secwatch.observer — SEC 8-K summary
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Issuer:     Stagwell Inc (STGW)
CIK:        0000876883
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000876883-23-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stagwell Q2 revenue down 6% to $632M, net loss $10M vs net income $25M a year ago; adjusts FY outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876883/000087688323000019/0000876883-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876883/000087688323000019/stgw-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000876883-23-000019

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