Stagwell Q2 revenue $671M (+6% YoY), adjusted EBITDA $86M, net loss $3M; record net new business $113M

Stagwell Inc

Revenue $671M (+6% YoY); net revenue $554M (+2%); organic net revenue +1.2%.
Adjusted EBITDA $86M (margin 16%), down 6% YoY. GAAP EPS $(0.03); adjusted EPS $0.14.
Q2 net new business wins $113M; LTM net new business $324M, including wins from GM, Macy's, Target.
Full-year guidance reaffirmed: organic net revenue growth 5-7%, adjusted EBITDA $400-450M, adjusted EPS $0.75-0.88.
Advocacy segment revenue grew 42% YoY, driving overall top-line growth.

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