Fyber's 2020 revenue soars 76% to $255 million

And continues to grow during Q1 2021

Fyber's 2020 revenue soars 76% to $255 million

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. 

Staff Writer

Grew up playing Super Mario, Contra, etcetera just like other 90s kids and now he is totally into Mobile Gaming. He has been following the gaming industry since his childhood. Tousif holds a bachelors degree in English and a masters degree in Business Administration. Other than gaming, he is interested in Photography, an ardent fan of Real Madrid, and a big follower of ColdPlay.