Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $105.5 million, up from $86 million in the prior year quarter, reflecting strong year-over-year growth [18] - Adjusted EBITDA increased by 59.5% to $24.4 million compared to $15.3 million in the prior year, resulting in an adjusted EBITDA margin of approximately 23.1% [19][20] - Reported organic revenue was up 0.4% year-over-year, but on a pro forma basis, organic growth would have been approximately 5% [18][19] Business Line Data and Key Metrics Changes - The connections business drove growth, while event mix and softness in content impacted overall performance [18][19] - Acquisitions contributed significantly, adding $24 million in revenue for the quarter, with expectations for continued contributions in the second half of the year [44] Market Data and Key Metrics Changes - International exhibitors accounted for approximately 10% of total revenue, with 99% of the full year international revenue target already secured [11][12] - Encouraging activity was noted in markets like Italy, Germany, and Brazil, helping to offset softness in China and Canada [12] Company Strategy and Development Direction - The company is focused on customer centricity, year-round engagement, and portfolio optimization, with targeted acquisitions in high-growth verticals [14] - Recent acquisitions, such as This Is Beyond and InsurTech Insights, are advancing strategic priorities and contributing to growth [15][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of live events, emphasizing their importance in driving measurable impact and trust [13] - The company reaffirmed its full-year guidance of $450 million to $460 million in revenue and $120 million to $125 million in adjusted EBITDA [25][26] Other Important Information - The company repurchased approximately 1.6 million shares for $6.9 million under its buyback program, demonstrating management's conviction in long-term value [23][24] - A quarterly dividend of $0.15 per share was declared, reflecting a commitment to shareholder returns [25] Q&A Session Summary Question: Will the third quarter see a decline in organic growth year-over-year? - Management confirmed that the third quarter is expected to show negative organic growth due to event mix and construction impacts at the Las Vegas Convention Center [30] Question: What is the expected contribution from recent acquisitions for the remainder of the year? - Management indicated that both This Is Beyond and InsurTech Insights have events scheduled in the second half of the year, contributing to revenue [34] Question: How significant is the macroeconomic impact on the business? - Management characterized the macroeconomic impact as small overall, with some headwinds in specific regions but positive performance in others [36][37] Question: Can you provide details on the GRC World acquisition? - Management confirmed that GRC World is a smaller acquisition focused on global risk and compliance, included for pro forma comparisons [42][43] Question: What is the current booking status for 2025 and 2026? - Management stated that 90% of revenue for 2025 is booked, with positive rebooking rates for 2026, indicating strong customer confidence [46]