While Verve's Q3 revenue aligned with our estimates, adjusted operating profit fell short of expectations. However, the company demonstrated strong cash conversion, and other KPIs remained robust.

Verve is set to release its Q3 results on Thursday morning, November 28. We already know that Q3 will show accelerated organic revenue growth to 31%, given the business update in late October.

The organic growth accelerated to 31% in Q3, exceeding our expectations of 21%. The growth was driven by a strong onboarding of new large software clients, more spending from existing customers, and an overall strong demand for ID-less targeting solutions.

Verve's Q2 report did not present any major surprises given the previously announced earnings update in mid-August, though it highlighted some positive developments