From Morningstar: 2024-06-20 09:05:00

YouGov shares plummeted over 40% after reporting lower sales growth, causing a market value drop to £548 million in London.
Following half-year results, revenue for 2024 is now expected to be £324-327 million, down from financial 2023’s £258.3 million.
Operating profit for 2024 is projected to be £41-44 million, a decrease from £48.3 million in 2023.
Peel Hunt analyst Jessica Pok indicated downgrades for 2024 forecasts by 6% to revenue and 38% to adjusted operating profit.
The company stated increased demand for customised research, but slow sales in Data Products and decline in fast-turnaround services.
Consumer Panel Services business is performing well post-acquisition, but revenue recognition policy alignment will shift some CPS contribution into 2025.



Read more at Morningstar: YouGov Shares Down 43% on Profit Warning