B2B event firm Emerald beats Q2 revenue expectations
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:
