31 March 2025

YouGov plc

("YouGov" or the "Group")

Results for the six months to 31 January 2025

Resilient performance in H1; renewed focus on execution of the mid-term strategy

 

YouGov, the international research and data analytics group, announces its results for the six months ended 31 January 2025.

 

Summary of Results
	Unaudited six months to 31 January 2025   £m	Unaudited six months to 31 January 2024 (restated) £m	Change %	Underlying Change¹ %
Revenue	191.7	143.1	34%	2%
Adjusted Operating Profit1	30.1	28.2	7%	(13%)
Adjusted Operating Profit Margin (%)	16%	20%	(400bps)	-
Statutory Operating Profit	14.8	9.6	54%	-
Adjusted Profit before Tax1	24.1	30.6	(21%)	-
Statutory Profit before Tax	8.3	10.5	(21%)	-
Adjusted Earnings per Share1	17.1p	20.8p	(18%)	-
Statutory Basic Earnings per Share	6.8p	4.0p	70%	-

 

1. Defined in the explanation of non-IFRS measures below.

 

Financial highlights

 

●	Revenue growth of 34% (HY24: 9%) to £191.7m, largely driven by the inclusion of the CPS business, with underlying growth of 2% (HY24: 2%).
●	Adjusted operating profit grew 7% to £30.1m, down 13% on an underlying1 basis due to higher staff and data collection costs compared to the prior year.
●	Adjusted operating profit margin contracted by 400 basis points (bps) to 16%.
●	Statutory operating profit increased by 54% to £14.8m (HY24: £9.6m), due to the inclusion of CPS.
●	Adjusted earnings per share down by 18% to 17.1p (HY24: 20.8p). Statutory earnings per share has increased from 4.0p to 6.8p.
●	Stable balance sheet position with cash at period end of £49.8m (31 January 2024: £53.4m) and leverage ratio of 2.0x net debt to EBITDA.

 

Operational highlights

 

●	Data Products delivered underlying1 growth of 1% in the period, driven by normalised renewal rates and our continued focus on maintaining strong client relationships in a challenging market environment.
●	Research saw 2% underlying1 growth, driven by a strong performance in the academic and technology sector, partly offset by a slowdown in government sector spending and continued weakness in the gaming industry.
●	CPS continues to perform well, and in line with expectations, contributing £61.6m in revenue and investment in new growth initiatives has commenced.
●	Regionally, Asia Pacific and the Americas delivered mid-single digit revenue growth; EMEA reported a single-digit revenue decline on an underlying1 basis.
●	The Group continues to invest in key growth areas such as its Data Products and AI-enabled capabilities to drive growth in the medium term. As announced in August 2024, the Group completed the acquisition of Yabble, a New Zealand based company pioneering the use of generative AI to deliver audience insights.
●	We have implemented our previously announced cost optimisation plan to streamline measures and right-size the cost base for FY25, including a headcount reduction in Q1 FY25.
●	We expect these efficiency measures to deliver £20 million in annualised costs savings, 70% of which we expect to be realised in FY25.
●	The Group has renewed its focus on executing on its SP3 vision (to become the universal infrastructure for data sharing) and is accelerating delivery in key areas with the greatest potential to drive medium-term growth: Panel, Public Data, Products and People.

 

Current trading and outlook

 

●	The Group expects modest revenue growth for the rest of the financial year as trading conditions remain challenging reflecting the current macro-economic backdrop.
●	We expect the Group to meet current market expectations for FY25, with operating profit delivery being more equally balanced between H1 and H2 due to phasing.
●	Greater focus on execution of the Group's strategy is expected to bring the Company back on track and deliver improved performance for FY26 and beyond.

 

Leadership and board changes

 

●	As previously disclosed post-period, the Board and Steve Hatch mutually agreed that he would step down from his position as CEO and Stephan Shakespeare, previously non-executive Chair of the Board and co-founder of YouGov, was appointed as CEO on an interim basis.
●	The Board will commence a recruitment process to appoint a new CEO in due course.
●	Deborah Davis, previously Chair of the Remuneration Committee, was appointed as non-executive Chair of the Board on an interim basis and Andrea Newman was appointed Chair of the Remuneration Committee.
●	Separately, the Company announces that Nick Prettejohn, Senior Independent Director, has stepped down as a Non-Executive Director of the Board as of today's date, reflecting his need to rebalance his portfolio of Board responsibilities. Further details on this directorate change are outlined in the accompanying announcement. As previously disclosed, a search is under way for a new Non-Executive Director and an update will be provided in due course.

