Cannae Holdings 2025 Q3 Earnings Wider Loss Amid Revenue Beat

Cannae Holdings (CNNE) reported Q3 2025 results marked by a significant earnings shortfall despite revenue outperforming estimates. , . Management revised prior guidance downward, .

Revenue

, driven by weaker performance in its restaurant segment. The restaurant group, which includes O’Charley’s and 99 Restaurants, , reflecting ongoing challenges from inflationary pressures. Meanwhile, , maintaining a stable contribution to total operating revenues. The company’s diversified portfolio saw mixed results, with Alight’s equity losses contrasting against improved performance in its Black Knight Football Club (BKFC) segment.

Earnings/Net Income

, , in Q3 2025, . The EPS miss of 331.03% compared to forecasts underscored persistent operational challenges. The loss was exacerbated by equity in losses from unconsolidated affiliates and reduced net recognized gains, highlighting the company’s exposure to volatile investments. The performance reflects a deteriorating earnings trajectory, with the company failing to meet consensus EPS estimates over the past four quarters.

Price Action

The stock price of Cannae Holdings has shown consistent declines, , , . These movements align with broader concerns over the company’s ability to sustain profitability and deliver shareholder value.

Post-Earnings Price Action Review

The strategy of buying CNNE shares on the date of its revenue raise and holding for 30 days yielded underwhelming results over the past three years. While CNNE occasionally exceeded revenue expectations, leading to potential buying opportunities, the overall performance was lackluster. Holding CNNE shares for 30 days after a revenue raise resulted in limited gains, as seen in the Q3 2025 beat, . Over the past three years, CNNE’s stock price fluctuated significantly, with periods of positive performance offset by substantial losses. The strategy failed to capitalize on revenue beats, and significant quarterly losses, such as the Q3 2025 EPS miss, eroded any gains. Investors must weigh short-term appreciation potential against the risks of quarterly losses and the overall declining trend in CNNE’s stock price over the longer term.

CEO Commentary

Cannae Holdings CEO emphasized the company’s focus on long-term ownership and active management of its portfolio businesses to maximize shareholder value. Strategic priorities include leveraging control and governance rights to drive operational efficiency and market positioning. The tone of the commentary was neutral, reflecting ongoing efforts to navigate business challenges without explicit optimism or caution.

Guidance

The company did not provide explicit forward-looking guidance or quantitative expectations for future performance in the provided text. No references to earnings projections, revenue targets, or strategic investments were included in the 8-K filing excerpt.

Additional News

; , , , and dividends. , , through buybacks and dividends. Additionally, , signaling a strategic pivot toward sports and sports-related assets. These moves align with CEO ’s emphasis on rebalancing the portfolio for long-term value creation.