OR and Surf Expo Parent Posts Flat Q2 Organic Revenue

August 4, 2025

Emerald Holding, Inc., owner of Outdoor Retailer and Surf Expo trade shows, reported second quarter 2025 revenues of $105.5 million, a 22.7 percent increase driven by acquisitions. Organic revenues were nearly flat, up 0.4 percent, as three discontinued events offset gains and did not contribute to profitability.

Organic revenues, which take into account the impact of acquisitions, scheduling changes and discontinued events, reached $80.2 million in the second quarter 2025, up 0.4 percent from $79.9 million in the second quarter 2024. Recent acquisitions such as This is Beyond, Insurtech Insights and GRC World Forums would have resulted in 4.6 percent year-over-year organic revenue growth if part of Emerald’s portfolio in the quarter ended June 30, 2024.

Net loss was $1.4 million for the second quarter 2025 compared to a net loss of $2.8 million for the second quarter 2024. Adjusted EBITDA of $24.4 million compared to $15.3 million in the same period a year ago, a 59.5 percent increase. SGB