Emerald Holding, Inc. Q3 2025 results show aggressive M&A-driven top-line growth contrasting with weak core organic performance and widening quarterly losses driven by high SG&A expenses.
Financial Performance: Q3 revenue grew 6.7% to $77.5M, entirely due to acquisitions, as organic revenue fell 6.8%. The Q3 net loss widened year-over-year to \(\\)(14.4)M\( due to increased SG&A expenses (\\)51.3M vs $40.8M). However, nine-month (9M) net loss improved significantly to \(\\)(0.5)M\( (from \)$(15.6)M\(), largely due to the absence of a prior year \)$(12.7)M$ preferred stock accretion charge. The
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