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Double-digit revenue growth expected in 2024

VERResearch01.03.2024 klo 09.29
Anton DamsténAnalyst
Discuss
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MGI's Q4 revenues were well ahead of our and consensus expectations. During the quarter, MGI saw the beginnings of a recovery in the advertising market, which has continued into the first months of 2024. As a result, MGI's outlook for the current year is a return to double-digit revenue growth. This is a significant improvement over our previous assumption of a sluggish year and leads us to raise our revenue estimates. With the improved outlook, we believe the risk/reward ratio has further improved.

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Verve (Ticker: VER) is a fast-growing, profitable, digital media company that provides AI-driven ad-software solutions. Verve matches global advertiser demand with publisher ad-supply, enhancing results through first-party data from its own content. Aligned with the mission, “Let’s make media better,” the company focuses on enabling better outcomes for brands, agencies, and publishers with responsible advertising solutions, with an emphasis on emerging media channels. Verve’s main operational presence is in North America and Europe. 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.

Read more on company page

Key Estimate Figures01.03.2024

202324e25e
Revenue322.0357.7390.0
growth-%-0.8 %11.1 %9.0 %
EBIT (adj.)76.978.574.5
EBIT-% (adj.)23.9 %22.0 %19.1 %
EPS (adj.)0.150.160.18
Dividend0.000.000.00
Dividend %
P/E (adj.)6.88.67.6
EV/EBITDA3.65.45.3

Forum discussions

My hunch is that Verve will post strong Q2 numbers. The FIFA World Cup has had an impact here; if you dig a little, quite a few FIFA sponsors...
8/7/2026, 6:32 AM
by Velkku
8
We have also seen strong second quarters from the adtech sector, so the weakness has at least been in Trade Desk’s own performance.
8/7/2026, 6:14 AM
by Putti
3
I don’t know how direct a competitor The Trade Desk is to Verve… either they are anticipating weakness in the entire ad market for Q2, or competitors...
8/7/2026, 4:56 AM
by Geologiopiskelija
2
Verve Wins 2026 ADWEEK Tech Stack Award for Mobile Product/Platform Award recognizes Verve’s mobile performance platform following successful...
8/4/2026, 10:12 AM
by Velkku
12
Is the market expecting bankruptcy for the company, or a highly dilutive share issue? According to Inderes’ estimates, next year’s P/E is 4....
7/9/2026, 1:55 PM
by Putti
7
I am ready to agree with you. I thought he was quite quick to respond with the benefits and the reasoning behind the rationale.
7/3/2026, 9:42 AM
by Jesper Hagman
1
Verve says it built its Retail Media business in Germany in about 10 months and now wants to replicate this in the U.S. My understanding is ...
7/1/2026, 12:49 PM
by Valerio Ferruggia
3