Moderate Growth for Verve Group Media SE Despite Challenges

In the first half of 2026, Verve Group Media SE showcased a stable operating performance despite a challenging macroeconomic climate. The ad-tech group reported a 2.9% increase in like-for-like revenue to €293.9 million, driven by an expanded software customer base. Reported revenue saw a significant 34.5% increase to €289.5 million. However, the EBITDA dropped to €44.9 million, reflecting investments in sales expansion and product innovations.

The company faced a challenging Q2 due to weaker consumer spending and high oil prices, affecting some sectors like retail. Despite these headwinds, revenue increased by 6.5% year-on-year to €152.31 million. Adjusted EBITDA for Q2 rose slightly to €30.10 million. Verve aims for revenue between €680 million and €730 million for 2026, adjusting expectations due to the current environment.

Looking ahead, Verve maintains a "BUY" recommendation with a target price of €6.80, expecting growth through sales productivity and platform enhancements.