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/Mis Actual Consensu

s s

Estimate

Q3 Beat $77.50 $76.80

Revenue mln mln (2

Analysts

)

Q3 Net -$14.40

Income mln

Q3 Beat $12.80 $10.80

Adjusted mln mln (2

EBITDA Analysts

)

Q3 Capex $2.20

mln

Q3 Free -$400,00

Cash 0

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 $7.95, 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:

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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.)