Share Prices & Company Research

Market News

19 Jul 2018 | 07:58

Euromoney Institutional Investor revenue fall 9% in Q3

Euromoney Institutional Investor said Thursday reported revenue in the third quarter fell 9% compared to same period last year as subscription and advertising revenues fell.

The company blamed the fall in revenue on the exchange and the sale of its global markets intelligence division -- a subscription-based business.

For the three months to 30 June, subscription and content revenue fell 3% on a reported basis, but rose 2% on an underlying basis, reported advertising revenue fell 13% and reported events revenue was 1% lower.

The fall in advertising revenue came amid the loss of print revenue as the company transitioned Institutional Investor magazine to a digital-only format in April. Net cash at 30 June stood at £94.1m compared to net debt of £37.0m at 31 March.

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.