Verve Group SE Boosts 2025 Outlook with Strong Q1 Growth

Verve Group SE, a key player in the ad tech industry, has reported a substantial increase in its first-quarter revenue for 2025. The company achieved a rise of 32.2%, reaching €109.04 million, compared to the previous year. This growth was driven by a notable rise in large software clients, which increased by 51% to 1,152. Additionally, the adjusted EBITDA climbed by 37.3% to €30.2 million, enhancing the EBITDA margin to 27.7%.

Following a solid performance in 2024, where Verve saw revenue climb 35.7% to €437.01 million, the company has now refined its guidance for 2025. It anticipates revenue between €530 million and €565 million and an adjusted EBITDA from €155 million to €175 million. The acquisition of Jun Group in 2024 contributed significantly to this upward trajectory.

Looking ahead, Verve aims for sales surpassing €1 billion and EBITDA over €330 million by 2028/2029. With its strong US market presence and innovative advertising solutions, Verve is well-positioned to maintain its growth despite challenging market conditions. Following these developments, GBC AG has raised its target share price to €9.20, maintaining a 'BUY' recommendation.