Fyber N.V.

  • WKN: A2P1Q5
  • ISIN: NL0014433377
  • Land: Deutschland

Nachricht vom 31.05.2021 | 17:20

Fyber N.V.: publishes Q1 2021 financial statements

DGAP-News: Fyber N.V. / Key word(s): Quarterly / Interim Statement/Quarter Results
31.05.2021 / 17:20
The issuer is solely responsible for the content of this announcement.

Fyber N.V. publishes Q1 2021 financial statements
179% year-over-year revenue growth in Q1 2021
Programmatic video advertising accounting for 48% of the overall revenue

Key Facts

  • 179% year-over-year revenue growth to €86 million
  • Programmatic video advertising accounting for 48% of the overall business, delivering 900% year-over-year growth
  • Increased profitability, achieving adjusted EBITDA of €7 million in Q1 2021
  • Guidance for 2021: Expecting revenue between €300 million and €350 million, at an adjusted EBITDA between €15 million and €20 million
  • Full amortization of the convertible bonds facility completed

Berlin, 31 May 2021 - Fyber N.V. ("Fyber" or the "Company", FSE:FBEN), a leading app monetization company, today published its financial results for the first quarter of 2021. The Company achieved a revenue of €85.6 million (Q1 2020: €30.7 million) - a plus of 179% - at a positive adjusted EBITDA of €7.4 million (Q1 2020: €-0.8 million).

The revenue from video advertising increased by more than 900% in Q1 2021 to €41 million compared to the same period last year and now accounts for 48% of Fyber's overall business. The positive development was enabled by specific product and sales initiatives, integrating with the leading demand sources and expanding the Company's business with existing partners. Fyber's Rewarded Video offering is one of the factors enabling the rapid growth, which developed to be the fastest growing ad format in the stack.

While the Company's revenue growth is driven by video advertising, Fyber maintained a balanced approach of leading with technology, investing into sustainable growth and a comprehensive publisher monetization solution. This is evidenced by the fact that the revenue from programmatic display advertising also contributed to the expansion, growing 125% year-over-year in the first quarter of 2021. Further, a significant part of the revenue was generated by new clients. The Company built up a strong pipeline for 2021 and onboarded more than 70 new publishers in the first quarter alone.

Following the recent debt-to-equity conversion of large parts of the Fyber's convertible bonds facility, the Company repaid all outstanding bonds in an early redemption process. With that, the Company completed the full amortization of bonds. On 25 May 2021, Digital Turbine (NASDAQ: APPS) announced it obtained control over Fyber pursuant to Section 35 (1) WpÜG and that it will publish a mandatory offer to all outstanding shareholders of Fyber in due course.

The current growth trajectory and positive market outlook underline the Company's increased guidance for the full year 2021, expecting to deliver a revenue between €300 million and €350 million - a plus of at least 43% compared to 2020 - at a net revenue between €60 million and €70 million and an adjusted EBITDA between €15 million and €20 million.

Ziv Elul, CEO of Fyber, commented: "This past quarter marked the strongest start to a year for Fyber to date. Not only did we maintain the positive momentum of Q4 2020 and delivered 179% year-over-year revenue growth. The Company also achieved more than €7 million in adjusted EBITDA profit, significantly increased the growth and profitability outlook for the full year 2021 and fully repaid all outstanding convertible bonds. The growth, EBITDA profit and enhanced financial position are proof points of the successful completion of the Company's turn-around. We are very excited about entering the next growth phase for Fyber together with Digital Turbine. "

Key Figures

Full year
In € million
Change YoY
Revenue   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.


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 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

31.05.2021 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

show this

Event im Fokus

Termine 2021

10. Juni 2021:Fachkonferenz Immobilien

14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure

13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie

10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix

„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“


Cryptology Asset Group PLC: 120 % Kurspotenzial

GBC Research hat mit der Coverage der Cryptology Asset Group PLC (ISIN: MT0001770107) begonnen. Die Bewertung der führenden europäischen Investmentgesellschaft für Krypto-Assets und Blockchain-Unternehmen erfolgte mittels der Berechnung des Net Asset Value (NAV). Unter Berücksichtigung aller Beteiligungen ergibt sich zum 05. Juli 2021 eine GBC-Fair-NAV-Bewertung in Höhe von 1,04 Mrd. EUR. Daraus ergibt sich ein NAV je Cryptology-Aktie von 358,43 EUR. Daher empfiehlt GBC Research die Cryptology-Aktie zum Kauf und sieht ein Kurspotenzial von über 120 %.

News im Fokus

Vonovia SE: Job mit Zukunft: Rund 200 Auszubildende starten ihre Karriere bei Vonovia (News mit Zusatzmaterial)

30. Juli 2021, 12:28

Aktueller Webcast

Auto1 Group SE

Registrierung zum H1 2021 Trading Update der AUTO1 Group SE am 6. August um 15:30 Uhr MESZ

06. August 2021

Aktuelle Research-Studie

Vectron Systems AG

Original-Research: Vectron Systems AG (von GBC AG): Buy

30. Juli 2021