Cannae Holdings Reports Q3 Revenue Growth of 191.9% Year-over-Year
Cannae Holdings (CNNE) reported third-quarter revenue of $312 million, representing a significant year-over-year increase of 191.9%. This result exceeded market expectations by approximately $219.75 million. The company detailed its ongoing strategic investments in JANA Partners, noting a total net investment of $116.3 million to maintain a 50% ownership interest. Additionally, Cannae has allocated $50 million toward the JANA Strategic Investments Benchmark Fund Series A-1.
Tickers: $CNNE
Topics: investment disclosure quarterly earnings revenue growth
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