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Euromoney Institutional Investor Logs 52% Increase In Q3 Revenue

B2B information services provider Euromoney Institutional Investor PLC (ERM.L) on Monday said its revenue in the third quarter increased 52% year-on-year to 119.7 million pounds, particularly helped by growth in events revenue.

Underlying revenue in the quarter increased 30% from prior-year quarter.

For the nine months, group revenue was 304.3 million pounds, up 30% from last year.

Looking forward, the company said, "We delivered a stronger-than-expected Q3 performance; continued growth in subscriptions was accompanied by high demand for a number of our largest events of the year. Taking into account the Q3 performance, we now expect the results for FY 2022 to be ahead of the Board's previous expectations."

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