Verve Group Reports Strong Q3 Growth and Financial Performance

Verve Group SE announced a 45% increase in both revenue and EBITDA for the third quarter of 2024. Net revenues reached €113.7 million, with a notable 31% organic revenue growth. The company’s strong free cash flow reduced the leverage ratio to 2.6x. The number of software clients rose by 56%, reaching 1,076, while ad impressions increased by 32% to 244 billion.

Verve’s EBITDA margin improved to 30%, supported by a 94% increase in operating cash flow. The company expanded its market share in the US, now accounting for 80% of its revenues, and was ranked #1 by Pixalate for direct premium supply. Jun Group, acquired by Verve, accelerated its organic growth, enhancing the company’s overall performance.

With advancements in AI technology and ID-less solutions, Verve saw significant growth in iOS revenues and full-screen ads. The company anticipates continued organic growth for the year, with sustained profitability improvements.