DGAP-News

Fyber N.V.: publishes Q1 2021 financial statements

DGAP-News: Fyber N.V. / Key word(s): Quarterly / Interim Statement/Quarter Results Fyber N.V.: publishes Q1 2021 financial statements 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.