Earnings summaries and quarterly performance for Cannae Holdings.
Executive leadership at Cannae Holdings.
Board of directors at Cannae Holdings.
Research analysts who have asked questions during Cannae Holdings earnings calls.
Recent press releases and 8-K filings for CNNE.
Cannae Holdings Reports Q3 Loss Amid Strategic Portfolio Shift
CNNE
Earnings
Share Buyback
New Projects/Investments
- Cannae Holdings reported a Q3 2025 quarterly loss of $1.06 per share and a slight revenue decline to $106.9 million, primarily due to lower restaurant revenue.
- The company significantly reduced its public investment portfolio from 70% to 20%, generating $630 million from the sale of Dun & Bradstreet.
- Cannae has returned over $500 million to shareholders since announcing its strategic plan, representing 35% of the shares outstanding at that time.
- Investment performance was mixed, with Alight experiencing a 4% revenue decline and significant equity losses, while sports investments like AFC Bournemouth and Black Knight Football Club showed positive growth and successful player trading.
Nov 11, 2025, 12:34 AM
Cannae Holdings Reports Q3 2025 Results, Continues Portfolio Rebalancing and Shareholder Returns
CNNE
Earnings
Share Buyback
New Projects/Investments
- Cannae Holdings reported Q3 2025 operating revenue of $107 million, a decrease from $114 million in the prior year's third quarter, with total operating expenses decreasing by $12 million to $120 million. Net recognized gains were $8 million, and equity and losses of unconsolidated affiliates totaled $57 million.
- The company continued its strategic rebalancing, transitioning its portfolio from 70% public investments to 20% public investments today, having sold $1.1 billion of public company securities since February 2024.
- Cannae generated $630 million in proceeds from the sale of Dun & Bradstreet, using $424 million to repurchase $275 million of its shares, repay $141 million of its margin loan, and distribute $8 million in dividends.
- Since the start of Q3 2025, Cannae repurchased $163 million of stock at an average discount to NAV of 31%, bringing year-to-date repurchases to $275 million, or 23% of shares outstanding. The company has returned over $500 million to shareholders since February 2024.
- Strategic investments include acquiring an additional 30% stake in Jana Partners for $67.5 million, increasing ownership to 50%, and investing $25 million in Black Knight Football, with a future focus on sports and sports-related assets.
Nov 10, 2025, 10:00 PM
Cannae Holdings, Inc. Announces Q3 2025 Financial Results and Strategic Updates
CNNE
Earnings
Share Buyback
M&A
- Cannae Holdings, Inc. reported a net loss attributable to common shareholders of $(68.4) Million, or $(1.25) per share, for the third quarter of 2025, on total operating revenues of $106.9 Million.
- The company continued its capital return program, purchasing $163 Million of its stock in Q3 2025 and $275 Million year-to-date through November 10, 2025, representing 22.9% of shares outstanding at the prior year-end.
- Cannae closed the sale of Dun & Bradstreet on August 26, 2025, receiving $630 Million in cash proceeds, and repaid $141 Million outstanding on its margin loan in Q3 2025.
- Portfolio company Alight reported Q3 2025 revenue of $533 Million and Adjusted EBITDA of $138 Million, but recognized a $1.3 Billion non-cash goodwill impairment, resulting in a net loss of $1,055 Million. Alight also lowered its 2025 guidance.
- Cannae increased its ownership in JANA Partners to 50% with a $67.5 Million purchase in September 2025, and its Black Knight Football Club saw AFC Bournemouth achieve the second highest net player sales income in European football.
Nov 10, 2025, 9:12 PM
Quarterly earnings call transcripts for Cannae Holdings.
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