Stagwell Q3 GAAP revenue $663.8M (+42% YoY), net income $35.3M, adj. EPS $0.21, record net new business $86M

Stagwell Inc

Q3 GAAP revenue $663.8M (+42.3% YoY); Pro Forma organic net revenue +11.3%
Q3 net income $35.3M; GAAP EPS $0.08; adjusted EPS $0.21
Q3 adjusted EBITDA $115.1M (20.7% margin on net revenue); YTD adj. EBITDA $327.8M
Record net new business wins of $86M in Q3; net debt reduced $125M to 2.7x leverage
FY2022 guidance: Pro Forma organic net revenue growth 16-20%; adj. EBITDA $450-480M; adj. EPS $0.86-0.94

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Stagwell Inc reported the three and nine months ended September 30, 2022 results: revenue 3Q revenue of $663.8 million, net income 3Q net income of $35.3 million, EPS 3Q EPS of $0.08 and adjusted EPS of $0.21 per share. Guidance reaffirmed.

Period: the three and nine months ended September 30, 2022
Revenue: 3Q revenue of $663.8 million
Net income: 3Q net income of $35.3 million
EPS: 3Q EPS of $0.08 and adjusted EPS of $0.21 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 3, 2022, Stagwell Inc. (the “Company”) issued an earnings release reporting its financial results for the three and nine months ended September 30, 2022.

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Source: SEC EDGAR

accession 0000876883-22-000029

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