secwatch.observer — SEC 8-K summary
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Issuer:     Stagwell Inc (STGW)
CIK:        0000876883
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000876883-24-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876883/000087688324000020/0000876883-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876883/000087688324000020/stgw-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000876883-24-000020

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