Stagwell reports Q2 GAAP revenue $672.9M, net income $24.5M, reaffirms 2022 outlook

Stagwell Inc

Q2 GAAP revenue $672.9M (+221% YoY); pro forma revenue growth 21.2%.
Pro forma organic net revenue +16% in Q2; digital services contributed 57% of net revenue.
Net income $24.5M ($0.08 diluted EPS); adjusted EBITDA $111.3M (20.0% margin on net revenue).
Reaffirmed FY 2022 guidance: organic net revenue growth 18-22%, adjusted EBITDA $450-480M.
YTD organic net revenue growth 19.6%; YTD adjusted EBITDA $212.7M (+240% YoY).

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