Global mobile advertising technology company Fyber has announced its revenue jumped by 76 per cent in 2020 to $255 million.
Programmatic advertising was particularly strong, growing 111% year-over-year to $205 million.
Adjusted EBITDA for 2020 was $6.8 million.
Q1 2020 business is also booming; up 179 per cent to $104 million
“2020 was a great year for Fyber and 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," commented CEO Ziv Elul.
These results have resulted in management updating its revenue guidance expectation for 2021 between $362 million and $423 million.
Adjusted EBITDA is now expected to be between $18 million and $24 million.
More generally, Fyber expects its previously announced acquisition by Digital Turbine for $600 million to close at the end of May 2021.