The following is a summary of the Emerald Holding, Inc. (EEX) Q2 2024 Earnings Call Transcript:

Financial Performance:

• For Q2 2024, Emerald recorded total revenue of $86 million, a slight decrease from $86.5 million in the prior year, due to event scheduling adjustments.

• Organic revenue for Q2 rose to $82.1 million, up $2.6 million or 3.3% from the previous year.

• Adjusted EBITDA for the quarter grew by 4.8% to $15.3 million, with a margin of 17.8%.

• Second quarter free cash flow increased to $7.1 million from $4.6 million in the prior year quarter.

• Net debt stood at $218 million as of June 30, with a net leverage ratio of 2.10 times trailing 12-month consolidated EBITDA.

Business Progress:

• Emerald has implemented onsite pre-booking of exhibitor space through H2 2025, indicating strong future performance.

• The company expects to accelerate the use of artificial intelligence in marketing and content, aiming for full implementation in 2025.

• Emerald has begun strategic growth through targeted acquisitions and new event launches, specifically targeting industries with strong stable growth.

Opportunities:

• Intense customer loyalty and consistent engagement indicate strong market position and potential for revenue growth.

• Leveraging AI technology aims to enhance marketing efficiency and personalization, potentially increasing attendee conversion.

Risks:

• Variability in organic growth rates across quarters, influenced by the staging of trade shows, indicates potential instability.

• Some consumer-oriented sectors have not rebounded as robustly post-pandemic, presenting a challenge to expected growth.

More details: Emerald IR

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