Emerald Holding, Inc. (EEX) Q3 2024 Earnings Call Transcript Summary
Emerald Holding, Inc. (EEX) Q3 2024 Earnings Call Transcript Summary
Year-to-date organic revenue was up 4.8%. However, full-year 2024 revenue and EBITDA projections have been lowered to at least $400 million and $100 million respectively, reflecting discontinuation of underperforming events and operational challenges.The following is a summary of the Emerald Holding, Inc. (EEX) Q3 2024 Earnings Call Transcript:
以下是Emerald Holding, Inc. (EEX) Q3 2024業績會交易摘要：
Financial Performance:
金融業績：
Emerald Holding reported total revenue of $72.6 million for Q3, essentially flat compared to the previous year.
Adjusted EBITDA for the quarter grew 56.3% or $4.5 million to $12.5 million, representing a 17.2% margin.
Year-to-date organic revenue was up 4.8%. However, full-year 2024 revenue and EBITDA projections have been lowered to at least $400 million and $100 million respectively, reflecting discontinuation of underperforming events and operational challenges.
Emerald Holding報告第三季度總營業收入爲7260萬美元，與上一年基本持平。
第三季度調整後的EBITDA增長了56.3%，達到450萬美元，佔比17.2%。
截至目前，有機營業收入增長了4.8%。然而，2024年全年營業收入和EBITDA預測分別下調至至少40000萬美元和10000萬美元，反映出終止表現不佳活動和運營挑戰。
Business Progress:
業務進展：
Executed portfolio optimization by discontinuing 20 underperforming events, anticipated to enhance future margins and overall business growth in 2025.
Strong performance and turnout at recent events including the New York Edition of Advertising Week, with major tech companies participating, shows continued viability and strength of live event formats.
Initiatives for international expansion continue, with significant investment in an international sales team to increase global event participation.
通過終止20項表現不佳的活動進行組合優化，預計能夠提升未來利潤率和2025年整體業務增長。
近期活動表現良好，包括廣告周紐約版，有多家大型科技公司參與，顯示出現場活動形式的持續生命力和實力。
繼續推進全球擴張計劃，大量投資國際銷售團隊，以增加全球活動參與度。
Opportunities:
機會：
Growth and margin improvement expected in 2025 following the discontinuation of unprofitable events, aligning with broader market trends that favor in-person interactions as critical marketing channels.
Further investments in AI are anticipated to enhance internal efficiencies, particularly in marketing personalization and conversion rates.
預計2025年增長和利潤率將改善，由於停止盈利能力低的活動，與更廣泛市場趨勢保持一致，有利於親身的關鍵營銷渠道。
預計將進一步投資人工智能，以提高內部效率，尤其是在營銷個性化和轉化率方面。
Risks:
風險：
Lower than expected performance in the second half of 2024 and content business continuing to underperform, impacting revenue forecasts.
Potential return and cancellations risks, as evidenced by the enforced cancellation due to Hurricane Milton, also pose challenges to event scheduling and revenue stability.
2024年下半年表現低於預期，內容業務持續表現不佳，影響營業收入預測。
潛在的回報和取消風險，如由於颶風米爾頓而被迫取消的行爲所證明，也對活動排期和收入穩定性構成挑戰。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
