NEW YORK (BRAIN) — Emerald Expositions, the owner of the Outdoor Retailer shows and Interbike, saw its revenues rebound 376% in the second quarter as trade shows resumed following two years of COVID cancellations.
In addition to the increased show revenues, Emerald reached an agreement with insurance carriers that will bring in nearly $150 million in the third quarter for its canceled and impacted events. Emerald's total insurance proceeds will total $373 million.
In the second quarter Emerald held 29 in-person trade shows, conferences and other events, generating revenues of $71.4 million; in the second quarter last year, it brought in just $15 million.
Also in the quarter, Emerald acquired Advertising Week the event and media company.
Interbike has not been held since 2018. But Emerald announced in June that it would hold a consumer demo event in June 2023 in Utah that will include bike and outdoor demo opportunities.
Emerald's Outdoor Retailer Show will return to Salt Lake City, Utah, next year, after having been hosted by Denver, Colorado, for several years.
