earnings
confidence high
sentiment negative
materiality 0.75
Stagwell Q2 revenue down 6% to $632M, net loss $10M vs net income $25M a year ago; adjusts FY outlook
Stagwell Inc
- Q2 net revenue fell 3% to $539M; organic net revenue declined 5% YoY.
- Q2 adjusted EBITDA $91M (-18% YoY); adjusted EPS $0.16; YTD adjusted EPS $0.29.
- Net loss attributable to common shareholders $5M; Q2 net new business $75M; LTM record $256M.
- International revenue grew 9% (APAC +17%); Stagwell Marketing Cloud revenue ~$50M.
- FY 2023 guidance: organic net revenue growth 0%-2%, Adj. EBITDA $410M-$440M, Adj. EPS $0.76-$0.85.