"We are deeply committed to balancing the well-being of both our people and our clients during this challenging time."
News follows cancellation of MWC announced last week.
Revenue at Ascential's marketing division fell 8% in 2018, while Ebitda dropped by almost a fifth.
Clients have had to rely on multiple providers in the past for a complete picture of their online sales performance.
Revenue from delegate passes and awards entries fell by 15.5% and 13.6%, respectively.
As the festival inches to a close, Ascential CEO reflects on whether the lower attendance will be the new normal.
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