 

Stephan Shakespeare, Chief Executive Officer, said:

 

"YouGov has delivered a resilient performance in the first half of FY25, having undergone considerable change over the past 18 months. While we have faced execution challenges, I am confident that our strategic growth plan is the right one to deliver on our ambition to become the universal infrastructure for data sharing.

 

The Board strongly believes that it has the right building blocks to achieve that long-term ambition and the hard work has only just begun. YouGov has a unique asset in its engaged panels and strong brand recognition, a combination which we believe cannot be commoditised. These competitive advantages are essential to building a rich and connected dataset, efficiently and on a large scale. Looking ahead, we will be accelerating execution in the areas we see as having the greatest potential. With the right leadership and strategic direction, the Board is confident that YouGov will be able to return to historical levels of growth and success."

 

Analyst presentation

 

A presentation for investors and analysts will be held via Zoom audio webcast at 9.30am on Monday 31 March 2025. Link to join the presentation below.

 

Zoom webinar: https://yougov.zoom.us/webinar/register/WN_Pw6lL7Q8T7KRFhOZi7ngig

 

A copy of the presentation will be available online at
https://corporate.yougov.com/investors/presentations/ shortly after the half-year results announcement is live on the Regulatory News Service (RNS).

 

Forward looking statements

 

Certain statements in this full year report are forward looking. Although the Group believes that the expectations reflected in these forward-looking statements are reasonable, we can give no assurance that these expectations will prove to have been correct. As these statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements.

 

We undertake no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise.

 

Enquiries:

YouGov plc Stephan Shakespeare, CEO Alex McIntosh, CFO Hannah Jethwani, Head of Corporate Strategy and IR	020 7012 6000
FTI Consulting Charles Palmer / Dwight Burden / Valerija Cymbal / Jemima Gurney	020 3727 1000
J.P. Morgan Cazenove (NOMAD and Joint Broker) Bill Hutchings / James Summer	020 3493 8000
Berenberg (Joint Broker) Mark Whitmore / Richard Andrews / Smruthya Ganeshram	020 3207 7800
Morgan Stanley & Co. International plc (Joint Broker) Andrew Foster / Josh Williams / Ed Phillips	020 7425 8000

 

About YouGov

YouGov is a global research data, and analytics group.

Our mission is to offer unparalleled insight into what the world really thinks and does. With operations in the US, the Americas, Europe, the Middle East, India and Asia Pacific, we have one of the world's largest research networks.

Above all, YouGov is powered by reality. That stems from a unique panel of millions of registered members across 55 countries, encapsulating some 18 million shopping trips and millions of interconnected data points.

Our unique approach to recruiting and engaging with our panel, combined with our state-of-the-art technology platforms, enables us to deliver real-world, real-time insights that lead to better decision-making and a competitive advantage for our clients.

As innovators and pioneers of online market research, we have a strong reputation as a trusted source of accurate data and insights. Testament to this, YouGov data is regularly referenced by the global press, and we are consistently one of the most quoted market research sources in the world.

 

YouGov /Research Reality

 

For further information, visit business.yougov.com

Business Review

 

YouGov has continued to deliver resilient performance during a period of significant change within the business. While client budgets remained constrained amidst political uncertainty, the Company focussed on maintaining its strong client relationships and implementing its previously announced cost optimisation plan. As a result, the Group reported underlying¹ revenue growth of 2%, in line with the same period in the prior year.

During the period, the Company recorded normalised renewal rates for its Data Products and will be establishing a dedicated sales team to accelerate new subscriptions sales going into the next financial year. The academic sector saw robust growth during the half, in part due to the work around the US Presidential election, and the technology sector continued to deliver strong performance. This was partly offset by a slowdown in government sector spending and continued weakness in the gaming industry. CPS continued to perform well, in line with expectations, and the separation from GfK GmbH and integration process in on track.

From a regional perspective, the UK was largely flat as the headcount reduction that was implemented in Q1 led to a slow start to the year. Momentum has since picked up under the new regional leader and the region has seen several new client wins in Q2. The Americas and Asia Pacific regions delivered mid-single digit growth, while EMEA had low single digit decline on an underlying¹ basis due to weakness in Switzerland and the Nordics.

