Emerald Q3 revenue up 16% to $72.5M; cuts FY guidance to $385-395M rev, $95-100M EBITDA

Emerald Holding, Inc.

2023-Q3 EPS reported -$0.33 revenue$281,300,000

Revenue $72.5M (+16% YoY); Organic revenue $68.5M (+22%). Core trade show strong, content weak.
Net income $10.7M vs $93.0M; Adjusted EBITDA $10.8M vs $149.7M (ex-insurance: $8.0M vs -$1.3M).
FY guidance reduced: revenue $385-395M, Adj. EBITDA $95-100M, due to tech ad spending softness.
Board expanded share repurchase program to $25M through Dec 2024; prior remaining $3M.
Cash $200.3M; full $110M revolver availability. Year-to-date revenue growth 21%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Emerald Holding, Inc. reported the third quarter ended September 30, 2023 results: revenue $72.5 million, net income $10.7 million, EPS $ —. Guidance lowered.

Period: the third quarter ended September 30, 2023
Revenue: $72.5 million
Net income: $10.7 million
EPS: $ —
Guidance: lowered
Result: reported results

Exact text from the filing

shows and their associated conferences, content and commerce, today reported financial results for the third quarter ended September 30, 2023. Financial Highlights • Revenues of $72.5 million for the third quarter 2023, an increase of $10.1 million, or 16.2% over Q3 2022, primarily due to growth in events that staged in both Q3 2023 and Q3 2022, new launches and

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Source: SEC EDGAR

accession 0000950170-23-058995

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