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 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.

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

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
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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