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/Mis Actual Consensu

s s

Estimate

Q2 Beat $105.50 $100.20

Revenue mln mln (2

Analysts

)

Q2 Net -$1.40

Income mln

Q2 Beat $24.40 $20.10

Adjusted mln mln (2

EBITDA Analysts

)

Q2 Capex $2.10

mln

Q2 Free $13.80

Cash mln

Flow

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 ( EEX ) 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:

(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.)