EQS-News: Verve Accelerates Organic Revenue Growth to 31%in Q3'24, Driven by Increased Demand from New and Existing Clients for Privacy-First Targeting Solutions and Additional Budgets for Full-Screen Video Ads (deutsch)

Verve Accelerates Organic Revenue Growth to 31%in Q3'24, Driven by Increased Demand from New and Existing Clients for Privacy-First Targeting Solutions and Additional Budgets for Full-Screen Video Ads

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EQS-News: Verve Group SE / Schlagwort(e): Umsatzentwicklung/Sonstiges

Verve Accelerates Organic Revenue Growth to 31%in Q3'24, Driven by Increased

Demand from New and Existing Clients for Privacy-First Targeting Solutions

and Additional Budgets for Full-Screen Video Ads

30.10.2024 / 08:29 CET/CEST

Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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Verve Accelerates Organic Revenue Growth to 31% in Q3'24, Driven by

Increased Demand from New and Existing Clients for Privacy-First Targeting

Solutions and Additional Budgets for Full-Screen Video Ads

Disclosure of inside information according to Article 17 MAR of the

Regulation (EU) No 596/2014

Stockholm, Sweden - October 30, 2024 - Verve Group SE ("Verve" or the

"Company", ISIN: SE0018538068; Ticker: VER at Nasdaq First North / M8G at

Frankfurt Stock Exchange) reports that organic revenue growth increased for

the fourth consecutive quarter, now reaching 31% in Q3 2024. The

acceleration of organic growth is driven by multiple factors, including new

large customer onboardings, scaling up of existing customers, increasing

demand for ID-less targeting solutions, as well as full-screen and video

ads.

Key Highlights:

* Significant Customer Growth: Large software clients (customers with >

$100K revenue per year) grew by 45% year-over-year, from 690 to 998

(organic growth, excluding the Jun Group acquisition), underscoring

Verve's effectiveness in onboarding and scaling high-value partnerships

organically.

* Privacy-First Targeting Leads Growth: revenue generated on iOS-Apple

devices, on which the majority of end-consumers don't provide consent

for tracking since the deprecation of Apple's IDFA (Identifier for

Advertising), surged by 51% compared to the previous year as customers

increasingly turn to Verve's privacy-first targeting solutions.

* Full-Screen Video Ads Gain Traction: Revenue from full-screen video ads

grew year-over-year by 233%, reflecting Verve's competitive edge in

immersive ad formats.

-End of ad-hoc-

Explanatory section

"We are pleased with our sustained strong performance, outpacing the market,

especially as our early commitment to privacy-first targeting solutions

continues to pay off," said Remco Westermann, CEO of Verve. "Privacy in

digital advertising isn't a passing trend-it's the industry's inevitable

destination. As pioneers in this field, our foresight positions us to lead

and benefit from this shift for years to come, supporting advertisers and

publishers in navigating this essential transition."

Responsible parties

This information constitutes inside information that Verve Group SE is

obliged to make public in accordance with the (EU) Market Abuse Regulation

596/2014. The information in this press release has been made public through

the agency of the responsible person set out below for publication at the

time stated by Verve's news distributor EQS Newswire at the publication of

this press release. The responsible person below may be contacted for

further information.

For further information, please contact:

Sören Barz

Head of Investor Relations

+49 170 376 9571

soeren.barz@Verve.com

www.investors.Verve.com

About Verve

Verve is a fast-growing, profitable digital media company that provides

AI-driven ad-software solutions. Verve matches global advertiser demand with

publisher ad-supply, enhancing results through first-party data from its own

content. Aligned with our mission, "Let's make media better." the company

focuses on enabling better outcomes for brands, agencies, and publishers

with responsible advertising solutions, with an emphasis on emerging media

channels. Verve's main operational presence is in North America and Europe,

and it is registered as a Societas Europaea in Sweden (registration number

517100-0143). Its shares are listed on the Nasdaq First North Premier Growth

Market in Stockholm and the Scale segment of the Frankfurt Stock Exchange.

The company has two secured bonds listed on Nasdaq Stockholm and the

Frankfurt Stock Exchange Open Market. Verve's certified advisor on the

Nasdaq First North Premier Growth Market is FNCA Sweden AB; contact info:

info@fnca.se.

Forward-looking statements

This release contains forward-looking statements that reflect the Company's

intentions, beliefs, or current expectations about and targets for the

Company's and the group's future results of operations, financial condition,

liquidity, performance, prospects, anticipated growth, strategies and

opportunities and the markets in which the Company and the group operates.

Forward-looking statements are statements that are not historical facts and

may be identified by words such as "believe", "expect", "anticipate",

"intend", "may", "plan", "estimate", "will", "should", "could", "aim" or

"might", or, in each case, their negative, or similar expressions. The

forward-looking statements in this release, including the pro-forma

financial figures addressed therein, are based upon various assumptions,

many of which are based, in turn, upon further assumptions. Although the

Company believes that the expectations reflected in these forward-looking

statements and pro-forma financial numbers are reasonable it can give no

assurances that they will materialize or prove to be correct. Because these

statements are based on assumptions or estimates and are subject to risks

and uncertainties, the actual results or outcome could differ materially

from those set out in the forward-looking statements as a result of many

factors. Such risks, uncertainties, contingencies and other important

factors could cause actual events to differ materially from the expectations

expressed or implied in this release by such forward-looking statements. The

Company does not guarantee that the assumptions underlying the

forward-looking statements in this release (including the pro-forma

financial figures) are free from errors and readers of this release should

not place undue reliance on the forward-looking statements in this release.

The information, opinions and forward-looking statements that are expressly

or implicitly contained herein speak only as of its date and are subject to

change without notice. Neither the Company nor anyone else undertake to

review, update, confirm or to release publicly any revisions to any

forward-looking statements to reflect events that occur or circumstances

that arise in relation to the content of this release, unless it is so

required by law or applicable stock exchange rules.

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30.10.2024 CET/CEST Veröffentlichung einer Corporate News/Finanznachricht,

übermittelt durch EQS News - ein Service der EQS Group AG.

Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

Die EQS Distributionsservices umfassen gesetzliche Meldepflichten, Corporate

News/Finanznachrichten und Pressemitteilungen.

Medienarchiv unter https://eqs-news.com

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Sprache: Deutsch

Unternehmen: Verve Group SE

c/o Match2One AB, Stureplan 6

114 35 Stockholm

Schweden

Telefon: +491703769571

E-Mail: info@mgi-se.com

Internet: www.mgi-se.com

ISIN: SE0018538068

WKN: A3D3A1

Börsen: Freiverkehr in Düsseldorf, Frankfurt (Scale), Tradegate

Exchange; FNSE

EQS News ID: 2018569

Ende der Mitteilung EQS News-Service

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2018569 30.10.2024 CET/CEST

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