---
schema_version: "secwatch.filing_event.v1"
accession: "0000876883-23-000015"
form_type: "8-K"
ticker: "STGW"
cik: "0000876883"
company_name: "Stagwell Inc"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T11:18:48.068858+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Stagwell Reports Q1 2023 Revenue of $622M, Adjusted EBITDA of $72M, Reaffirms Full-Year Guidance

## Summary
- Stagwell reported Q1 2023 revenue of $622 million, a 3% decrease year-over-year, and net revenue of $522 million, a 1% decrease.
- Adjusted EBITDA for Q1 2023 was $72 million, down 29% from prior year, but results aligned with management expectations.
- The company reaffirmed 2023 guidance: organic net revenue growth 7.5%-10%, adjusted EBITDA $450M-$490M, and adjusted EPS $0.90-$1.05.
- Stagwell announced a share repurchase agreement to buy 23.3 million Class A shares from AlpInvest, reducing total shares by 8%.
- Net new business wins totaled $53 million in Q1 and $212 million on a trailing twelve-month basis.

## SEC filing metadata
- accession: 0000876883-23-000015
- form_type: 8-K
- ticker: STGW
- cik: 0000876883
- company_name: Stagwell Inc
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876883/000087688323000015/0000876883-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876883/000087688323000015/stgw-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876883-23-000015
- JSON: https://secwatch.observer/filing/0000876883-23-000015.json
- Plain text: https://secwatch.observer/filing/0000876883-23-000015.txt

## Key facts
- Earnings Releases
  Stagwell Inc reported three months ended March 31, 2023 results: revenue $622 million, net income $0.4 million, EPS $0.13. Guidance reaffirmed.
  - Period: three months ended March 31, 2023
  - Revenue: $622 million
  - Net income: $0.4 million
  - EPS: $0.13
  - Guidance: reaffirmed
  - Result: reported results
  source text: STAGWELL INC. (NASDAQ: STGW ) REPORTS RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2023 Revenue of $622 Million Adjusted EBITDA of $72 million First Quarter Results in line with Management Expectations Reaffirms 2023 Full Year Guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/876883/000087688323000015/0000876883-23-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.