Emerald Holding, Inc. (EEX) Q3 2025 Earnings Call Transcript
Total Revenue (Q3 2025) $77.5 million, up from $72.6 million in the prior year quarter, reflecting a year-over-year increase. The increase was primarily due to acquisitions and higher organic revenues.
Organic Revenue (Q3 2025) Down 6.8% year-over-year. The decline was attributed to ongoing construction at the Las Vegas Convention Center and tariff headwinds, which specifically affected the largest event of the quarter.
Adjusted EBITDA (Q3 2025) $12.8 million, up from $12.5 million in the prior year quarter, representing a 2.4% increase. The increase was driven by higher operating income from events and cost management.
Year-to-Date Total Revenue (2025) $330.7 million, an increase of 13.3% compared to the prior year, driven by acquisitions and higher organic revenues.
Year-to-Date Organic Revenue (2025) Increased by 1% year-over-year. Including acquisitions, organic revenue growth would have been 4.3%.
Year-to-Date Adjusted EBITDA (2025) $90.8 million, up from $68.6 million in the prior year period, representing a 32.4% increase. The improvement was driven by strong revenue growth from acquired businesses and margin optimization.
SG&A Expenses (Q3 2025) $51.3 million, up from $40.8 million in the prior year quarter. The increase was due to incremental expenses from acquisitions, higher stock-based compensation, and elevated legal and consulting costs.
Free Cash Flow (Q3 2025) Slightly negative, compared to a $6.7 million inflow in the prior year quarter. The decline was due to timing of payables tied to a large show and acquisition-related cash flow adjustments.
Cash Balance (as of September 30, 2025) $95.4 million, down from $156.4 million as of June 30, 2025, primarily due to funding the Generis acquisition.
Net Debt to Covenant EBITDA Ratio (as of September 30, 2025) 2.96x, slightly below the sub-3.0x financial policy target, following the Generis acquisition.
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Cementos Pacasmayo, Rezolve AI, Emerald Holding, and Other Major Stocks Rising on Monday
U.S. Stock Market Performance: U.S. stocks declined, with the Dow Jones index dropping over 100 points on Tuesday.
Cementos Pacasmayo Surge: Shares of Cementos Pacasmayo SAA rose 47.4% to $10.30 after Holcim agreed to purchase a majority stake in its parent company.
Notable Stock Gains: Several companies saw significant stock increases, including Rezolve AI PLC (23.7%), Emerald Holding Inc (17%), and Tilray Brands Inc (15%).
Strategic Moves and Buybacks: Sezzle Inc announced a $100 million stock buyback, while Emerald Holding is reviewing strategic options following acquisition inquiries.
Tuesday's Top Performers: Advertising, Home Furnishings, and Improvement Stocks
Home Furnishings Sector Performance: Home furnishings and improvement shares increased by approximately 1.5%, with GrowGeneration leading the rise at 12% and RH at 5.7% on Tuesday.
Market Highlights: The article highlights the performance of specific stocks within the home furnishings sector, indicating a positive trend in this market segment.
Video Content: A video segment is mentioned that discusses sector leaders, particularly in advertising and home furnishings.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
Emerald's Stock Rises Following Appointment of Goldman Sachs for Strategic Review
Strategic Review Announcement: Emerald Holding, Inc. has engaged Goldman Sachs to explore potential strategic options following acquisition inquiries, leading to a significant rise in its share price.
Market Response: The company's shares increased by as much as 22.5%, with trading volume doubling its three-month average, indicating strong market interest.
Company Statement: Emerald emphasized the value it has created and the importance of live events in fostering connections and commerce, although no transaction is guaranteed from the review.
Financial Guidance: The company reaffirmed its revenue guidance for FY 2025, projecting between $460M and $465M, along with adjusted EBITDA expectations of $122.5M to $127.5M.
Rosenblatt Reaffirms Buy Rating on Emerald Holding, Adjusts Price Target to $7.7
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, enhancing their trading strategies.
Market Winning Tools: The platform is designed to help traders win in the markets every day with accurate stock market intelligence.
Transcript of Emerald (EEX) Earnings Call for Q3 2025
- Author's Perspective: The views and opinions presented are solely those of the author.
- No Official Endorsement: The content does not necessarily reflect the views of Nasdaq, Inc.
