DGAP-News: Fyber N.V. / Key word(s): Annual Report/Annual Results 
Fyber N.V.: publishes Annual Report 2020 & preliminary numbers for Q1 2021 
2021-04-30 / 19:11 
The issuer is solely responsible for the content of this announcement. 
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Fyber N.V. publishes Annual Report 2020 & preliminary numbers for Q1 2021 
76% revenue growth in 2020 year-over-year and 179% in Q1 2021 
Updated guidance: Expecting at least 50% revenue growth to above EUR300 million in 2021 
Key Facts 
- 76% revenue growth in 2020 to EUR210 million 
- 111% year-over-year growth in the programmatic business 
- Programmatic video accounts for 34% of business & grew more than 800% in 2020 
- Full year positive adjusted EBITDA of EUR5.6 million 
- Preliminary results for Q1 2021: EUR86 million revenue (+179% compared to Q1 2020), EUR7 million adjusted EBITDA 
(compared to EUR-0.8 million in Q1 2020) 
- Updated guidance 2021: Expecting revenue between EUR300 million and EUR350 million, at an adjusted EBITDA between EUR15 
million and EUR20 million 
- Digital Turbine to acquire full ownership in Fyber for USD600 million, creating a new mobile media powerhouse offering 
the largest, independent growth platform for app publishers, performance marketers and top global brands 
Berlin, 30 April 2021 - Fyber N.V. ("Fyber" or the "Company", FSE:FBEN), a leading app monetization company, today 
published its financial results for the full year 2020. The Company achieved a revenue of EUR209.8 million (FY 2019: 
EUR119.0 million) at a positive adjusted EBITDA of EUR5.6 million (FY 2019: EUR-2.7 million). 
The Company accelerated its month-over-month growth throughout the last quarter and reported positive and growing 
adjusted EBITDA each month since July 2020. The results for Q4 2020 alone amounted to EUR89 million in revenue, an 
increase of 145% compared to Q4 2019, and a positive adjusted EBITDA of EUR6 million - the strongest Q4 in company 
history. 40% of the Q4 revenue was generated by video advertising formats. 
Strong performance in video advertising paved the way to profitability 
In 2020, Fyber's revenue from programmatic advertising increased by more than 111% year-over-year to EUR170 million. Of 
that, programmatic video ads made up 42%, amounting to EUR71 million - an increase of more than 850% compared to 2019. 
Upgraded guidance for the full year 2021 
Initial preliminary results for Q1 2021 show an acceleration of the recent growth trend, with the revenue amounting to 
EUR85.6 million at an adjusted EBITDA of EUR7.4 million (Q1 2020: revenue of EUR30.7 million, adjusted EBITDA of EUR-0.8 
million). 
Based on this strong start to the year and a positive outlook for the rest of the year, Fyber expects to continue its 
double-digit revenue growth trend. The guidance for the full year 2021 was therefore increased in April 2021, to a 
revenue between EUR300 million and EUR350 million, with the net revenue of between EUR60 million and EUR70 million, at an 
adjusted EBITDA between EUR15 million and EUR20 million (previous guidance: revenue between EUR275 million and EUR300 million, 
net revenue between EUR55 million and EUR60 million, adjusted EBITDA of EUR10 million). 
Fyber to be acquired by NASDAQ-listed Digital Turbine at USD600 million valuation 
In March 2021, US-based Digital Turbine, a global on-device mobile platform company, signed a definitive agreement to 
acquire full ownership in Fyber for USD600 million. Digital Turbine is a leader and disruptor in the mobile ad tech space 
through a delivery platform that makes it easier than ever for people to frictionlessly discover new apps, for 
operators and equipment manufacturers to build new revenue streams, and for advertisers to reach users at scale. 
The deal between Fyber's major shareholder and Digital Turbine is expected to close by the end of May and will be 
followed by the necessary steps to acquire 100% of shareholdings in Fyber. 
Ziv Elul, CEO of Fyber, comments: "2020 was a great year for Fyber, delivering 76% revenue growth, more than 850% 
growth in programmatic video advertising and EUR6 million in adjusted EBITDA. Despite Q1 often being a slower quarter in 
advertising, Fyber continued its strong development and delivered preliminary results 50% above the initial planning 
for Q1 2021. We are thrilled to top off this amazing growth journey by joining the Digital Turbine family - together 
forming the most comprehensive and fastest-growing, independent mobile growth platform on the market. This is the next 
major step in Fyber's growth story, which completes the Company's turn-around on this incredible high note." 
Key Figures 
                       Full year                 Q4 
In EUR million     2020  2019  Change YoY 2020 2019 Change YoY 
Revenue          209.8 119.0        76% 89.1 36.3       145% 
EBITDA*            5.6 (2.7)        n/a  5.5  0.6       816%

^*Note: Adjusted EBITDA excluding one-off impacts, not a measure calculated in accordance with IFRS

### About Fyber Fyber is a leading advertising technology company, developing a next generation platform for the programmatic trading of ads, in a data-driven environment. Our mission is to fuel the creation of quality content by empowering app developers to unlock the true value of their advertising properties through advanced technologies, innovative ad formats and data-driven decision-making. Fyber's technology platform provides an open-access platform for both digital advertisers and publishers with a global reach. Fyber has offices in Berlin, Tel Aviv, New York, San Francisco, London, Beijing and Seoul. The Company employs more than 250 people globally and is listed on the Prime Standard of the Frankfurt Stock Exchange under the symbol 'FBEN'. For additional information visit www.fyber.com. Investor Contact Sabrina Kassmannhuber ir@fyber.com +49 30 609 855 555 -----------------------------------------------------------------------------------------------------------------------

2021-04-30 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 
              Germany 
Phone:        +4930609855555 
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:  1191396 
 
End of News   DGAP News Service 
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1191396 2021-04-30


 
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April 30, 2021 13:12 ET (17:12 GMT)