Cannae Reports $312 Million in Q3 Revenue, Up 191.9% Year Over Year

Cannae Holdings, Inc. reported $312 million in third-quarter revenue, up 191.9% from a year earlier.

Cannae announced the results Nov. 9, following its previously announced Q3 release schedule.

Revenue exceeded estimates by $219.75 million.

Cannae’s update also listed $116.3 million invested in JANA Partners, net of distributions, representing a 50% ownership interest as of Nov. 6. Cannae also put $50 million into the Series A-1 vehicle of the JANA Strategic Investments Benchmark Fund.