Stagwell reports FY23 net income $42M; guides FY24 adjusted EBITDA $400-450M

Stagwell Inc

FY23 revenue $2,527M, net revenue $2,147M, net income $42M, adjusted EBITDA $360M.
FY24 guidance: organic net revenue growth 5-7%, adjusted EBITDA $400-450M, adjusted EPS $0.75-0.88.
Stagwell Marketing Cloud net revenue +31% YoY; international net revenue +13%, EMEA +17%.
Q4 net new business $65M; LTM net new business exceeded $270M.
Achieved $30M merger synergies ahead of schedule; sold ConcentricLife for significant gain reducing debt.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Stagwell Inc reported financial results for the year ended December 31, 2023.

Period: the year ended December 31, 2023
Result: reported results

Exact text from the filing

Stagwell Inc. (the “Company”) issued an earnings release reporting its financial results for the year ended December 31, 2023.

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Source: SEC EDGAR

accession 0000876883-24-000003

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