Performance by Geography

Revenue	Six months to 31 Jan 2025 £m	Six months to 31 Jan 2024 £m	Revenue growth %	Underlying1 revenue change %
UK	32.9	33.2	(1%)	(1%)
Americas	64.5	61.8	4%	5%
EMEA	92.8	47.0	97%	(3%)
Asia Pacific	10.2	9.4	9%	7%
Central Items	(8.7)	(8.3)	4%	3%
Group	191.7	143.1	34%	2%

 

 

Operational update

 

Following the disappointing performance seen in FY24, the Company initiated a cost optimisation plan to right-size the cost base for the current financial year. This included a headcount reduction, reducing spend with third parties and scaling back underutilised offices. These measures are anticipated to deliver £20 million in annualised costs savings, of which 70% is expected to be realised in FY25.

 

Additionally, we have made progress on several initiatives that are aimed at returning the Company to historic growth levels such as:

●	Initial improvements in the user experience and interface for our Data Products and an ongoing programme of enhancements planned for the rest of the year.
●	Following the end of the period, YouGov has appointed a dedicated Data Products sales enablement leader to collaborate with our teams globally and bolster our focus on growing our higher-margin, recurring revenue base.
●	Designed a plan to introduce Yabble's AI-based technology into our Data Products, including enhancements that allow users to mine structured data sets using text-based questions and the first integration into our core Data Products. This new feature set will utilise the vast attitudinal and opinion dataset within YouGov Profiles and is expected to be ready for commercial release by the summer of 2025.
●	Appointed the former head of sales at CPS as the new DACH CEO for the YouGov business. His expertise and knowledge of client needs in the region will be a great asset as we look to return the region to growth and realise synergies from the CPS acquisition over time.
●	Expansion of CPS panels in several European markets to expand its purchasing data and full passive measurement live in the Nordics. It is expected that initial commercial sales from passive data collection will be completed in FY25.
●	CPS has commenced investment in its client platform across key products through a strategic partnership with Circana and the two organisations are working to integrate Circana's POS data with CPS' shopper intelligence data to create a comprehensive view of the marketplace. As disclosed at the time of the acquisition, YouGov had planned to invest in CPS' platforms, products and panel. While this investment is expected to result in some margin contraction in the near term, it is expected that CPS will return to historical margins over time.

 

The separation of the CPS division from GfK GmbH is continuing to progress as expected with the vast majority of Transitional Service Agreements (TSAs) to be exited by the end of this financial year. YouGov has been appropriately resourcing its team over the period to ensure a smooth transition and continuity for the division. As part of this integration programme, the CPS business, which has been using SAP as its primary ERP system, will be migrating its data over to YouGov in H2 FY25.

 

Strategic update

 

YouGov's current strategic growth plan (SP3), as communicated at our Capital Markets Day in May 2023, laid out our ambition to become the universal infrastructure for data sharing. To achieve this ambition, we developed our platform strategy centred around increasing our public data capabilities, growing our panel member base, expanding the types of data we collect and ultimately using these to better serve our clients through our differentiated connected data offering.

 

Following the change in leadership, YouGov will be renewing its focus on delivering the SP3 strategy and initially prioritising execution in key areas where we see the greatest potential. These areas are as follows:

 

●	Panel and Public Data: accelerating our public data mission to increase awareness and participation, while firmly establishing YouGov as the trusted data source for public opinion.
●	Products: fuelled by our public data and expanding panel, we aim to build new products and upgrade existing ones through increased use of AI and our ever-expanding, connected dataset.
●	People: build internal structures that deliver our dual-pronged, go-to-market strategy of utilising self-service for standardised research needs and our expert researchers for more custom needs.

 

 

 

 

Financial Review

 

 

On a reported basis, Group revenue increased 34% to £191.7m in the period compared to £143.1m in the six months to January 2024, largely driven by the acquisition of the CPS business. Underlying¹ revenue growth (excluding foreign exchange movements and contribution from acquisitions) was 2%. This performance was in line with expectations given the previously communicated slowdown in sales bookings that we witnessed towards the end of the last financial year and the impact of the implementation of the cost optimisation plan.

 

The Group's results were affected by the net appreciation of £ Sterling as its average exchange rate was 1.9% higher against the USD in this period than in the six months to 31 January 2024. Also, the £ Sterling was 2.2% higher against the EUR in this period than in the six months to 31 January 2024. The net impact of foreign exchange on the Group's adjusted operating profit¹ was a decrease of £0.6m compared to calculation in constant currency terms.

