Emerald Holding, Inc. (EEX)

Emerald Holding Inc. missed its Q3 2025 EPS expectations, leading to an 8.99% pre-market stock decline despite revenue exceeding projections. The company's stock soared by 30% after it confirmed receiving multiple inquiries regarding a potential acquisition, and the board initiated a review of strategic options. The stock has experienced volatility, with its price falling over 24% in the six months leading up to December 16, 2025. Around January 30, 2026, the stock exhibited a "Bullish Crossover," a technical indicator suggesting a potential trend reversal after a downtrend. In Q1 FY 2025, Emerald repurchased 2 million shares for $8.8 million, and in Q2 FY 2025, it repurchased 0.8 million shares for $2.8 million; management authorized an additional $25 million for buybacks in July 2025.

Specific seasonal demand patterns for Emerald Holding, Inc.'s products and services are not explicitly detailed, though exhibitors typically contract for booth space and sponsorships up to a year in advance, with fees often invoiced and collected in full prior to the event. The company's business is influenced by general economic conditions and corporate spending patterns, as well as conditions within individual industry sectors.

Emerald Holding, Inc. is a B2B event organizer in the United States, creating market-driven platforms that integrate live events with industry insights, digital tools, and data solutions. The company's core business revolves around B2B trade shows and conferences, complemented by B2C showcases and a hosted buyer platform. Beyond physical events, Emerald also provides B2B print publications and digital media products, offering industry-specific news and information across various sectors. Additionally, it delivers B2B e-commerce and digital merchandising solutions through its Elastic Suite and Bulletin platforms, which serve as year-round transactional platforms for manufacturers and retailers. Emerald's industry focus spans diverse categories including home décor, giftware, stationery, children's products, pet supplies, fashion accessories, technology, advertising, and marketing.

The company primarily operates in the United States, maintaining a robust calendar of events throughout North America. Emerald Holding, Inc. has a limited international revenue exposure, with approximately 10% of its total revenue generated from international exhibitors. China and Canada each contribute about 2% to this international revenue, while Mexico accounts for less than 1%.

Specific information regarding Emerald Holding, Inc.'s overall brand reputation in the past year is not explicitly detailed in the provided search results. However, an acquired company, "This is Beyond," a London-based luxury travel event business, has built a strong reputation in the luxury travel market since its founding in 2009. There is no specific mention of events that negatively affected Emerald Holding, Inc.'s reputation in the past year.

Emerald Holding, Inc.'s ownership is significantly concentrated, with Onex Corp holding a controlling stake of approximately 93.28% of the common stock. Major institutional shareholders include Advisory Research Inc, BlackRock, Inc., MSD Partners, L.P., Contrarian Capital Management, L.l.c., Hotchkis & Wiley Capital Management Llc, Raymond James Financial Inc, Bank of New York Mellon Corp, DES - WisdomTree U.S. SmallCap Dividend Fund N/A, IWM - iShares Russell 2000 ETF, and Geode Capital Management, Llc, collectively holding 10,750,878 shares.