Trade show organizer Emerald beats Q3 revenue estimates on acquisitions

Emerald Holding

31/10/2025 10:33

Overview

Emerald Q3 2025 revenue rises 6.7% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 2025 beats consensus, increasing by 2.4%

Company extends share repurchase program, authorizing up to $25 mln through 2026

Outlook

Emerald updates full-year 2025 revenue guidance to $460–$465 mln

Company raises full-year 2025 Adjusted EBITDA guidance to $122.5–$127.5 mln

Emerald cites strong rebooking trends and solid pacing for 2026

Result Drivers

ACQUISITIONS - Revenue growth primarily driven by acquisitions, offsetting declines in organic revenue

SCHEDULING IMPACT - Scheduling differences and discontinued events contributed to lower organic revenue

NON-RECURRING EXPENSES - Higher non-recurring expenses impacted net loss, despite increased tax benefits and lower impairment charges

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$77.50 mln
$76.80 mln (2 Analysts)
Q3 Net Income
-$14.40 mln
Q3 Adjusted EBITDA
Beat
$12.80 mln
$10.80 mln (2 Analysts)
Q3 Capex
$2.20 mln
Q3 Free Cash Flow
-$400,000


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 $7.95, about 44% above its October 30 closing price of $4.45

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 33 three months ago

Press Release: ID:nBw9S6xzza

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(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.)