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Information business Euromoney reported a fall in revenue for the nine months through the end of June as cancelled events weighed on its asset management business.
Revenue for the nine months ended 30 June 2020 fell to £255.4m from £295.8m on-year.
Events cancelled and postponed as a result of Covid-19 reduced revenue growth by 16%.
In its asset management segment, underlying revenue declined 9% driven by subscriptions, which were down 12%.
'Subscription revenue at Institutional Investor is event driven and so has been adversely impacted by covid-19, which has affected our ability to run face-to-face events for members,' the company said.
The company said its financial position remained strong, with net cash at the end of June 2020 rising to £13.9m.