Verve Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags
Verve Group (ETR:M8G) Full Year 2024 Results
Key Financial Results
- Revenue: €461.9m (up 33% from FY 2023).
- Net income: €28.8m (down 38% from FY 2023).
- Profit margin: 6.2% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: €0.15 (down from €0.29 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Verve Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 9.6%.
The primary driver behind last 12 months revenue was the Supply Side Platforms (SSP) segment contributing a total revenue of €390.3m (84% of total revenue). Notably, cost of sales worth €271.7m amounted to 59% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €79.5m (49% of total expenses). Explore how M8G's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Germany.
Performance of the German Media industry.
The company's shares are up 7.2% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 4 warning signs for Verve Group (of which 1 is potentially serious!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About XTRA:M8G
Verve Group
Operates a software platform for the automated buying and selling of digital advertising space in North America and Europe.
Good value with reasonable growth potential.
