Verge Group SE reported Q3 2024 revenue of €114 million, a 45% year-on-year increase, with 31% of that growth driven organically.
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Adjusted EBITDA rose 45% to €34 million, maintaining a 22% margin and supported by strong cash flow generation.
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The acquisition of Jun Group significantly bolstered performance, contributing €49 million in revenue and €13 million in EBITDA during the quarter.
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Verge holds a leading position in the U.S. mobile advertising supply market with a 99-point SPO score, outperforming competitors like Google AdExchange and InMobi.
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The company’s platform reaches 2.5 billion users across 65,000 apps, processing over 850 billion impressions annually to fuel AI-driven targeting.
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Financial stability has improved, with net debt/adjusted EBITDA falling below 2.0x and interest coverage ratios exceeding 4.0x.
Insights
01
Verge Group SE reported Q3 2024 revenue of €114 million, a 45% year-on-year increase, with 31% of that growth driven organically.
02
Adjusted EBITDA rose 45% to €34 million, maintaining a 22% margin and supported by strong cash flow generation.
03
The acquisition of Jun Group significantly bolstered performance, contributing €49 million in revenue and €13 million in EBITDA during the quarter.
04
Verge holds a leading position in the U.S. mobile advertising supply market with a 99-point SPO score, outperforming competitors like Google AdExchange and InMobi.
05
The company’s platform reaches 2.5 billion users across 65,000 apps, processing over 850 billion impressions annually to fuel AI-driven targeting.
06
Financial stability has improved, with net debt/adjusted EBITDA falling below 2.0x and interest coverage ratios exceeding 4.0x.