Verve Group SE Reports Steady Progress and Growth Outlook

Verve Group SE, a leading advertising technology firm, reported a 25% increase in net revenue for Q3 2025, reaching EUR 141.9 million. This rise stems from a change in revenue recognition methodologies. However, on a like-for-like basis, revenue experienced a slight decline due to diminished political ad spending and currency fluctuations.

Despite operational challenges, including platform unification efforts, the company's adjusted EBITDA dropped by 22% to EUR 26.1 million, reflecting the costs associated with restructuring and strategic investments.

Verve's gross margin improved to 37%, signaling progressive profitability. With recent acquisitions and efficiency measures, the company anticipates strong year-end performance and has refined its annual revenue forecasts to EUR 560-580 million.

CEO Remco Westermann emphasized strategic investments in technology and sales infrastructure, foreseeing benefits materializing more prominently in 2026.