B2B event firm Emerald beats Q2 revenue expectations

Emerald Holding

04/08/2025 11:35

Overview

Emerald Q2 revenue grows 22.7% yr/yr, beating analyst expectations

Adjusted EBITDA for Q2 rises 59.5%, surpassing estimates, per LSEG data

Company reports Q2 net loss of $1.4 mln, down from $2.8 mln last year

Outlook

Emerald reaffirms full-year 2025 revenue guidance of $450-460 mln

Company expects full-year 2025 adjusted EBITDA of $120-125 mln

Emerald sees encouraging booking trends into first half of 2026

Company cites high ROI of trade shows for sustained growth

Result Drivers

ACQUISITIONS - Revenue growth driven by acquisitions and scheduling adjustments of $1.6 million

ORGANIC GROWTH - Organic revenue growth muted at 0.4% due to event timing and mix

ADJUSTED EBITDA - Significant increase in adjusted EBITDA attributed to acquisitions and operational improvements

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$105.50 mln
$100.20 mln (2 Analysts)
Q2 Net Income
-$1.40 mln
Q2 Adjusted EBITDA
Beat
$24.40 mln
$20.10 mln (2 Analysts)
Q2 Capex
$2.10 mln
Q2 Free Cash Flow
$13.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for Emerald Holding Inc is $7.90, about 38.5% above its August 1 closing price of $4.86

The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nBw84BshWa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)