Fyber N.V.
Fyber N.V.: published results for Q1 2020
DGAP-News: Fyber N.V.
/ Key word(s): Quarterly / Interim Statement
Fyber N.V. published results for Q1 2020 Key Facts Q1 2020 – Revenue of €30.7 million, gross profit of €4.5 million – Programmatic business grew by 36% in Q1 2020 compared to Q1 2019 – 38% growth in adjusted EBITDA to €-0.8 million – Revenue growth driven by increased share of video advertising Berlin, 29 May 2020 – Fyber N.V. (“Fyber” or the “Company”, FSE:FBEN), a leading advertising technology company, today published its financial results for the first quarter of 2020, confirming the preliminary figures published in April 2020. The Company achieved revenue of €30.7 million (Q1 2019: €27.5 million) at an adjusted EBITDA of The 12% year-over-year growth in the overall revenue during the first three months of 2020 was driven by a 36% increase in the programmatic business, which amounted to €19.6 million and made up 65% of total business. The development was based on the growth Fyber achieved with its full-screen ad units video and interstitials on the Fyber Marketplace. The non-programmatic business – mainly consisting of Fyber’s rewarded ad format Offer Wall Edge – was negatively affected by a decline of the overall offer wall market during 2019. Fyber continues the initiatives launched last year to diversify its offer wall revenue base, minimize the impact from the changed market environment and return to growth within this format during 2020. Fyber CEO Ziv Elul, commented: “Advanced programmatic trading remains our current growth engine and the future of the company. During the first quarter, we delivered on our product road map and successfully expanded our share of revenue from video advertising. We expect this trend to continue, as our innovation and sales efforts remain focused on this interactive high-value format. Key Figures
*Note: Unaudited, adjusted EBITDA excluding one-off impacts, not a measure calculated in accordance with IFRS.
### Investor Contact
29.05.2020 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: | NL0014433377 |
WKN: | A2P1Q5 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Tradegate Exchange |
EQS News ID: | 1059467 |
End of News | DGAP News Service |