Verve Group Q2 2026 slides: margins surge to 40% amid growth slowdown

Verve Group Media SE's Q2 2026 results revealed mixed financial performance, with rising gross margins offsetting lower revenue growth. Despite a 6.5% like-for-like revenue increase to EUR 152.3 million, organic growth only reached 3.5%, falling short of expectations. This led to a 17.6% drop in stock price to $1.08, reflecting the company's strategic pivot towards retail media and outcome measurement.

Gross profit margin surged to 40.0%, a 6.9 percentage point increase driven by platform unification, ad request optimization, and cloud infrastructure management. Adjusted EBITDA grew mildly to EUR 30.1 million (2.2% growth) after EUR 4.2 million in restructuring costs. The company reported strong commercial traction with a 35.6% year-over-year client increase to 4,176, 99% retention, and an improved Net Dollar Expansion Rate of 95%.

Verve's mobile-first platform supports 90% of revenue from 65,000 app integrations and reaches 2.5 billion consumers across 75% of non-European markets. The company's retail media solution leverages a massive in-store network and AI-powered targeting to connect digital advertising to in-store purchases, claiming a 9% sales uplift in CPG brands.