DGAP-News: RNTS Media N.V.: Q1 2016 Results Announcement


DGAP-News: RNTS Media N.V. / Key word(s): Quarterly / Interim Statement
RNTS Media N.V.: Q1 2016 Results Announcement

31.05.2016 / 22:59
The issuer is solely responsible for the content of this announcement.

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RNTS Media (The "Company" or The "Group")

Quarterly Update
Funding uncertainties overshadow strong revenue growth in Q1 2016

Key Facts

  - Strong growth in Rewarded Video and Real-time bidding (RTB) driving
    revenues

  - Completed acquisition of Heyzap in January 2016. Numerous synergies
    realised with mediated ad impressions growing 94% over Q4 2015

  - Issue of EUR50m of convertible bonds earmarked for closing of
    Inneractive acquisition fully subscribed on 11 May 2016, though
    subscribers did not settle their commitments by date of this report

  - Closing of Inneractive acquisition announced on 3 March 2016 is
    dependent on the proceeds of the convertible bonds placement.
    Contractual time window for closing the transaction expires on 5 June
    2016

  - Alternative funding structure through revolving credit facility and
    remaining proceeds of the initial 2015 convertible bonds placement
    could not be applied to close the transaction by 31 May 2016

  - Fyber selected as one of only three companies to connect with
    Facebook's native partner program

  - Successful disposal of BigStar Global for up to $3m in deferred
    payments

  - Fyber Ad Server launched, expanding offering to better serve
    publishers' needs

Financial Highlights
<pre>

                     3 months ended 31 March
Pro-forma figures1   2016 (EURm)       2015 (EURm)       Change (%)
Revenue                          26.6              18.0              47.9%
Gross margin (%)                27.9%             33.0%            -5.1 pp
Adjusted EBITDA2                 -3.1              -2.0             -51.9%
Adjusted loss after              -5.7              -2.4            -139.4%
tax2


</pre>

1     Pro-forma results show the financials of the Group as if Heyzap had
been acquired on 1 January 2015
2    Results adjusted to exclude separately disclosed items as explained in
the notes to the consolidated financial statements in the Annual Report
2015

Andreas Bodczek, CEO of RNTS Media, commented: "At the end of May, the
position of the company could hardly be more torn: We have achieved a
strong revenue performance in the first quarter, during which the mobile
advertising technology market delivered superior growth rates in comparison
to the wider ad tech industry and Heyzap, the acquisition closed in
January, has performed very strongly. At the same time, we could not expect
that neither the fully subscribed EUR50m convertible bonds tap issue, nor
the alternative funding structure that we had created would be available as
per agreement. We will continue to pursue these two options with undivided
focus, but without these funds, we will not be able to close the
Inneractive transaction announced in March and thus would have to fully
review our strategic positioning and growth path.

"Should Inneractive not be closed by 5 June 2016, the deal is likely to be
lost. We will then release an updated financial outlook in due course, with
the expectation for it to be significantly lower than previously
disclosed."

About RNTS Media N.V.
RNTS Media is a leading mobile advertising technology company.
Headquartered in Berlin, Germany and founded in 2010, it empowers app
developers and publishers to generate business-critical revenue streams
with targeted in-app advertising through its core asset Fyber, acquired in
October 2014. RNTS Media is listed on the Prime Standard of Frankfurt Stock
Exchange under symbol 'RNM'. For more information, visit www.rntsmedia.com.

Investor Contact:
Heiner Luntz
ir@rntsmedia.com
+49 30 609 855 555

Media Contact:
Natalia Sandin
natalia.sandin@fyber.com
+1 650 201 8814


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31.05.2016 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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   Language:    English                                         
   Company:     RNTS Media N.V.                                 
                Johannisstr. 20                                 
                10117 Berlin                                    
                Germany                                         
   Phone:       +49 30 609 855 528                              
   E-mail:      governance@rntsmedia.com                        
   Internet:    www.rntsmedia.com                               
   ISIN:        NL0010315453                                    
   WKN:         A1J87D                                          
   Listed:      Regulated Market in Frankfurt (Prime Standard)  
 
 
   End of News    DGAP News Service  
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