Cannae Holdings 2025 Q3 Earnings Net Loss Widens 304.6% to $70.8M

Cannae Holdings (CNNE) reported Q3 2025 results marked by a significant widening of losses despite a modest revenue beat. , . Management revised its full-year guidance downward, projecting $2.25B–$2.28B in revenue and $595M–$620M in Adjusted EBITDA.

Revenue

, driven by a 6.1% drop in restaurant sales to $94.6 million. The restaurant segment, which constitutes the majority of the company’s operations, faced inflationary pressures on commodity and labor costs, partially offset by menu pricing adjustments. Non-restaurant revenue, primarily from real estate and resort operations, contributed $12.3 million, reflecting a stable performance in ancillary business lines.

Earnings/Net Income

, , . , driven by equity losses in unconsolidated affiliates and reduced net recognized gains. The earnings shortfall underscores ongoing challenges in achieving operational stability.

Post-Earnings Price Action Review

Following the earnings release, Cannae’s stock dipped 0.69% in after-hours trading to $17.36, reflecting investor disappointment over the widened loss and revised guidance. The stock has underperformed the S&P 500 this year, . Analysts highlight the Zacks Rank #4 (Sell) rating, citing unfavorable earnings estimate revisions and a lack of near-term catalysts to reverse the downward trend.

CEO Commentary

Cannae’s leadership emphasized a long-term ownership strategy, focusing on active management of core operating companies to maximize shareholder value. CEO highlighted progress in portfolio rebalancing, including the $630M divestiture of Dun & . , .

Guidance

Cannae did not provide explicit forward-looking guidance in the Q3 filing, instead reiterating its focus on long-term ownership and operational management. However, , signaling continued uncertainty in execution.

Additional News

; Bradstreet, , debt repayment, and dividends. , , , aligning with its strategic focus on sports assets. , .