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YouGov
Multinational market research company
Multinational market research company
| Field | Value |
|---|---|
| name | YouGov plc |
| logo | YouGov-2019.svg |
| type | Public |
| traded_as | |
| hq_location | London, United Kingdom |
| area_served | Australia, France, Germany, Italy, Singapore, Spain, Switzerland, United Kingdom, United States |
| key_people | |
| industry | |
| members | |
| members_year | 2024 |
| revenue | £335.3 million |
| revenue_year | 2024 |
| operating_income | £10.9 million |
| income_year | 2024 |
| net_income | –£2.1 million |
| net_income_year | 2024 |
| assets | £609.7 million |
| assets_year | 2024 |
| equity | £183.2 million |
| equity_year | 2024 |
| num_employees | |
| num_employees_year | 2024 |
| homepage | |
| foundation | |
| founders |
YouGov plc is an international Internet-based market research and data analytics firm headquartered in the UK with operations in Europe, North America, the Middle East, and Asia–Pacific.
History
2000–2010
Stephan Shakespeare and Nadhim Zahawi formed YouGov in the United Kingdom in May 2000. In 2001, they engaged BBC political analyst Peter Kellner, who became chairman and then, from 2007 to 2016, President.
In its initial years, YouGov hired a number of notable commentators to write columns on its website, including future UK prime minister Boris Johnson, and presenter John Humphrys. In April 2005, YouGov became a public company listed on the Alternative Investment Market of the London Stock Exchange. In the same year, the company launched YouGov BrandIndex, which tracks public opinion on consumer brands using daily polls.
In 2006, YouGov began expanding outside the UK through acquisitions and acquired Dubai-based research firm Siraj for $1.2 million plus an eventual earn-out of $600,000. In 2007, the Palo Alto, California-based US research polling firm Polimetrix, headed by Stanford University professor Doug Rivers, was acquired by the company for approximately $17 million . Also in 2007, the company acquired Scandinavian firm Zapera for $8 million and German firm Psychonomics for $20 million. In 2009 and 2010, YouGov expanded its US operations with two acquisitions, first buying Princeton, New Jersey, research firm Clear Horizons for $600,000 plus an earn-out of $2.7 million, then Connecticut-based research firm Harrison Group for $6 million with a $7 million earn-out.
In 2010, YouGov bought a 20% stake of sports media data company SMG Insight. In 2018, the company acquired the remaining 80% of SMG Insight's stock. The new business was rebranded YouGov Sport. Ahead of the 2010 UK General Election, YouGov entered an exclusive contract to provide political polls to The Times. The business also launched TellYouGov, which combined analysis drawing from social media data and polling results. The business continues to analyse social media, now primarily via YouGov Signal.
2011–2020
In 2011, YouGov acquired Portland, Oregon-based firm Definitive Insights for $1 million with a potential $2 million earn-out and also made its first organic expansion by opening an office in Paris. In January 2014, YouGov entered the Asia Pacific region with the acquisition of Decision Fuel for an estimated consideration of approximately £5 million. Also in 2014, YouGov launched Profiles, an audience segmentation tool, combining data points from its most active panellists showing how the public engages with traditional and new media channels.
In 2016, Peter Kellner stepped down as the company’s Chairman. In this year, YouGov began to use a methodology known as multi-level regression and post-stratification (MRP) in its political polling. Its first public use was during the United Kingdom’s referendum on EU membership. YouGov has used this approach around elections since.
In the 2017 UK General Election, YouGov’s projection was an outlier. While most pollsters projected large Conservative majorities, YouGov correctly predicted a hung parliament. YouGov modelling rightly projected a number of shock results, including in Kensington and Canterbury.
In December 2017, YouGov purchased Galaxy Research to establish a presence in Australia. Galaxy Research was an Australian market research company that provided opinion polling for state and federal politics. Its polls were published in News Limited tabloid newspapers, including the Herald Sun, Courier-Mail, and The Daily Telegraph (in contrast to Newspoll data, which is presented in the News Limited broadsheet newspaper The Australian).
In 2020, YouGov launched YouGov Turkey, the result of an acquisition of Istanbul-based online research agency Wizsight. The business also polled extensively around the coronavirus pandemic, working with Imperial College London to track how populations responded to the virus and associated policies.
2021–present
In 2021, the company completed acquisitions of Canada-based Charlton Insights, Swiss-based LINK Marketing Services AG, and Australia-headquartered Faster Horses. Other acquisitions in 2021 included Lean App which was bought to improve YouGov’s services with financial transaction data, and Rezonence which offers users access to premium content in exchange for taking part in a survey. The business also launched YouGov Safe, giving insight into consumer online behaviour by encouraging consumers to share their data in a GDPR-friendly manner.
In July 2023, YouGov agreed to acquire the consumer panel division of German market research company GfK for €315 million. The next month, YouGov chairman Shakespeare said the company was considering either moving its listing in the UK to the US, or establishing a secondary listing in the US. "I think the markets are better at supporting companies like ours there," he said in an interview with the Financial Times. The company later clarified that it was “not being considered in the near term.”
In January 2024, YouGov concluded the acquisition of GfK’s consumer panel, and also acquired Chicago-based data company KnowledgeHound in a separate deal.
In August 2024, YouGov acquired New Zealand-based generative AI company Yabble for £4.5 million.
