0001193125-26-209261
SEC filingRevenue grew 5.8% to $869.6M, driven by Experiential Services, while operating income turned positive at $4.2M. Net loss widened to $71.8M due to non-operating items.
Revenue for the first quarter of 2026 was $869.6 million, an increase of 5.8% compared to $821.8 million in the prior-year period. The year-over-year increase was driven primarily by strong performance in our Experiential Services segment, reflecting continued client demand and effective execution, as well as the timing of certain holidays during the first quarter of 2026 relative to the prior-year period in our Retailer Services segment. Excluding the impact of reimbursable expenses, the remaining increase was primarily driven by higher event volume on improved demand and higher average pricing, reflecting continued recovery and growth in client activation activity.
Net loss was $71.8 million for the first quarter of 2026, compared to a net loss of $56.1 million in the prior-year period. The increase in net loss was primarily due to higher income tax expense, including an increase in the valuation allowance recorded against the deferred tax asset related to interest expense limitation carryforwards, and debt issuance costs.
Net cash provided by operating activities was $23.7 million for the first quarter of 2026, compared to net cash used in operating activities of $39.6 million in the prior-year period. The increase primarily reflects favorable movements in working capital, including lower prepaid expenses and other current assets and a smaller decrease in accrued compensation and benefits.