on MGI - Media And Games Invest SE (isin : SE0018538068)
Verve Group SE Achieves Record Growth in 2024
Verve Group SE, an operator of an integrated advertising platform, reported a robust 2024 with revenue increasing by 35.7% to €437.01 million. The company attributed this growth to strong organic development and the acquisition of Jun Group in 2024. The fourth quarter saw a remarkable rise of 46.0% in revenue, highlighting the recovery of the advertising market.
The integration of Jun Group is advancing as planned, with visible successes including a 10.0% organic growth rate for Jun's business in 2024. Verve's advertising segment continues to thrive, notably on the Supply Side Platform, which accounted for 89.3% of revenue. Customer growth surged, alongside an increased advertising budget from existing clients.
Innovative ID-less advertising solutions drove product growth, helping Verve expand market share in the mobile segment. The company sees strong potential for further synergy and sales benefits, forecasting continued growth in 2025.
R. P.
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