Emerald Announces Financial Results for the Third Quarter of 2025
Financial Performance Overview: Emerald Holding, Inc. reported a 13.3% increase in year-to-date revenues to $330.7 million, driven by acquisitions and organic growth, while net loss improved to $0.5 million from $2.9 million in the prior year. Adjusted EBITDA rose 32.4% to $90.8 million.
Third Quarter Results: For Q3 2025, revenues increased by 6.7% to $77.5 million, but organic revenues declined by 6.8% to $64.0 million. The net loss for the quarter was $14.4 million, compared to $11.1 million in Q3 2024.
Acquisition Impact and Guidance: The recent acquisitions of Generis, This is Beyond, and Insurtech Insights positively influenced revenue growth, prompting Emerald to update its full-year revenue guidance to $460–$465 million and Adjusted EBITDA to $122.5–$127.5 million.
Share Repurchase and Dividend Declaration: Emerald's Board approved a $25 million share repurchase program and declared a quarterly dividend of $0.015 per share, reflecting the company's commitment to returning value to shareholders while managing capital prudently.
Cementos Pacasmayo, Rezolve AI, Emerald Holding, and Other Major Stocks Rising on Monday
U.S. Stock Market Performance: U.S. stocks declined, with the Dow Jones index dropping over 100 points on Tuesday.
Cementos Pacasmayo Surge: Shares of Cementos Pacasmayo SAA rose 47.4% to $10.30 after Holcim agreed to purchase a majority stake in its parent company.
Notable Stock Gains: Several companies saw significant stock increases, including Rezolve AI PLC (23.7%), Emerald Holding Inc (17%), and Tilray Brands Inc (15%).
Strategic Moves and Buybacks: Sezzle Inc announced a $100 million stock buyback, while Emerald Holding is reviewing strategic options following acquisition inquiries.
Tuesday's Top Performers: Advertising, Home Furnishings, and Improvement Stocks
Home Furnishings Sector Performance: Home furnishings and improvement shares increased by approximately 1.5%, with GrowGeneration leading the rise at 12% and RH at 5.7% on Tuesday.
Market Highlights: The article highlights the performance of specific stocks within the home furnishings sector, indicating a positive trend in this market segment.
Video Content: A video segment is mentioned that discusses sector leaders, particularly in advertising and home furnishings.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
Emerald's Stock Rises Following Appointment of Goldman Sachs for Strategic Review
Strategic Review Announcement: Emerald Holding, Inc. has engaged Goldman Sachs to explore potential strategic options following acquisition inquiries, leading to a significant rise in its share price.
Market Response: The company's shares increased by as much as 22.5%, with trading volume doubling its three-month average, indicating strong market interest.
Company Statement: Emerald emphasized the value it has created and the importance of live events in fostering connections and commerce, although no transaction is guaranteed from the review.
Financial Guidance: The company reaffirmed its revenue guidance for FY 2025, projecting between $460M and $465M, along with adjusted EBITDA expectations of $122.5M to $127.5M.
Rosenblatt Reaffirms Buy Rating on Emerald Holding, Adjusts Price Target to $7.7
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, enhancing their trading strategies.
Market Winning Tools: The platform is designed to help traders win in the markets every day with accurate stock market intelligence.
Transcript of Emerald (EEX) Earnings Call for Q3 2025
- Author's Perspective: The views and opinions presented are solely those of the author.
- No Official Endorsement: The content does not necessarily reflect the views of Nasdaq, Inc.
Emerald Announces Financial Results for the Third Quarter of 2025
Financial Performance Overview: Emerald Holding, Inc. reported a 13.3% increase in year-to-date revenues to $330.7 million, driven by acquisitions and organic growth, while net loss improved to $0.5 million from $2.9 million in the prior year. Adjusted EBITDA rose 32.4% to $90.8 million.
Third Quarter Results: For Q3 2025, revenues increased by 6.7% to $77.5 million, but organic revenues declined by 6.8% to $64.0 million. The net loss for the quarter was $14.4 million, compared to $11.1 million in Q3 2024.
Acquisition Impact and Guidance: The recent acquisitions of Generis, This is Beyond, and Insurtech Insights positively influenced revenue growth, prompting Emerald to update its full-year revenue guidance to $460–$465 million and Adjusted EBITDA to $122.5–$127.5 million.
Share Repurchase and Dividend Declaration: Emerald's Board approved a $25 million share repurchase program and declared a quarterly dividend of $0.015 per share, reflecting the company's commitment to returning value to shareholders while managing capital prudently.
