secwatch.observer — SEC 8-K summary
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Issuer:     Stagwell Inc (STGW)
CIK:        0000876883
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000876883-24-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stagwell Q1 revenue up 8%; net loss $1.3M but adj EBITDA +25% to $90M; reaffirms FY2024 guidance
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- Revenue $670M (+8% YoY); net loss $1.3M vs $1.4M income prior year.
- Adjusted EBITDA $90M (+25% YoY); margin 17% (+320 bps).
- Adjusted EPS $0.16 (+14% YoY); GAAP EPS $(0.01) vs $0.00.
- Net new business $66M in Q1; LTM net new $284M.
- FY2024 guidance reaffirmed: organic net rev growth 5-7%, adj EBITDA $400-450M, adj EPS $0.75-0.88.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876883/000087688324000011/0000876883-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876883/000087688324000011/stgw-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000876883-24-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer