PR Newswire and TechWeb owner United Business Media (LSE: UBM), led by CEO David Levin, reported “solid performance in an improving environment” for the nine months to September 30, with revenue up 3.9 percent from last year to £642.9 ($1012.24) million.
In its Data Services and Online division, UBM reported higher online revenues thanks to InformationWeek, EE Times and its virtual events and its acquisition of Game Advertising Online, while data revenues were led higher by its TechInsights advisory benefitting from “improved electronics industry market conditions”.
But print revenues fell by 15.3 percent to £103.9 ($163.59) million; UBM operates 106 magazines.
Operating margin in Data Services and Online declined from 12.9 percent to 11.2 percent on investment in virtual events and other products,
But group-wide adjusted operating profit increased by eight percent to £109.5 ($172.41) million.
UBM has this year bought database Hors Antenne, women’s health site OBGYN.net, Canon Communications, UM Paper, Astoud, Route Development Group, a slice of Rotaforte International Trae Fairs & Media, International Children-Baby-Maternity Products Expo, Corporate360, Navalshore, Concrete Show South America, CenTradeX, SharedVue, Ecommerce Expo, Sign China, Advertising Online and. Game Advertising Online.