not able to fully offset the revenue decline stemming from other products, leading to an adjustment of revenue guidance for the full year 2019 to about EUR120 million (previously: between EUR130 million and EUR135 million) and an adjusted EBITDA of -EUR3 million (previously: above break-even). Ziv Elul, CEO of Fyber, comments: “In the past quarter, we continued to successfully lay the foundations for growth. We invested in our flagship product Fyber FairBid, which delivered strong initial traction in the market. Our partnership with artificial intelligence tools provider Game of Whales will differentiate the offering further, by bringing together service elements for app developers around their two main sources of income – in-app advertising and in-app purchases – through one product. The developments are rounded off by a focus on full-screen units and especially video advertising. We strongly believe in-app video to be an important growth potential for the near and far future and are actively working on positioning Fyber as one of the premium suppliers.” Key Figures Q1-Q3 2019
*Note: Unaudited, adjusted EBITDA excluding one-off impacts, not a measure calculated in accordance with IFRS ###
27.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Fyber N.V. |
Wallstr. 9-13 | |
10179 Berlin | |
Germany | |
Phone: | +49 30 609 855 528 |
E-mail: | governance@fyber.com |
Internet: | https://investors.fyber.com/ |
ISIN: | NL0012377394 |
WKN: | A2DUJD |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Tradegate Exchange |
EQS News ID: | 922359 |
End of News | DGAP News Service |