MGI’s organic growth rate reaches 25% in February 2024
Yesterday, MGI announced that its organic growth rate continued its impressive trajectory, increasing to 25% in February 2024. This follows an earlier announcement of an 18% organic growth rate in January 2024. The continued robust organic growth rate further sets up the start of the year and puts upward pressure on our near-term revenue estimates.
According to the company, February 2024 saw record revenues driven by new customer onboardings, increased budgets from existing customers, and growing demand for ID-less targeting solutions. The increase in new customers and increased spending from existing customers is a strong sign that ad demand has started recovering. In addition, it appears that MGI's investments in ID-less targeting solutions are further improving the competitiveness of its advertising platform and positioning it to take full advantage of the recovery.
Our current estimates assume revenue growth of 11% in Q1’24, which undoubtedly seems low compared to yesterday's announcement and will need to be revised upwards. The increased growth rate in February also increases confidence that a high growth rate can be maintained throughout the year, which subsequently also puts upward pressure on our full-year revenue estimate. Our current revenue estimate for 2024 is 358 MEUR, representing a growth of 11% year-on-year.
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Verve
Verve är verksamt inom teknikbranschen. Bolaget driver en annonsmjukvaruplattform som matchar den globala annonsörens efterfrågan med annonsutbud från utgivare som berikar processen med förstapartsdata från egna spel. Verve:s operativa närvaro finns i Nordamerika och Europa. Genom investeringar i organisk tillväxt och innovation, samt riktade M&A, har bolaget byggt en one-stop-shop för programmatisk annonsering, vilket gör det möjligt för bolag att köpa och sälja annonsutrymme på alla digitala enheter.
Read more on company pageKey Estimate Figures01.03.
2023 | 24e | 25e | |
---|---|---|---|
Omsättning | 322,0 | 357,7 | 390,0 |
tillväxt-% | −0,76 % | 11,08 % | 9,04 % |
EBIT (adj.) | 76,9 | 78,5 | 74,5 |
EBIT-% | 23,89 % | 21,96 % | 19,10 % |
EPS (adj.) | 0,15 | 0,16 | 0,18 |
Utdelning | 0,00 | 0,00 | 0,00 |
Direktavkastning | |||
P/E (just.) | 6,78 | 24,50 | 21,76 |
EV/EBITDA | 3,58 | 9,54 | 9,34 |