Adblock Plus parent company Eyeo grows strongly

The Cologne-based company generated revenue of 55.8 million euros in 2020.

Eyeo, the Cologne-based parent company of Adblock-Plus, increased its turnover to 55.8 million euros in 2020. In the previous year, revenue amounted to 47 million euros. This is evident from the annual financial statements for the 2020 financial year. According to the company, it met its forecast of a double-digit percentage increase in turnover. The main reason for this was user growth.

The annual net profit of the company, which was founded in 2011, amounted to 11.6 million euros. This is lower than in previous years. In 2018, for example, Eyeo achieved a net profit of 35.5 million. This development is explained in the annual financial statements by a lack of income from investments in other companies and an increase in personnel costs. The company employed a total of 216 people in 2020, 20 more than in the previous year.

In the annual financial statements, Eyeo's founders cite the shift in user activity from desktop to mobile as the biggest threat to the company. Eyeo earns money from advertisers who are allowed through the adblocker.