earnings
confidence high
sentiment neutral
materiality 0.70
Emerald Q2 revenue $86.5M (+21% YoY); net loss $8.1M; reaffirms FY revenue >$400M
Emerald Holding, Inc.
2023-Q2 EPS reported
-$0.33
revenue$208,800,000
- Revenue of $86.5M, up 21.1% YoY; Organic Revenue $79.2M, up 11.1%.
- Net loss of $8.1M vs loss $0.7M; diluted EPS loss $0.29 vs $0.15.
- Adjusted EBITDA $14.6M; ex-insurance $14.6M vs $7.5M in Q2 2022.
- Extended term loan maturity to May 2026; cash $204.7M with full $110M revolver.
- New NBA partnership with first NBA Con in July 2023; FY guidance >$400M revenue, >$100M Adjusted EBITDA.