Alight reported a 2% decrease in revenue to $528 million and a net loss of $1 billion, including a $983 million goodwill impairment, but adjusted EBITDA increased 21% to $127 million, surpassing estimates.
Cannae had net recognized losses of $76 million in Q2 2025, mainly due to Alight's impairment charge, compared to $146 million losses in the prior year quarter.
Cannae Holdings reported a 6.6% decrease in total operating revenue to $110 million in Q2 2025, primarily due to reduced restaurant revenue and diminished lot sales at Brasada Resort.
Ninety Nine Restaurant & Pub's same-store sales declined less than 1%, outperforming the casual dining segment, while O'Charley's faced double-digit declines in same-store sales and guest counts.
Watkins delivered mid-single-digit growth in net sales and high single-digit growth in EBITDA in H1 2025, with expected adjusted EBITDA of $20 million for 2025.
Core FFO per share for Q2 2025 was $0.55, down 11% year-over-year due to decreased same-store NOI and increased interest expense.
Expense growth was 4.6%, mainly from higher property taxes, marketing, repair and maintenance, and utilities, partially offset by lower personnel costs.
Net debt-to-EBITDA was 6.8x at quarter end, slightly improved from 6.9x in Q1.
Occupancy increased sequentially by 140 basis points in Q2 to 85%, further rising to 85.3% in July, narrowing the year-over-year occupancy gap.
RevPar improved for five consecutive months ending July, with the year-over-year decline narrowing from 4.2% in February to 1.6% in July.
Same-store NOI declined 6.1% year-over-year.
Same-store revenues declined 3%, driven by a 240 basis point drop in average occupancy and a 30 basis point decline in average revenue per square foot.
Adjusted book value per share ex AOCI and with AB ownership at market value was $40.89, up 11% year-over-year.
Adjusted non-GAAP operating EPS was $1.41, down 8% compared to the prior year, primarily due to elevated individual life mortality claims.
AllianceBernstein (AB) reported net outflows of $6.7 billion in Q2 but returned to net inflows in June; private markets AUM grew 20% year-over-year to $77 billion.
Assets under management and administration reached a record $1.1 trillion, up 5% year-to-date.
GAAP net loss was $349 million, impacted by notable items including a $74 million after-tax negative item in Protection Solutions.
Non-GAAP operating earnings were $352 million or $1.10 per share, down 23% year-over-year on a per share basis.
Wealth Management earnings increased 16% year-over-year with $2 billion of advisory net inflows and a 12% trailing 12-month organic growth rate.
Adjusted EBITDA was a record $249 million, up 81% year-over-year, with a margin of 29% and incremental EBITDA margin of 43%.
Fee-based revenue hit a quarterly record of $378 million, up 72% year-over-year, now generating over $1.5 billion annually.
Financial Services and Technology Platform segments generated $472 million in revenue, up 74% year-over-year, representing 55% of total revenue.
Lending segment adjusted net revenue grew 32% year-over-year to $447 million, driven by $6.3 billion in originations, up 18%.
Loan Platform Business originations reached a record $2.4 billion, contributing to total originations of $8.8 billion, up $1.5 billion from last quarter.
Net income was $97 million with an 11% margin and earnings per share of $0.08.
Net interest margin was 5.86%, down 15 basis points sequentially, with deposits growing to $29.5 billion.
SoFi reported record adjusted net revenue of $858 million for Q2 2025, up 44% year-over-year.
Tangible book value increased over $1 billion year-over-year to $5.3 billion, with a $200 million increase quarter-over-quarter.
Total members increased 34% year-over-year to 11.7 million, with 850,000 new members added in Q2.
Total products grew 34% year-over-year to over 17 million, with 1.3 million new products added in the quarter.
Dafinchi