 

Gross Margin remained stable at 81% (HY24: 80%), after accounting for presentational changes made during the FY24 year-end reporting process, primarily the treatment of the panel amortisation charge which was reclassified from administrative expenses to cost of sales.

 

Group Operating costs (excluding separately reported items) of £124.6m, (HY24: £86.8m) increased by 44% in reported terms and 3% on an underlying¹ basis. Group adjusted operating profit (excluding separately reported items) increased to £30.1m (an 7% increase from £28.2m in HY24). Underlying¹ operating profit decreased by 13%, when excluding the impact of acquisitions and FX, due to higher staff and data collection costs during the period.

 

Amortisation charges for intangible assets totalled £19.6m in the period (HY24: £10.6m) of which £6.2m (HY24: £4.8m) relates to our panel asset, £3.1m (HY24: £4.3m) to our software and technology development activities and £10.3m was in relation to acquired intangibles.

 

The statutory operating profit (which is after charging other separately reported items of £15.3m) increased by £5.2m to £14.8m (HY24 £9.6m).

 

Performance by Division

 

YouGov's lines of business fall into three divisions: Data Products, Research and Consumer Panel Services (CPS). As previously communicated, certain revenues, previously recognised as Central revenue had been reclassified to Data Products and Research. Additionally, allocation of central costs to product segments had also been updated to reflect the change in internal structure.

 

Revenue	Six months to 31 Jan 2025 £m	Six months to 31 Jan 2024 £m	Revenue growth %	Underlying1 revenue change %
Data Products	43.0	42.1	2%	1%
Research	87.0	87.2	(0%)	2%
CPS	61.6	14.1	N.A.	-
Central Items	0.1	(0.3)	N.A.	-
Group	191.7	143.1	34%	2%

 

 

Adjusted Operating Profit1	Six months to 31 Jan 2025 £m	Six months to 31 Jan 2024 (restated) £m	Operating Profit growth %	Operating Margin
				Six months to 31 Jan 2025	Six months to 31 Jan 2024 (restated)
Data Products	13.1	15.4	(15%)	30%	37%
Research	8.7	12.6	(31%)	10%	14%
CPS	13.9	8.3	67%	23%	59%
Central Costs	(5.6)	(8.1)	(31%)	-	-
Group	30.1	28.2	7%	16%	20%

 

1 Defined in the explanation of non-IFRS measures below.

 

Data Products

 

Our subscription-based data products suite includes YouGov BrandIndex and YouGov Profiles as well as newer behavioural products, such as YouGov Safe.

 

Revenue from Data Products increased by 2% in reported terms (1% growth on an underlying basis) in the first half of the financial year. In the period, the UK recorded modest underlying¹ growth while EMEA demonstrated strong growth owing to new clients wins in the prior year. While renewal rates across the Group returned to normalised levels, new subscription sales are gradually gaining momentum. Implementation of measures to revive growth in the segment has commenced, and the Company expects Data Products will be well placed to see top-line improvements going into FY26, as the business prioritises new product releases, enhancements to existing products and a concerted focus on new business sales.  

 

The adjusted operating profit from Data Products in the first half of the financial year was £13.1m, slightly ahead of the level recorded in the second half of FY24. The operating margin for the segment decreased to 30% (HY24: 37%), largely due to the inclusion of the Yabble business.

 

Research

 

Our Research division combines our legacy Data Services and Custom Research divisions into a single reporting unit. It comprises our fast turnaround research services, such as YouGov RealTime Omnibus, as well as tailored research projects and tracking studies.

 

In the period, revenue from Research was flat in reported terms and increased by 2% on an underlying¹ basis. Geographically, the UK saw modest declines in custom research projects, due to weakness in the government sector. Conversely, the technology and academic sector fuelled high-single-digit growth in the Americas, while the e-sports and gaming sector continued to decline.  

 

The division's adjusted operating profit declined by 31% to £8.7m (HY24: £12.6m) representing an operating profit margin of 10% (HY24: 14%). This was in large part due to the increase in headcount in the prior year and we expect the division to recover as the benefits of the cost optimisation plan are realised.

 

Consumer Panel Services (CPS)           

 

Our CPS division provides household purchase data across 18 European countries.

