Fyber N.V. / Key word(s): Change in Forecast/9 Month figures
Berlin, 11 October 2020 - Fyber N.V. ("Fyber" or the "Company", FSE:FBEN) today is announcing an upgrade to its guidance for the full year 2020.
Following the previous announcement on 3 August 2020, the Company reports continuous growth in 2020YTD in all areas of business, with preliminary revenue numbers for Q3 2020 almost doubling to €55 million compared to Q3 2019, driven by programmatic trading and video advertising.
The Company expects to maintain these growth trends, resulting in total revenue between €185 million and €195 million (previous guidance: €155 million and €165 million; 2019 reported revenue: €119 million) and a positive adjusted EBITDA for the full year 2020.
Furthermore, the Company forecasts double-digit revenue growth rates for the full year 2021, resulting in an expected revenue of more than €250 million. The impact on the Company's business of new privacy settings by Apple to be released in 2021 with the new operating system iOS14 is uncertain as of today and therefore not accounted for in the current guidance.
Further details can be found in the accompanying press release. Fyber will release its interim financial statements for the first nine months of 2020 on 25 November 2020.
11-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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