Verve Group SE’s shares tumbled 14.7% to 12.23 Swedish kronor on Thursday, extending losses to a new 52-week intraday low of 10.60 SEK after the company’s half-year and second-quarter earnings report missed internal growth expectations.
The programmatic advertising platform, listed on the Stockholm Stock Exchange, reported a 6.5% rise in like-for-like revenue to EUR 152.3 million for the period. Gross margin improved to 40.0% from 33.1% a year earlier, but adjusted EBITDA edged up only marginally to EUR 30.1 million. Verve reaffirmed its full-year revenue guidance of EUR 680 million to EUR 730 million.
The earnings miss reflected weaker organic growth, particularly in advertising spend across open internet segments. Management cited macroeconomic pressures, including tariffs, elevated oil prices, and reduced spending by lower-income consumers, as key headwinds. Affected advertising categories included travel, consumer packaged goods, and automotive.
The broader market weighed on sentiment, with the Stockholm Stock Exchange’s OMXS30 index declining 0.6% for the second consecutive session. The technology sector, where Verve is classified, was the exchange’s weakest-performing segment, falling 1.5%.
Verve operates a programmatic advertising platform providing both demand-side and supply-side solutions across North America and Europe.
