YouGov plc (YOU) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, this is YouGov bringing you our half year results for the 2023 year and my name is Stefan Shakespeare, I'm the CEO and I would like to say this is the last time that I will be bringing you results as CEO and I'm very happy to say they are results that make me proud. our revenue for the half year is 131.4 million that is 30% up from the same last year the adjusted profit is 22.1 million that is 58% up on an underlying basis and the margin is up to 16.8% with adjusted EPS 19.2 81% up so these are terrific numbers to to report to you this morning. We have shown really top line growth of very strong proportions. This, I think, is very good evidence of the strength of our products and services and indeed our strategy, very in line with my trends and it's, I think, Worth saying that no matter what is thrown at us, whether it's COVID or uncertain markets, all sorts of concerns about all sorts of things happening in the world, the YouGov data streams are exactly what people want and it's very fit for market. So we are seeing good growth. Our sales pipeline is healthy. We haven't seen any material changes in the first half year from our clients in market conditions, although we have to say, of course, that some changes in Silicon Valley, which you'll all be aware of, may lead to some change. We can't predict that one way or the other at the moment. We haven't seen enough. We've had significant margin expansion. This is because of the operational leverage that's coming through. Over the years, we've invested significantly in panel, in analytics, in dashboards. We've templated a lot of solutions, which means customer search, big customer search is becoming more and more profitable. The margins are up and it is a bigger part of our business. And so all of these thi...