 

CPS contributed £61.6m (HY24: £14.1m) of revenue in the period and £13.9m in adjusted operating profit. Due to the nature of CPS data collection and contractual commitments, the division has high variability in revenue recognition in January and July. During the period, the division delivered some client reports ahead of schedule, leading to a high level of contribution to Group adjusted operating profit. This will normalise over the course of the financial year, and we expect the division to perform in line with full-year market expectations.

 

Profitability by Geography

 

Adjusted Operating Profit1	Six months to 31 Jan 2025 £m	Six months to 31 Jan 2024 £m (restated)	Operating Profit growth %	Operating Margin
				Six months to 31 Jan 2025	Six months to 31 Jan 2024 (restated)
UK	3.7	7.0	(47%)	11%	21%
Americas	15.3	17.9	(15%)	24%	29%
EMEA	15.3	9.2	66%	16%	20%
Asia Pacific	(0.5)	0.6	N.A.	(5%)	6%
Central Costs	(3.7)	(6.5)	(44%)	42%	79%
Group	30.1	28.2	7%	16%	20%

1 Defined in the explanation of non-IFRS measures below.

 

Panel Development

 

We continued to invest in our online panel to increase our research capabilities, both in our newer geographies and in the US in the run up to the presidential elections. At 31 January 2025, the total number of registered panellists had increased by 11% to over 30 million, compared to 28 million at 31 January 2024, as set out in the table below.

 

Region	Panel size at 31 January 2025 millions	Panel size at 31 January 2024 millions
UK	3.18	2.98
Americas	11.39	10.09
EMEA	10.67	9.70
Asia Pacific	5.55	4.93
Total	30.79	27.70

 

 

Separately reported items

Separately reported items were £15.3m (HY24: £18.6m) in the period, with the majority comprising of amortisation costs of acquired customer relationship intangible and order backlog assets, together with integration and other one-off costs. Following the acquisition of CPS, YouGov has updated the presentation of separately reported items to include the amortisation costs of acquired customer relationship intangible and order backlog assets.

Finance Costs

 

Group net finance cost increased to £6.5m (HY 2024: net finance income of £0.9m). Finance income for the six months ended 31 January 2025 was £2.3m, as a result of interest received on bank deposits. Interest payable on our debt facilities amounted to £8.1m during the same period.

 

Profit before tax and earnings per share

 

Adjusted profit before tax was £24.1m, decreasing by 21% compared to £30.6m in HY 2024, largely due to the interest paid on the debt facilities. The adjusted tax rate decreased from 22% in HY 2024 to 20%. Statutory profit before tax decreased to £8.3m compared to £10.5 in the six months ended 31 January 2024.

 

During the period adjusted earnings per share has decreased by 18% from 20.8p to 17.1p, owing to the higher interest and share count.  Statutory earnings per share has increased from 4.0p to 6.8p.

 

Cash flow

 

The Group generated £26.4m (HY24: £16.9m) in cash from operations (before paying interest and tax), despite a £12.2m outflow (HY24: £7.5m outflow) from net working capital. Taxation payments for the period totalled £3.8m (HY24: £3.3m) and interest paid amounted to £5.9m (HY24: £0.3m).

 

The Group invested £2.3m (HY24: £6.0m) in the continuing advancement of our technology platform while investment in panel recruitment amounted to £5.2m (HY24: £3.4m). £0.7m (HY24: £0.2m) was spent on the purchase of property, plant and equipment.

 

In August 2024, the Group completed the acquisition of Yabble for a total consideration of £4.1m (net of cash acquired). Other cash outflows included the repayment on the term loan of £31.6m in October 2024 and the annual shareholder dividend payment of £10.6m (HY24: £10.1m) in December 2024.

 

There was a net cash outflow of £23.9m in the period, compared to an outflow of £53.6m in the six months to 31 January 2024. The net cash balance of £49.8m as at 31 January 2025 was largely in line with the prior year (£53.4m).

 

Bank debt and liquidity

 

In 2024, the Group entered into a €280m debt facility to fund the acquisition of CPS. This facility comprised a €40m Revolving Credit Facility ("RCF") and a €240m amortising term loan with a tenor of four years ("Term loan"). As of the end of January 2025, €204m of the term loan and the full RCF was drawn. The Group's liquidity position remains strong with £49.8m in cash on the balance sheet. As a result, post period end, the Company repaid €6m on the RCF.

