Verve Acquires Jun Group
Verve Acquires Jun Group, a Mobile First Digital Advertising Firm, Resulting in Combined, Pro Forma, €447m Revenues and €151m Adj. EBITDA, Reduced Leverage of 2.4x, Updated Mid-Term Financial Targets
The leading advertising platform in emerging channels
Verve primarily operates in North America but 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 three 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.
This platform 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 advertisers, agencies, and publishers with responsible advertising solutions, while focusing on emerging media channels.
- Software Clients >100k USD
- 850+
- Ad Impressions yearly
- 815bn+
- Connected Devices
- 2.5bn+
- Employees
- 750+
- Locations Worldwide
- 15+
News and Publications
Verve Publishes Bond Prospectus and Applies for Listing of the Bonds on Nasdaq Stockholm
3 September 2024 – Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER / M8G) a fast-growing, profitable digital media company that provides AI-driven advertising-software solutions, has on 15 July 2024, as announced by the Company on 2 July 2024, issued subsequent bonds (the “Subsequent Bonds”) in an amount of EUR 65 million under the Company’s existing senior secured floating rate bond framework of a maximum EUR 300 million 2022/2026 with ISIN SE0018042277 (the “Bonds”) following a bookbuilding procedure to qualified investors.
Verve Publishes Interim Report Q2 2024 With Organic Revenue Growth of 26% and EBITDA Growth of 37%, Capital Markets Day starting 10:00 CEST
August 29, 2024 (08:00 CEST) – Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER, Inside Information) a fast-growing, profitable digital media company that provides AI-driven advertising-software solutions, publishes its Interim Report Q2 2024.
Verve Group SE: Agenda for Verve’s Capital Markets Day 2024
Stockholm, 13 August 2024: Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER / M8G) is pleased to invite investors, analysts, and the media to its Capital Markets Day (“CMD”) on Thursday, August 29, 2024 at 10:00 am CEST in Stockholm.
Verve Achieves Organic Revenue Growth of 26% and EBITDA Growth of 37% in Q2 2024 – Increasing Guidance 2024 to 400-420 million revenues and 125-135 million adj. EBITDA
Disclosure of inside information according to Article 17 MAR of the Regulation (EU) No 596/2014 - August 12, 2024
Net Revenues increased by 27% to 96.6 (76.2) €m
• 26% fx adjusted Organic Revenue Growth (Q2’23: 1%)
• 33% increase in number of Software Clients to 851 (Q2’23: 642)
• 24% increase in Ad Impressions to 224 billion (Q2’23: 181 billion)
Adjusted EBITDA increased by 37% to 29.1 (21.3) €m
• Structurally improved EBITDA margin of 30% (Q2’23: 28%) due to growing operating leverage
• Adjusted Net Debt Leverage Ratio reduced to 2.8x (June 2023: 3.2x)
• Adj. Net result amounted to 8.8 (Q2’23: 4.0) €m, an increase of 122%
• Earnings per Share of 0.04 (Q2’23: 0.01) €, an increase of 308%
Our mission
Verve’s "Let’s make media better" mission focuses on enabling better outcomes with responsible advertising solutions in emerging channels.
Better Outcomes
Verve creates a more efficient marketplace for advertisers, agencies, and publishers by reducing intermediaries, ensuring every ad dollar goes further. Leveraging AI and machine learning, we combine proprietary first-party data with innovative contextual solutions like ATOM and Moments.AI, along with enriched third-party data, to deliver campaigns with superior outcomes.
Responsible Advertising Solutions
Verve's commitment to responsible advertising solutions includes prioritizing consumer privacy, ad quality/safety and sustainability. We prioritize a privacy-by-design approach in building our technology, while also focusing on key initiatives that brands and consumers care about, such as sustainability, carbon offsetting and DE&I initiatives. The company ensures brand safety by collaborating with trusted partners to guard against fraudulent traffic and MFA pages. Verve’s dedication to quality is reinforced through robust internal processes, substantial AI investments, and a strong emphasis on transparency and measurement.
Emerging channels
Verve is focused on emerging and high-growth media channels where users are spending the majority of their time online, while most advertising dollars are still stuck in older digital channels. These include Verve's core channels of mobile in-app and connected TV (CTV), but also channels such as DOOH, audio and retail media. Verve is recognized as an expert and market leader in emerging channels.
History
2012 - 2017
Our roots as a games company
Verve's journey began in 2012, when Remco Westermann (CEO) acquired 100% of the shares in the German games company gamigo AG. At the time, gamigo AG was in financial distress, had around 100 employees and annual revenues of roughly 10 million euros. From 2012 to 2017, gamigo AG's focus was on achieving critical mass for long-term success. In 2013 and 2014, gamigo was restructured and focused on reducing costs, discontinuing risky new games development and introducing an M&A model, resulting in 30 million registered users. In 2015, the company made various acquisitions, including Looki Publishing GmbH. A key success factor for games companies is user acquisition and the monetization of content via advertising. As the company was not satisfied with the external providers in either area, gamigo made its first acquisition in the media sector in 2016. The aim was to support the games sector in-house in the areas of user acquisition and monetization.
2018 - 2023
Transformation into a leading digital media company
Drawing from our extensive experience in user acquisition and monetization as a games company, we began expanding our media business around 2018. No longer just supporting our games, this new focus on programmatic advertising became a second pillar alongside our games business. This led to the formation of MGI - Media and Games Invest, which has been listed on the German Stock Exchange since 2018 and on the Nasdaq First North Growth Market in Stockholm since 2020. Since then, our media business (which we operated under the Verve brand) has grown significantly faster than our games business, with a sharp acceleration in organic growth. As a result, we have increasingly shifted our operational focus to the media business, which accounts for more than 80% of our revenue of over EUR 300 million in 2023 and is the main driver of our strong organic growth.
2024
Focus on our Mission Let’s Make Media Better
Today, we have completed our transformation into a leading media company. The 2024 Annual General Meeting decided to change the name to Verve as a sign of our strategic focus now and in the future. Our mission is Let's Make Media Better. Our goal is enabling better outcomes with responsible media focusing on emerging channels. Today, Verve has over 700 employees worldwide, is profitable and growing organically at a substantial double-digit rate.
