GES Scores 12.2 Percent Revenue Jump in Q2

GES’ second-quarter revenues were up 12.2 percent to $320.1 million from $285.4 million during the same period the year before.

“GES delivered second-quarter results that surpassed our prior guidance, with a revenue increase of 12 percent year-over-year and an adjusted segment EBITDA margin of 12.5 percent,” said Viad’s president and CEO Steve Moster.

He added, “The upside to guidance was broad-based and fueled by industry growth, solid execution by the GES team and our efforts to position GES as the preferred global, full-service provider for live events with a comprehensive suite of offerings. Our U.S. base same-show revenue growth was better than anticipated at 7.5 percent and we continue to realize strong international revenue growth from new business wins.”

Moster took time to answer some questions about what’s impacting GES’ results right now, the Poken and ON Services acquisitions and where the company is seeing growth.

TSNN: There were a few things noted as reasons for the positive results, one was show rotation - what shows can you point out as having an impact?

Moster: Our largest non-annual event during the quarter was the Paris Air Show.  In addition to positive show rotation, we saw broad-based growth across most shows with strong same-show revenue growth of 7.5 percent in the U.S. and significant new business wins internationally.

TSNN: How has the response been with Poken? Have clients had feedback from attendees as well? 

Moster: Many of our clients are familiar with Poken and have shown interest in activating it at their event.There is also a lot of excitement among our team members about being able to provide this event engagement tool to clients. The pairing of Poken with our existing registration software provides event organizers even more insightful analytics and reporting to drive enhanced event performance. And we are seeing good traction in selling the combined offering.

TSNN:  I saw that U.S. same-show growth still has a strong showing. Where is the spend going? Actual space? Marketing? other services? 

Moster: Our base same-show revenue in the U.S. grew by 7.5 percent which was larger than expected. We’re seeing broad-based growth across events, including increased net square footage and higher spending by exhibiting companies.

TSNN: Any new business you can talk about? I saw mention of international ones?

Moster: Some new wins include:

-           GSMA’s Mobile World Congress America

-           American College of Surgeons’ Clinical Congress

-           ASTRA/Marketplace and Academy

TSNN: How has the acquisition of ON Services impacted overall offerings to GES clients?

Moster: With the addition of ON Services, GES can provide clients and event participants with cutting-edge live event audio visual solutions from conception through execution - from large-scale entertainment experiences and complex general sessions to sporting events, conferences, and exhibitions

TSNN: Where are you seeing the most growth within GES?

Moster: We continue to see solid industry growth. Shows are up across the board, and GES’ ability to provide a full suite of live event services is accelerating our growth.

Add new comment

Partner Voices
  MGM Resorts is renowned for its exceptional service and diverse venue options across Las Vegas, Detroit, Springfield, National Harbor, Biloxi, and Atlantic City, providing flexible spaces for meetings of any size. Beyond these offerings, MGM Resorts distinguishes itself through a strong commitment to social responsibility and sustainability, making it an ideal choice for your next meeting.  At the core of MGM Resorts' company values is its platform, "Focused on What Matters," dedicated to meeting customer needs while advancing socially responsible practices. This commitment is evident in several key areas:  Protecting Natural Resources  MGM Resorts is home to industry-leading recycling, renewable electricity and water conservation programs. Some highlights include a cogeneration power plant at ARIA, producing ultra-efficient electricity; one of America’s largest contiguous rooftop solar arrays atop the convention center at Mandalay Bay; and onsite wells that provide water for the celebrated Fountains of Bellagio, avoiding reliance on precious Colorado River water. These efforts and many more save on natural resources while boosting attendee satisfaction.  Committed to Community  Always striving to be good neighbors, MGM Resorts works to avoid food waste and combat food insecurity with the Feeding Forward program. In partnership with local food banks, they safely divert unserved food to food insecure members of the community. Since 2016, over 5 million meals have been provided, highlighting MGM Resorts' commitment to minimizing food waste and addressing community needs.  MGM Resorts supports clients in their responsible-meetings efforts, not only with efficient venues but also waste-reducing décor and signage; sustainable food and beverage options; and outreach to help planners communicate sustainability efforts to attendees. What’s more, they offer a Mindful Meetings series that puts attendee wellness first—through fitness and mindfulness activities, and in give-back events with local charity organizations.   Fostering Diversity & Inclusion  To MGM Resorts, a diverse and talented workforce is essential to success. By cultivating innovative strategies that consider multiple perspectives and viewpoints, the company creates an inclusive workplace culture that benefits its employees and community. MGM Resorts takes pride in being a welcoming home for veterans, individuals with disabilities, people from diverse backgrounds, LGBTQ+ community members, and more. This commitment to inclusion is reflected in the company's recruitment and hiring practices and its social responsibility initiatives. From the workplace to the community, MGM Resorts' commitment to diversity, equity and inclusion remains unwavering, and its efforts continue to create a more equitable and sustainable world for all.  MGM Resorts offers unparalleled service and venue options while standing out for its proactive approach to sustainability and community engagement. Choosing MGM Resorts for your next meeting means aligning with a company that values social responsibility, efficiency, and attendee satisfaction, ensuring a meaningful and impactful event experience.