Emerald Expositions Events Inc. (EEX) saw its stock price plummet by 10.56% in pre-market trading on Friday, following the release of its third-quarter 2025 financial results. The company, which organizes trade shows and other events, reported a wider net loss and lower earnings per share than analysts had expected, overshadowing a slight revenue beat.

According to the earnings report, Emerald posted a Q3 net loss of $14.4 million, or $0.07 per share, compared to a loss of $0.05 per share in the same quarter last year. This figure missed the analyst consensus estimate of a $0.04 loss per share. Despite the disappointing bottom line, the company's revenue rose 6.7% year-over-year to $77.5 million, slightly exceeding the analyst expectations of $76.8 million.

The wider loss was attributed to higher non-recurring expenses and scheduling differences impacting organic revenue. While acquisitions drove overall revenue growth, the company faced challenges from discontinued events and changes in event schedules. In a bid to boost investor confidence, Emerald announced an extension of its share repurchase program, authorizing up to $25 million through 2026. Additionally, the company raised its full-year 2025 revenue guidance to $460-$465 million, up from the previous range of $450-$460 million, citing strong rebooking trends and solid pacing for 2026. However, this positive outlook was not enough to prevent the significant stock decline, as investors focused on the earnings miss and wider losses.