$EEX reports strong FY2022 growth following COVID recovery
Mar 14th 2023, 10:26 am
Analyst Summary: Emerald Holding Inc, the largest producer of trade shows and conferences in America, has reported its financial results for Q4 and full year FY2022. The company's total revenues for FY2022 were $325.18 million, marking a YoY increase of 124%. The company's Xcelerator unit launched four new brands in high-growth sectors in FY2022, and Emerald traded 124 in-person trade shows in FY2022. The CEO of Emerald, Brian Field, said that the strong recovery in the events industry in 2022 was due to COVID waning and exhibitors and attendees eager to get back to in-person events. Furthermore, Emerald's unique business model offers multiple revenue drivers that are focused on making Emerald a stronger leader in the industry. Looking ahead, Emerald is focused on its three strategic priorities: customer centricity, 365-day engagement, and portfolio optimization, and is also confident in the future of the industry and the company's position as a leading player.