 

The Group's net debt as at 31 January 2025 was £154.7m and, excluding the impact of IFRS 16, the Group's leverage ratio¹ as of 31 January 2025 was 2.0x.

 

 

Alex McIntosh

Chief Finance Officer

31 March 2025

 

1 Defined in the explanation of non-IFRS measures below.

 

Explanation of Non-IFRS measures

 

Financial Measure	How we define it	Why we use it
Underlying growth	Growth in business excluding impact of current and prior period acquisitions and business closures, and movement in exchange rates (i.e. current year performance calculated with exchange rates held constant at prior year rates)	Provides a more comparable basis to assess the year-to-year operational business performance and is how our performance is reviewed internally
Separately reported items	Items that, in the Directors' judgement, are one-off or need to be disclosed separately by virtue of their size or incidence or excluded to aid comparability
Adjusted operating profit	Operating profit excluding separately reported items
Adjusted operating profit margin	Adjusted operating profit expressed as a percentage of revenue
Adjusted profit before tax	Profit before tax before share based payment charges, imputed interest and separately reported items
Adjusted taxation	Taxation due on the adjusted profit before tax, excluding the tax effect of separately reported items	Provides a more comparable basis to assess the underlying tax rate
Adjusted tax rate	Adjusted taxation expressed as a percentage of adjusted profit before tax
Adjusted profit after tax	Adjusted profit before tax less adjusted taxation	Facilitates performance evaluation, individually and relative to other companies
Adjusted profit after tax attributable to owners of the parent	Adjusted profit after tax less profit attributable to non-controlling interests
Adjusted earnings per share	Adjusted profit after tax attributable to owners of the parent divided by the weighted average number of shares.  Adjusted diluted earnings per share includes the impact of share options
Net debt	Short and long-term borrowings (excluding lease liabilities and including pension defined benefit net deficit) less cash and cash equivalents.	Provides an insight into the debt position of the Group, taking into account current cash resources.
Leverage ratio	Net debt calculated as a multiple of the last 12 months Adjusted EBITDA.

 

 

Reconciliation of Non-IFRS measures¹

Adjusted EBITDA2 reconciliation	Six months to 31 Jan 2025 £m	Six months to 31 Jan 2024 £m (restated)	% Change
Adjusted operating profit1	30.1	28.2	7%
Depreciation	3.8	2.4	58%
Amortisation	19.6	10.6	85%
Adjusted EBITDA	53.5	41.2	30%

 

Adjusted Profit Before Tax2	Six months to 31 Jan 2025 £m	Six months to 31 Jan 2024 £m (restated)	% Change
Statutory profit before tax	8.3	10.5	(21%)
Separately reported items	15.3	18.6	(18%)
Share based payments	0.5	1.5	(67%)
Adjusted profit before tax2	24.1	30.6	(21%)

 

1 See note 7 for reconciliation of adjusted earnings per share.

2 Defined in the explanation of non-IFRS measures above.

 

YOUGOV PLC

STATEMENT OF DIRECTORS' RESPONSIBILITIES

For the six months ended 31 January 2025

 

 

The Directors confirm that these condensed interim financial statements have been prepared in accordance with International Accounting Standard 34, "Interim Financial Reporting", as adopted by the European Union and that the interim management report includes a fair review of the information required by DTR 4.2.7 and DTR 4.2.8, namely:

 

●	an indication of important events that have occurred during the first six months and their impact on the condensed set of financial statements, and a description of the principal risks and uncertainties for the remaining six months of the financial year; and
●	material related-party transactions in the first six months and any material changes in the related-party transactions described in the last annual report.

 

The Board of Directors of YouGov plc are:

●	Andrea Newman - Non-Executive Director
●	Ashley Martin - Non-Executive Director
●	Nick Prettejohn - Non-Executive Director1
●	Shalini Govil-Pai - Non-Executive Director
●	Devesh Mishra - Non-Executive Director
●	Deborah Davis - Non-Executive Chair 2
●	Stephan Shakespeare - Chief Executive Officer
●	Alex McIntosh - Chief Financial Officer

 

By order of the Board:

 

Alex McIntosh

Chief Financial Officer

31 March 2025



1 Resigned from role on 31 March 2025
2 Appointed to role on 4 February 2025

 

 

YOUGOV PLC
CONSOLIDATED INCOME STATEMENT

For the six months ended 31 January 2025