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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Double-digit revenue growth expected in 2024

VERResearch01.03.2024, 08.29
Inderes
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.

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.)6.85.44.8
EV/EBITDA3.64.54.5

Forum discussions

Strong results from Magnite https://investor.magnite.com/news-releases/news-release-details/magnite-reports-third-quarter-2026-results
7 hours ago
by Putti
3
Looks like someone or some people really do already know what’s coming in a couple of weeks, considering today is down another 7%, trading volume...
yesterday
by yellowbeak
3
Is Farseer still holding Verve shares, maybe even bought more? At least waiting to see how the elections play out, right?
11/2/2026, 9:47 PM
by Giulio
0
Yeah, in Verve’s case, this kind of -15% drop before earnings feels awfully familiar. Almost without exception, the end result has been a weak...
11/2/2026, 4:23 PM
by Marky Mark
3
Almost as if we’ve seen this steep drop ahead of quarterly results sometime before?
11/2/2026, 2:51 PM
by Handeli
6
Key peers aren’t reporting results until this week, so that’s not the reason for the drop either. Odd timing for the CEO to make insider buys...
11/2/2026, 1:51 PM
by Putti
0
Verve really has such a heavy debt burden that its enterprise value changes much more slowly. Looking at Ende’s website, with a market cap of...
11/2/2026, 1:20 PM
by Critter
1