Logotype for Emerald Holding Inc

Emerald (EEX) investor relations material

Emerald Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Emerald Holding Inc
Q2 2025 earnings summary4 Aug, 2025

Executive summary

  • Revenue grew 22.7% year-over-year to $105.5 million in Q2 2025, driven by acquisitions, portfolio optimization, and organic growth in the Connections segment.

  • Adjusted EBITDA increased 59.5% to $24.4 million, reflecting improved operating performance and higher add-backs for non-recurring expenses.

  • Net loss narrowed to $1.4 million from $2.8 million year-over-year, primarily due to higher operating income offset by increased tax provision.

  • Major acquisitions included This is Beyond, Insurtech Insights, and GRC World Forums, expanding the portfolio in luxury travel, insurance technology, and compliance sectors.

  • Strong rebooking trends for 2026 and high customer retention signal confidence in the portfolio and resilience of in-person events.

Financial highlights

  • Q2 2025 revenue was $105.5 million, up 22.7% year-over-year; Adjusted EBITDA was $24.4 million, up from $15.3 million in Q2 2024.

  • Free cash flow for Q2 2025 was $13.8 million, with six-month free cash flow at $24.6 million, both up significantly year-over-year.

  • Net loss for Q2 2025 was $1.4 million; diluted loss per share improved to $(0.01) from $(0.03) year-over-year.

  • Cash and cash equivalents at June 30, 2025 were $156.4 million, with full availability of a $110 million credit facility.

  • Net debt to covenant EBITDA ratio at 2.56x, within the sub-3x target.

Outlook and guidance

  • Reaffirmed full-year 2025 guidance: revenue of $450–$460 million and Adjusted EBITDA of $120–$125 million.

  • Q3 organic growth expected to be negative due to event mix and Las Vegas Convention Center construction, with stronger growth anticipated in Q4.

  • 2025 bookings are 90% complete, with strong rebooking rates for 2026 and encouraging trends into H1 2026.

  • Guidance reflects uncertainty around tariffs, macroeconomic factors, and market disruptions, but overall exposure is limited.

  • Management expects current financial resources to be sufficient for liquidity needs over the next twelve months.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Emerald earnings date

Logotype for Emerald Holding Inc
Q3 202529 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Emerald earnings date

Logotype for Emerald Holding Inc
Q3 202529 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Emerald Holding, Inc. operates business-to-business trade shows in the United States. The Company's primary focus is on business-to-business exposition events or expositions, also referred to as trade shows. Its exhibitions feature consumer and business products and services in various industries, such as education and childcare, business services, agriculture and farming, and construction tools and equipment. As of December 31, 2012, the Company operated in 46 U.S. states and 20 Canadian cities with a portfolio of 64 leading U.S. shows and 16 leading Canadian shows. It operates in four segments: United States Trade Shows, Canadian Trade Shows, British Columbia Golf Tournaments and Other Segments. Emerald Expositions Events, Inc. is headquartered in New York, New York.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage