earnings
confidence high
sentiment positive
materiality 0.75
Stagwell reports 65.5% FY revenue growth, issues strong 2022 guidance
Stagwell Inc
- GAAP revenue up 95.5% in Q4 to $611.9M; full-year revenue $1.47B, +65.5% YoY.
- Pro Forma Organic Net Revenue grew 14.5% in FY21; ex-Advocacy grew 18.0%.
- Full-year net income $21.0M; Pro Forma Adjusted EBITDA $378.0M (+19.6%).
- 2022 guidance: Pro Forma Net Revenue growth 18%-22%; Adjusted EBITDA $450M-$480M.
- Pro Forma Free Cash Flow growth guided ~30% for 2022.