Emerald Holding, Inc. reported a total revenue of $398.8 million for the fiscal year ending December 31, 2024, marking a 4.2% increase from $382.8 million in 2023. The company achieved a net income of $2.2 million, a significant recovery from a net loss of $8.2 million in the previous year. This improvement in profitability was attributed to higher revenues and reduced depreciation and amortization expenses, despite facing increased costs in other areas, including a $9.9 million rise in cost of revenues.
The company undertook several strategic acquisitions in 2024, including Hotel Interactive, Blockchain Futurist Conference, Glamping Americas, and GRC World Forums, which collectively contributed to an increase in revenues. The acquisitions were part of Emerald's strategy to enhance its portfolio and expand its market presence, particularly in the hospitality and outdoor industries. Additionally, Emerald discontinued 28 smaller and unprofitable events, which accounted for $21.2 million in historic run rate revenue, as part of its portfolio optimization efforts.
Emerald's operational metrics showed a positive trend, with organic revenue growth of 5.9% year-over-year, reaching $385.3 million. The company also reported an increase in Adjusted EBITDA to $101.7 million, up 4.0% from $97.8 million in 2023. The total employee headcount as of December 31, 2024, was 697, reflecting the company's commitment to maintaining a skilled workforce to support its growth initiatives.
Looking ahead, Emerald Holding expressed optimism about returning to pre-COVID levels of business activity, although it acknowledged potential challenges from economic conditions, including inflation and interest rates. The company plans to continue focusing on organic growth and strategic acquisitions to enhance its market position. Furthermore, Emerald has reintroduced a quarterly dividend of $0.015 per share, signaling confidence in its financial stability and commitment to returning value to shareholders.
About Emerald Holding, Inc.
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