Full Year 2024 YouGov PLC Earnings Call Transcript
Key Points
- YouGov PLC (YUGVF) reported revenue and operating profits slightly ahead of revised guidance for the year.
- The company made significant strategic progress with acquisitions, including CPS and Knowledge Hound, enhancing technology and offerings.
- YouGov PLC (YUGVF) achieved an 8% growth rate in the US, outperforming competitors in a challenging market.
- The company maintains a robust balance sheet with a leverage ratio of 1.7, aligning with expectations.
- Strong recurring revenue rates were observed, with data product subscription levels remaining consistent and even increasing.
- The company faced challenges in winning new clients, with relatively flat performance in data products.
- There were leadership challenges in the EU, impacting growth, although actions have been taken to address this.
- Asia Pacific region experienced a slowdown in government spending, affecting performance.
- The company reported a slight decline in cash conversion from 94% to 93% due to nonrecurring acquisition costs.
- Data products did not meet anticipated growth rates, leading to frustration and disappointment.
(Video playing)
Well, thank you very much everybody for joining us this morning. And thanks as ever to our panelists and how on a every minute of every day around the world, they're sharing their opinions to help us fulfill our mission and to help us create great value for the businesses that we work with. This morning, we published our results for the 12 months to the 31st of July 2024. I'll give a quick recap in a second. And obviously we'll go into more depth over the next half hour and then be open to questions and FY24 itself. But it's been a year of transition. It's been a year of challenge and it's been a year of change for the industry and with us here at Yougov, with the businesses experiencing a number of successes and a number of challenges throughout the year. Now, today we record revenue and operating profits slightly ahead of our revised guidance across the year. We made significant strategic progress including the acquisition of conclusion, the acquisition of CPS and knowledge hound, enabling us to bring new
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
