earnings
confidence high
sentiment positive
materiality 0.80
Emerald Q2 rev $71.4M (+376% YoY); settles insurance litigation for $149.25M
Emerald Holding, Inc.
2022-Q2 EPS reported
-$0.05
revenue$169,900,000
- Q2 revenue $71.4M, net loss $0.7M (vs $46.5M loss Q2'21); Adjusted EBITDA $15.6M.
- Agreed to settle insurance litigation; expects $149.25M payment in Q3 2022.
- FY 2022 guidance: revenue >$300M, Adj EBITDA >$50M (excl insurance), FCF >$70M.
- Bought back 1.0M shares at avg $3.38 in Q2; ended quarter with $231.7M cash & marketable securities.
- Acquired substantially all assets of Advertising Week in Q2; also acquired Bulletin in July 2022.