Quarterly ResultMay 11, 2026, 04:20 PM
Cannae Holdings Q1 Net Loss $(32.1)M; Repurchases 7.3% Shares
AI Summary
Cannae Holdings, Inc. reported a net loss attributable to common shareholders of $(32.1) million, or $(0.70) per share, for Q1 2026, an improvement from $(113.0) million, or $(1.81) per share, in Q1 2025. The company continued its strategic focus on sports and entertainment investments and aggressive capital return, repurchasing 3.4 million shares for $43 million in Q1 2026. Portfolio companies showed mixed performance, with Black Knight Football's AFC Bournemouth in contention for European competition, while the Restaurant Group faced revenue declines and store closures.
Key Highlights
- Net loss attributable to common shareholders improved to $(32.1)M from $(113.0)M YoY.
- Basic net loss per share improved to $(0.70) from $(1.81) YoY.
- Repurchased 3.4M shares (7.3% of outstanding) for $43M in Q1 2026.
- Board expanded stock buyback authorization to 14.9M shares.
- Black Knight Football's AFC Bournemouth is 6th in Premier League, aiming for European competition.
- Alight, Inc. Q1 revenue decreased to $534.0M from $548.0M YoY.
- Cannae Restaurant Group Q1 revenues decreased to $91.9M from $99.1M YoY.
- O'Charley's Restaurant + Bar closed two underperforming stores.