DGAP-News: Fyber N.V. / Key word(s): Preliminary Results/Change in Forecast 
Fyber N.V.: publishes preliminary financials for FY 2020 and upgrades 
guidance for 2021 
 
2021-01-11 / 08:30 
The issuer is solely responsible for the content of this announcement. 
 
Fyber N.V. publishes preliminary financials for FY 2020 and upgrades 
guidance for 2021 
_76% YoY revenue growth in 2020, 145% YoY growth in Q4 2020, _ 
_driven by programmatic video advertising_ 
 
*Key Facts* 
 
- Preliminary financials for Q4 2020: Revenue of &euro89 million, up 145% 
compared to Q4 2019; adjusted EBITDA of &euro5 million 
 
- Preliminary financials FY 2020: Revenue of &euro210 million, a plus of 76% 
compared to 2019; adjusted EBITDA of &euro5 million 
 
- Upgraded guidance for FY 2021: Expecting revenue between &euro275 million 
and &euro300 million and adjusted EBITDA of &euro10 million 
 
Berlin, 11 January 2021 - Fyber N.V. ("Fyber" or the "Company", FSE:FBEN), a 
leading mobile advertising technology company, today published its upgraded 
guidance for the full year 2021 based on strong preliminary results for 2020 
and the continued growth in the Company's core areas of business - 
programmatic trading and video advertising. 
 
*Fyber delivered the strongest Q4 in company history* 
The Company continued its strong performance throughout the last quarter and 
delivered &euro89 million in revenue and a positive adjusted EBITDA of 
around &euro5 million in Q4 2020 alone. 
 
According to preliminary figures, Fyber's revenue amounted to &euro210 
million in 2020 (+76% compared to &euro119 million in 2019). The main 
drivers of growth include revenue from programmatic advertising, which grew 
more than 115% year-over-year ("YoY") to around &euro170 million and a major 
uptick in programmatic video advertising, which accounted for roughly one 
third of overall business. The growth stems from scaling up Fyber's activity 
with leading mobile gaming companies, across both existing and newly 
acquired clients. 
 
The net revenue amounted to &euro45 million, bringing the preliminary 
adjusted EBITDA for 2020 to &euro5 million. 
 
*Upgraded guidance for 2021* 
Based on a strong start to the year and a positive outlook, the Company 
expects to continue its double-digit revenue growth trend. The guidance for 
the full year 2021 was therefore increased, now expecting a revenue between 
&euro275 million and &euro300 million, with the net revenue of between 
&euro55 million and &euro60 million, at an adjusted EBITDA of &euro10 
million (previous guidance: revenue above &euro250 million, positive 
adjusted EBITDA). 
 
While the economic effects of COVID-19 remain subject to some degree of 
uncertainty, Fyber built up a strong pipeline of new client prospects for 
2021 and is confident it will report continued growth in its operational and 
financial results. 
 
As the timing and impact of Apple's anticipated privacy changes remain 
uncertain as of today, this is not accounted for in the current guidance. 
Fyber continues its product and business initiatives to minimize any impact 
stemming from these policy changes. 
 
*Ziv Elul, CEO of Fyber, commented:* "2020 brough about unique challenges 
and significant uncertainty, and Fyber's success in navigating these 
challenges is a true testament of the resilience and diversity of our 
business. Through product enhancement and partnerships with leading mobile 
gaming companies, we were able to grow video revenue contribution from a 
modest baseline to over 30% of our annual total. Mobile gaming is an 
exciting and fast-growing ecosystem, and this publisher vertical accounts 
for the majority of Fyber's revenue, with the US market driving the lion's 
share of our growth. We are especially proud to have exceeded our initial 
revenue and profitability goals, delivering consistent profitability during 
this uniquely challenging year. We will continue to follow our strategy of 
winning for our clients through product innovation and excellent service, 
while expanding our partner network to unlock diverse opportunities, and 
further fuel our long-term growth." 
 
### 
 
*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 [1]www.fyber.com [1]. 
 
Investor Contact 
Sabrina Kassmannhuber 
ir@fyber.com 
+49 30 609 855 555 
 
2021-01-11 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. 
 
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Archive at www.dgap.de 
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: 1159570 
 
End of News DGAP News Service 
 
1159570 2021-01-11 
 
 
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(END) Dow Jones Newswires

January 11, 2021 02:30 ET (07:30 GMT)