Stagwell Q1 revenue $642.9M, organic net revenue +23.6%, Adj EBITDA $101.4M

Stagwell Inc

Revenue of $642.9M (+254.7% GAAP, +31.5% pro forma); net revenue $526.6M.
Net income $33.6M ($12.7M to common holders); diluted EPS $0.10.
Adjusted EBITDA $101.4M (19.3% margin on net revenue), up 325.4% YoY.
Record quarterly net new business wins of $54M; 56% of net revenue from digital services.
Reaffirms 2022 guidance: organic net revenue growth 18-22%, Adj EBITDA $450-480M.

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