Description and governance
Stephan Shakespeare is YouGov’s Chief Executive Officer, replacing Steve Hatch in February 2025. Shakespeare had previously been the company’s CEO between 2010 and 2023 before becoming YouGov’s Non-Executive Chair. Since Peter Kellner's retirement from the company in 2016, its methodology has been overseen by YouGov’s chief scientist, Doug Rivers.
YouGov is a member of the British Polling Council.
Methodology
YouGov specialises in market research and opinion polling through online methods. The company's methodology involves obtaining responses from an invited group of Internet users, and then weighting these responses in line with demographic information. It draws these demographically representative samples from a panel of over 24 million people worldwide.
YouGov's polling results have been found to be notably more accurate than those of other online pollsters that rely on nonprobability sampling instead of random sampling.
Allegation of poll manipulation
In June 2022, former employee and then future MP Chris Curtis, who at that time worked for competitor Opinium, said that during the 2017 United Kingdom general election, a YouGov poll was suppressed by the company because it was "too positive about Labour", under pressure from the Conservative co-founder of YouGov Nadhim Zahawi. YouGov denied that the poll was spiked for political reasons, instead arguing that the poll was based on a "skewed sample". Former YouGov president Peter Kellner confirmed last-minute small methodology changes which transferred 2% from Labour to Conservative and increased the predicted Conservative lead from 3% to 7%.
A day later, Curtis withdrew his allegation, saying that he now accepted "YouGov's position that in fact the results were pulled because of concerns other members of the team had about the methodology", and that he had not intended to allege that Nadhim Zahawi had had any bearing on the decision, and apologised for any confusion caused by his previous statements.
References
References
- "Douglas Rivers Chief Scientist". YouGov.
- (5 November 2024). "YouGov Annual Report & Accounts 2024". YouGov [[Public limited company.
- "Timeline". YouGov.
- "Kellner, Peter Jon".
- (2016-02-15). "YouGov President Peter Kellner to Step Down". MR Web.
- Inglefield, Mark. (2000-07-12). "Heave-ho for 'slow' Boris - Diary". [[The Times]].
- (2006-08-22). "pounds 1m for you, gov". The Guardian.
- "London Stock Exchange – YouGov". London Stock Exchange.
- "Daily Research News Online no. 6227 - Polimetrix Adds to YouGov Cauldron".
- Katie McQuater. (25 May 2018). "YouGov fully acquires SMG Insight".
- (20 January 2022). "About".
- Stokel-Walker, Chris. (2019-11-28). "How YouGov became the UK's best but most controversial pollster".
- Bradshaw, Tim. (2010-03-24). "YouGov embraces social websites". Financial Times.
- (2014-01-09). "Acquisition of Decision Fuel". Investegate.
- Gani, Aisha. (2014-11-18). "Who are you? YouGov profiles the nation's newspaper readers". The Guardian.
- Machell, Ben. (2024-03-04). "If you aren't addicted to YouGov Profiles yet, you soon will be". [[The Times]].
- Burn-Murdoch, John. (2017-06-09). "Election 2017: how the UK voted in 7 charts". Financial Times.
- Wong, Sam. (2019-11-28). "What is MRP and can it predict the result of the UK general election?". New Scientist.
- (17 December 2017). "YouGov acquires Galaxy Research". [[Mumbrella]].
- Brent, Peter. (10 April 2007). "Forget the election contest, look at the pollsters". [[Crikey]].
- (2020-11-17). "YouGov acquires Turkish research company Wizsight". Financial Times.
- Alford, Justine. (2020-04-11). "Open data hub launches to track global responses to COVID-19". Imperial College London.
- (2021-02-05). "YouGov acquires Canadian sports research agency Charlton Insights". AJBell.
- (2021-07-13). "YouGov acquires data insights consultancy Faster Horses". AJBell.
- Clark, Jessica. (2021-04-26). "Yougov acquires open banking start-up Lean App". City A.M..
- (2021-10-12). "YouGov posts strong full-year profits growth, buys tech business Rezonence". Proactive Investors.
- Fernie, Gabby. (2021-04-16). "YouGov Safe launches, giving consumers control over their data". Mobile Marketing.
- Rana, Anchal. (2023-07-06). "YouGov acquires GfK's consumer panel business for $342 million". Reuters.
- Thomas, Daniel. (2023-08-14). "YouGov considers US listing as business expands". Financial Times.
- Warrington, James. (2023-08-14). "YouGov threatens to quit London for New York as City exodus grows". The Telegraph.
- Jones, Jess. (2024-01-10). "New York listing 'not on the agenda' for YouGov as it strikes biggest deal yet". City A.M..
- Prescott, Katie. (2024-01-09). "American deal bolsters talk of YouGov listing switch to New York". [[The Times]].
- Jones, Jess. (2024-08-06). "YouGov shares soar as market researcher snaps up Yabble in £4.5m deal and raises guidance".
- (2025-02-04). "Appointment of CEO".
- Kay-McClean, Liam. (2023-04-17). "Shakespeare to depart as YouGov CEO".
- "British Polling Council Officers and Members".
- "YouGov Panel".
- Sandle, Paul. (2023-03-21). "UK's YouGov says demand from Silicon Valley clients holding up".
- Cohn, Nate. (September 27, 2024). "The Problem With a Crowd of New Online Polls".
- Stone, Jon. (8 June 2022). "YouGov 'banned' release of 2017 election poll because it was too good for Labour".
- Kellner, Peter. (8 June 2022). "Why do polling firms like YouGov tweak polls? Because they are scared of being wrong". [[The Guardian]].
- (11 June 2022). "Ex-YouGov worker retracts claim it suppressed pro-Corbyn poll".
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