Cannae Holdings, Inc. Q1 FY26 Results

Summary

Cannae Holdings, Inc. released its first quarter 2026 financial results, highlighting a focus on strategic priorities including portfolio transformation towards sports and entertainment investments. The company repurchased 3.4 million shares for $43 million during the quarter. Black Knight Football showed significant revenue and EBITDA growth for the year ended December 31, 2025. Watkins also demonstrated strong performance with $24.5 million in net sales and a 34% adjusted EBITDA margin for the quarter ended December 31, 2025.

Key Highlights

1. 1

   Cannae Holdings' management team focused on executing the new set of strategic priorities outlined by the Board during the first quarter of 2026.

2. 2

   Cannae is accelerating the transformation of its portfolio to concentrate primarily on sports and entertainment-related investments.

3. 3

   In Q1 2026, Cannae acquired 3.4 Million shares, or 7.3% of outstanding stock, for $43 Million.

4. 4

   Black Knight Football generated $273.9 million of total revenue for the twelve months ended December 31, 2025, compared to $229.7 Million in the prior year.

5. 5

   Black Knight Football posted $136.1 million of EBITDA in calendar 2025, compared to EBITDA of $12.0 Million in the prior year.

6. 6

   Watkins generated Net sales of $24.5 Million and an Adjusted EBITDA margin of 34% for the quarter ended December 31, 2025.

7. 7

   Alight reported total revenue of $534 Million compared to $548 Million in the prior year first quarter.