NYSE$CNNE

Cannae Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Cannae Holdings reported a net loss in the fourth quarter of 2024, with a decrease in total operating revenue compared to the previous year.

Cannae Holdings, Inc. reported a net loss of $46.1 million for the fourth quarter of 2024, an improvement from a $58.4 million net loss in the same period last year. Total operating revenue decreased to $109.9 million from $119.3 million in Q4 2023. The company's EPS was -$0.74.

  • Cannae Holdings reported a net loss attributable to common shareholders of $46.1 million in Q4 2024, an improvement from a $58.4 million loss in Q4 2023.
  • Total operating revenue for Q4 2024 was $109.9 million, down from $119.3 million in the prior year's fourth quarter.
  • The company's operating loss for Q4 2024 was $22.0 million, compared to an operating loss of $24.7 million in Q4 2023.
  • Adjusted EBITDA for the Restaurant Group was $1.4 million in Q4 2024, a decrease from $2.4 million in Q4 2023.

Headline financials

Total Revenue

$110M

Previous: $119M-7.9%
EPS (adj)

-$0.74

Previous: -$0.83+10.8%
Restaurant Adj. EBITDA

$1.3M

No prior period
BKFC Total Revenue

$31.2M

No prior period
Alight Adj. EBITDA

$217M

No prior period
Alight Free Cash Flow

$92M

No prior period
Capital Expenditures

-$2.4M

No prior period
Net Income

-$46.1M

Previous: -$58.4M+21.1%
Operating Income

-$22M

Previous: -$24.7M+10.9%
Gross Profit

$14.7M

Previous: $16.8M-12.5%

Revenue & EPS history

Cannae Holdings · Revenue · Quarterly

$110M

Q4 2024-7.9%vs Q4 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Cannae Holdings · $99.4M total across 1 segment · Q2 2020

  • Restaurant Group
    $99.4M

Forward guidance

Cannae Holdings provided forward-looking statements for its portfolio companies, including revenue and Adjusted EBITDA guidance for Dun & Bradstreet and Alight for 2025.

Tailwinds

  • Dun & Bradstreet provided 2025 guidance for revenue of $2.44 Billion to $2.5 Billion, with organic revenue growth in the range of 3.0% to 5.0%.
  • Dun & Bradstreet expects Adjusted EBITDA in the range of $955 Million to $985 Million for 2025.
  • Alight provided 2025 guidance for revenue of approximately $2.32 Billion to $2.39 Billion.
  • Alight expects Adjusted EBITDA in the range of $620 Million to $645 Million for 2025.
  • Paysafe expects year-over-year revenue growth to be between 6.5% and 8.0% for 2025, excluding the disposed business.

Headwinds

  • Forward-looking statements involve risks and uncertainties, and actual results may differ materially from projections.
  • Changes in general economic, business, and political conditions, including financial markets and macroeconomic conditions, could impact results.
  • Risks associated with the Investment Company Act of 1940 are noted.
  • Potential inability to find suitable acquisition candidates or difficulties in integrating acquisitions are risks.
  • Significant competition faced by operating subsidiaries and risks related to externalization of management functions are also noted.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.4%

Avg return

Earnings day

-0.8%

Avg return

5 days after

-0.8%

Avg return

30 days after

42%

16 / 38 earnings

Positive

+19.6%

Q3 2019

Best reaction

-14.5%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.5%-7.4%+0.8%
Q4 2025-10.2%-3.7%-13.0%
Q3 2025-9.6%-10.0%-0.8%
Q1 2025-6.0%-2.1%+5.1%
Q4 2024-0.5%+4.4%-1.8%
Q3 2024-1.1%-4.6%-3.1%
Q2 2024-1.3%-2.1%-1.5%
Q1 2024+4.1%+6.0%-12.2%
Q4 2023+9.0%+8.5%+9.3%
Q3 2023-1.3%+1.3%+6.1%
Q2 2023-4.6%-1.4%-1.7%
Q1 2023-2.4%-1.4%+9.8%
Q4 2022+2.7%-0.2%-14.5%
Q3 2022+9.2%+10.8%-4.6%
Q2 2022-1.6%+1.3%-3.2%
Q1 2022-14.5%-10.7%-3.9%
Q4 2021-8.2%-10.9%-14.8%
Q3 2021-2.6%-6.6%-4.7%
Q2 2021+4.1%+1.4%+0.3%
Q1 2021-5.3%-4.8%-8.7%
Q4 2020+0.1%-4.2%-0.3%
Q3 2020+5.6%-0.2%+5.1%
Q2 2020+0.9%+0.7%-5.6%
Q1 2020+7.9%+3.9%+19.4%
Q4 2019-4.6%-10.3%-28.8%
Q3 2019+19.6%+21.0%+25.9%
Q2 2019+0.2%-1.0%-5.4%
Q1 2019-2.7%-2.6%+1.9%
Q4 2018+3.2%+2.8%+10.4%
Q3 2018-1.0%-4.1%-8.2%
Q2 2018-1.9%+2.8%+5.3%
Q1 2017-1.9%-5.1%-2.9%
Q1 2018-1.6%-4.2%-2.9%
Q4 2015+1.0%+1.7%+9.6%
Q2 2017+1.0%+1.7%+9.6%
Q4 2017-0.1%+3.3%+2.6%
Q4 2016+1.0%-2.4%-5.0%
Q3 2017+1.0%-2.4%-5.0%
Q3 2016
Q2 2016
Q1 2016
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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