Euromoney Q3 Reported Revenue Up

Euromoney Institutional Investor Plc (ERM.L), a B2B information services provider, Wednesday, in its trading update, reported growth of 14 percent growth in reported revenue and 17 percent in underlying revenue for the third quarter, reflecting improvements in both subscriptions and events.

For the quarter, the Group's reported revenue rose by 14 percent to 78.9 million pounds. On an underlying basis, revenue grew 17 percent, with increase of 7 percent in subscriptions and 108 percent in events.

For nine months, reported revenue slid by 8 percent to 234.4 million, and underling revenue was down by 10 percent. Strong underlying subscriptions growth in pricing and good growth in Data & Market Intelligence were offset by covid-19 impact on physical events during the nine months.

Looking ahead, the Group said it remains confident that it will deliver a result in line with the Board's expectations for fiscal 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration said it now intends to review only a small subset of new emergency use authorization or EUA requests for diagnostic tests. As per an updated COVID-19 test policy with a view to ensure continued access to tests, the regulator further urged developers of all test types seeking marketing authorization to pursue traditional premarket review for most test types. Netflix, Inc. said it is adding a new feature to offer a more personalized mobile games experience on the platform. In a statement, Sophia Yang, Product Manager, Mobile Games, said the company is rolling out the ability to create game handles, with which members will be able to create a unique public username. This can be used across all Netflix games. General Motors Co. has delayed its plan to require employees to return to office many days a week until next year, reports said citing an internal memo signed by CEO Mary Barra. Last week, the company had announced that corporate workers would be required to return to respective offices at least three days a week, beginning later this year, as the COVID-19 pandemic eases.
Follow RTT