Emerald Holding, Inc.
emeraldx.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2026 10-Q, filed May 11, 2026. Its latest SEC filing is a 15-12G from Jul 24, 2026.
10-Q for Q1 FY2026, filed May 11, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Organizes business-to-business trade shows, conferences and executive peer events for exhibitors, sponsors and industry attendees.
10-K for FY2025, filed Mar 13, 2026
How Did They Make Money?
Exhibitors and attendees pay event fees before a show, and Emerald earns those fees when the event takes place. Advertisers generally pay after digital products or publications are delivered; software customers pay subscription and service fees under contract terms.
10-K for FY2025, filed Mar 13, 2026Revenue is recognized as the customer receives the benefit of the promised services and performance obligations are satisfied. Revenue is…View ↗
A significant portion of the Company’s annual revenue is generated from the Connections segment primarily related to the production of…View ↗
Revenues from the Company’s Content category primarily consist of advertising sales for digital products and industry publications that…View ↗
Commerce revenues primarily consist of software-as-a-service subscription revenue, implementation fees and professional services. Fees…View ↗
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10-K for FY2025, filed Mar 13, 2026
FY2025 revenue by reportable segment ↗
$463.4M
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10-K for FY2025, filed Mar 13, 2026
$463.4M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Connections
Sold outright
10-K for FY2025, filed Mar 13, 2026 |
91%
FY2022: 87%
|
Connections, FY2025
$423.1M Sources
|
Sold outright |
|
Content
Mix
|
4.1%
FY2022: 8.6%
|
Content, FY2025
$18.9M Sources
|
Mix |
|
Commerce
Recurring
|
4.6%
FY2022: 4.7%
|
Commerce, FY2025
$21.4M Sources
|
Recurring |
Who Were Their Customers?
Exhibitors book booth space and sponsorships, and attendees register for live events; advertisers buy digital and print placements, while manufacturers and retailers use its e-commerce software.
10-K for FY2025, filed Mar 13, 2026Our Connections division consists of our collection of leading B2B events spanning trade shows, expos, conferences and executive peer…View ↗
Our Content division consists of B2B digital media platforms and print publications that complement and extend the value of our existing…View ↗
Our Commerce division primarily offers software-as-a-service technology that enables year-round B2B buying and selling through our Elastic…View ↗
Did Revenues Turn Into Profits?
Not on paper. It lost $30.7M in FY2025, but brought in more cash than it spent: $41.4M of free cash flow.
10-K for FY2025, filed Mar 13, 2026
$22.5MView ↗
10-K for FY2025, filed Mar 13, 2026
−$30.7MView ↗
10-K for FY2025, filed Mar 13, 2026
$41.4MView ↗
How Were They Changing?
10-Q for Q1 FY2026, filed May 11, 2026
Open tableView ↗
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Jul 14, 2026
Apollo completed its acquisitions of Emerald and Questex
Emerald became a wholly owned subsidiary, its stock stopped trading on the New York Stock Exchange, and Hervé Sedky became a senior advisor.
Sources
8-K, filed Jul 14, 2026
NEW YORK, July 14, 2026 – Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have completed the acquisitions…View ↗
Grew. Revenue grew 3.2x in 4 years, from $145.5M in FY2021 to $463.4M in FY2025, about 34% a year.
Broader live-event offering
The older report describes Connections around trade show franchises; the latest also includes expos, conferences, consumer showcases and executive peer networking events.
10-K for FY2022, filed Mar 15, 2023 10-K for FY2025, filed Mar 13, 2026Connections: Our trade show franchises typically hold market-leading positions within their respective industry verticals, with significant…View ↗
Our Connections division consists of our collection of leading B2B events spanning trade shows, expos, conferences and executive peer…View ↗
Who Did They Compete With?
Competes with Reed Exhibitions, Informa Exhibitions, and Clarion Events
10-K for FY2025, filed Mar 13, 2026Other well-established for-profit companies competing in the U.S. trade show industry include Reed Exhibitions, Informa Exhibitions and…View ↗
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