PubNative (Now Verve Group)

News Summary:

On August 27, 2026, Verve Group's shares sank 17.56% to $1.08 after reporting Q2 2026 revenue of EUR 152.3 million, an increase of 6.5% like-for-like, and adjusted EBITDA of EUR 30.1 million. The decline followed softer organic growth, which stood at 3.5%, alongside 4.6% growth from acquisitions and a 1.7% currency headwind. The company reaffirmed its full-year 2026 guidance, expecting revenue between EUR 680 million and EUR 730 million and EBITDA between EUR 145 million and EUR 175 million. Verve Group is preparing to move its corporate headquarters to Ireland and expand its retail media network in the U.S. and internationally, with its cash position registered at EUR 132.4 million, a decrease of EUR 14.8 million from the prior quarter. This follows Verve Group obtaining the Swedish Companies Registration Office’s permission to transfer its registered office to Ireland on August 25, 2026. Previously, on May 27, 2026, the company reported solid Q1 2026 organic growth, with like-for-like revenue increasing 3.7% to EUR 137.2 million and organic growth reaching 6.4%. However, an earlier report on May 26, 2026, noted a Q1 basic EPS loss of EUR 0.01 and a net income loss of EUR 2.9 million for the quarter, with revenue at EUR 146.0 million. Also on May 26, Verve Group launched its Retail Media network, stating it established Germany’s largest independent cross-retailer network and delivered the first validated closed-loop between mobile advertising and retail purchases.