YouGov lifts revenue expectations ahead of final results

International market research and data analytics company YouGov posted a trading statement for the full year ended 31 July on Monday.

The AIM-traded firm said its trading for the year is now expected to be slightly ahead of the board's previous expectations.

“The company has achieved another year of double-digit revenue growth well ahead of the global market research sector with the proportion of revenue derived from data products and data services continuing to increase in line with YouGov's stated strategy,” the company said in a statement.

“Revenue from the US and Middle East markets has grown strongly with the company also benefitting from the appreciation of their currencies against £ sterling over the past year.”

YouGov said its balance sheet remained strong, with net cash balances at 31 July of £15m.