Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Supplemental Pro-Forma Information

Supplemental information on an unaudited pro-forma basis, is reflected as if each of the 2025, 2024 and 2023 acquisitions had occurred at the beginning of the year prior to the year in which each acquisition closed, after giving effect to certain pro-forma adjustments primarily related to the amortization of acquired intangible assets and related income tax effects. The unaudited pro-forma supplemental information is based on estimates and assumptions that the Company believes are reasonable. The supplemental unaudited pro-forma financial information is presented for comparative purposes and is not necessarily indicative of what the Company’s financial position or results of operations actually would have been had the Company completed the acquisitions at the dates indicated, nor is it intended to project the future financial position or operating results of the combined companies. Further, the supplemental unaudited pro-forma information has not been adjusted for show timing differences or discontinued events.


		Year Ended December 31,
		2025				2024				2023
(in millions)		(Unaudited)
Pro-forma revenues
Generis Group		$	11.9			$	16.7			$	—
This is Beyond			0.1				32.9				—
Insurtech			—				8.9				—
Plant Based World			—				1.5				—
Hotel Interactive			—				—				7.9
Other 2024 acquisitions(1)			—				0.9				4.9
Emerald revenue			463.4				398.8				382.8
Total pro-forma revenues		$	475.4			$	459.7			$	395.6

Pro-forma net (loss) income
Generis Group		$	1.8			$	1.4			$	—
This is Beyond			(5.4	)			(0.2	)			—
Insurtech			(0.7	)			(0.6	)			—
Plant Based World			—				(0.3	)			—
Hotel Interactive			—				—				0.8
Other 2024 acquisitions(1)			—				(0.8	)			0.8
Emerald net (loss) income			(30.7	)			2.2				(8.2	)
Total pro-forma net (loss) income		$	(35.0	)		$	1.7			$	(6.6	)

(1)

Includes the Company’s acquisitions of Futurist, Glamping Americas and GRC in the year ended December 31, 2024.

Generis Group [Member]

Summary of Purchase Price Allocation and Measurement Period Adjustment

The following table summarizes the fair value of the acquired assets and liabilities on the acquisition date:


(in millions)		August 8, 2025
Cash		$	7.2
Trade and other receivables			5.5
Prepaid expenses and other current assets			0.9
Intangible assets			13.3
Right-of-use lease asset			0.5
Deferred revenues			(14.5	)
Accounts payable and other current liabilities			(1.4	)
Other non-current liability			(0.5	)
Deferred tax liability			(3.3	)
Right-of-use lease liability			(0.5	)
Total identifiable net assets			7.2
Goodwill			57.4
Total assets acquired and liabilities assumed		$	64.6

This is Beyond Ltd [Member]

Summary of Purchase Price Allocation and Measurement Period Adjustment


(in millions)		May 2, 2025
Cash		$	33.9
Trade and other receivables			14.2
Prepaid expenses and other current assets			4.9
Intangible assets			30.1
Deferred revenues			(33.2	)
Accounts payable and other current liabilities			(2.7	)
Deferred tax liability			(3.8	)
Total identifiable net assets			43.4
Goodwill			122.1
Total assets acquired and liabilities assumed		$	165.5

Insurtech Insights [Member]

Summary of Purchase Price Allocation and Measurement Period Adjustment

The following table summarizes the fair value of the acquired assets and liabilities on the acquisition date:


(in millions)		March 13, 2025
Cash		$	1.0
Trade and other receivables			4.5
Prepaid expenses and other current assets			1.8
Intangible assets			4.4
Deferred revenues			(9.5	)
Accounts payable and other current liabilities			(0.6	)
Deferred tax liability			(1.1	)
Total identifiable net assets			0.5
Goodwill			27.4
Total assets acquired and liabilities assumed		$	27.9

Lodestone Events [Member]

Summary of Purchase Price Allocation and Measurement Period Adjustment

The following table summarizes the fair value of the acquired assets and liabilities on the acquisition date:


(in millions)		January 9, 2023
Trade and other receivables		$	1.8
Prepaid expenses and other current assets			0.2
Intangible assets			3.4
Deferred revenues			(3.6	)
Total identifiable net assets			1.8
Goodwill			8.4
Total assets acquired and liabilities assumed		$	10.2

GRC World Forums [Member]

Summary of Purchase Price Allocation and Measurement Period Adjustment

The following table summarizes the fair value of the acquired assets and liabilities on the acquisition date:


(in millions)		August 5, 2024
Trade and other receivables		$	0.2
Intangible assets			1.4
Deferred revenues			(1.2	)
Accounts payable and other current liabilities			(1.2	)
Total identifiable net assets			(0.8	)
Goodwill			3.7
Total assets acquired and liabilities assumed		$	2.9

Glamping Americas [Member]

Summary of Purchase Price Allocation and Measurement Period Adjustment

The following table summarizes the fair value of the acquired assets and liabilities on the acquisition date:


(in millions)		August 5, 2024
Trade and other receivables		$	0.1
Prepaid expenses and other current assets			0.2
Intangible assets			0.8
Deferred revenues			(0.7	)
Total identifiable net assets			0.4
Goodwill			2.6
Total assets acquired and liabilities assumed		$	3.0

Hotel Interactive [Member]

Summary of Purchase Price Allocation and Measurement Period Adjustment

The following table summarizes the fair value of the acquired assets and liabilities on the acquisition date:


(in millions)		January 19, 2024
Trade and other receivables		$	1.2
Prepaid expenses and other current assets			1.1
Intangible assets			4.1
Deferred revenues			(4.7	)
Total identifiable net assets			1.7
Goodwill			11.8
Total assets acquired and liabilities assumed		$	13.5