Cannae Holdings Inc. has released its first quarter 2025 results, highlighting several key financial metrics and business updates. The company reported a net loss of $3.2 million for the quarter, compared to a net loss of $2.4 million in the same period in 2024. Adjusted EBITDA from continuing operations was reported at $12.1 million, significantly up from $0.4 million in the previous year. System1, a company in which Cannae holds an investment, reported first quarter 2025 revenue and Adjusted EBITDA above the high-end of management's guidance. However, Cannae's results do not presently include System1's net earnings or loss due to the equity method of accounting used for this investment. Additionally, Cannae accounts for its investment in the Restaurant Group as a consolidated subsidiary, which means its results are reflected in the company's consolidated financial statements.
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