Cannae Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 21, 2024 at 04:41 pm EST
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Cannae Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 119.3 million compared to USD 155.7 million a year ago. Net loss was USD 58.4 million compared to net income of USD 27.5 million a year ago. Basic loss per share from continuing operations was USD 0.83 compared to basic earnings per share from continuing operations of USD 0.35 a year ago. Diluted loss per share from continuing operations was USD 0.83 compared to diluted earnings per share from continuing operations of USD 0.35 a year ago.
For the full year, revenue was USD 570 million compared to USD 662.1 million a year ago. Net loss was USD 307 million compared to USD 428.1 million a year ago. Basic loss per share from continuing operations was USD 4.18 compared to USD 5.25 a year ago. Diluted loss per share from continuing operations was USD 4.18 compared to USD 5.25 a year ago.
Cannae Holdings, Inc. is a diversified holding company, which is engaged in acquiring interests in operating companies and are actively engaged in managing and operating a core group of those companies. The Company operates through its wholly owned subsidiary, Cannae Holdings, LLC (Cannae LLC). Its segments include Restaurant Group, Dun & Bradstreet (D&B), Black Knight Football and Entertainment (BKFE), Alight, and Corporate and Other. Its Dun & Bradstreet segment offers business decisioning data and analytics and support its clientâs mission critical business operations by providing proprietary and curated data. Alight segment provides cloud-based integrated digital human capital and business solutions. BKFE is focused on building a global network of world-class football clubs, players, and real estate assets that will produce operational synergies, accelerate player development. Restaurant Group segment consists of its operations of O'Charley's and 99 Restaurants.
CANNAE HOLDINGS, INC. 
