Emerald Holding Q4 revenue rises 24% on acquisitions

Emerald Holding

13/03/2026 10:34

Overview

U.S. trade show organizer's Q4 revenue rose 24% yr/yr, driven by acquisitions

Adjusted EBITDA for Q4 rose 10% yr/yr, reflecting contributions from recent acquisitions

Company posted a Q4 net loss due to higher non-recurring acquisition-related expenses

Outlook

Emerald expects 2026 revenue of $490–$495 mln and adjusted EBITDA of $137.5–$142.5 mln

Company says current sales trends provide visibility for continued growth in 2026

Emerald highlights a resilient, diversified portfolio and healthy customer demand entering 2026

Result Drivers

ACQUISITIONS - Q4 revenue growth was primarily driven by $25.4 mln in revenue from acquisitions, according to the company

NEW EVENT LAUNCHES - Organic revenue growth in the Connections reportable segment was mainly due to new event launches

NON-RECURRING EXPENSES - Q4 net loss was mainly due to higher non-recurring acquisition-related expenses, including contingent consideration remeasurement adjustments

Company press release: ID:nBw3dsYl0a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$132.70 mln
$131.15 mln (2 Analysts)
Q4 Net Income
-$30.20 mln
Q4 Adjusted EBITDA
Beat
$36.30 mln
$33.10 mln (2 Analysts)
Q4 Capex
$2.20 mln
Q4 Free Cash Flow
$10.10 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 $7.85, about 89.2% above its March 12 closing price of $4.15

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)