on MGI - Media And Games Invest SE (isin : SE0018538068)
Verve Achieves 31% Organic Revenue Growth in Q3 2024
Verve Group SE announced a 31% organic revenue growth in the third quarter of 2024. This marks the fourth consecutive quarter of increased growth for the company. The growth is primarily driven by demand from new and existing clients for privacy-first targeting solutions and additional budgets for full-screen video ads.
Significant customer growth contributed to this success, with a 45% increase in large software clients from the previous year, excluding the Jun Group acquisition. Revenue from privacy-first targeting on iOS devices increased by 51%, while full-screen video ad revenue rose by 233%, highlighting Verve's innovative ad solutions.
Verve's CEO, Remco Westermann, emphasized the company's strong performance and its early focus on privacy-first solutions, positioning it as a leader in the transition within digital advertising.
R. P.
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