Jay Leveton
On August 2, 2021, the Board of Directors of the Company appointed Jay Leveton as President of the Company.
Highest-materiality recent filing
Stagwell extends CEO Mark Penn's contract to July 2029, grants 2M SARs
Employment term extended to July 31, 2029.
Stagwell Q2 revenue up 11% to $786M; adjusted EPS $0.25 (+39% YoY); raises FY guidance
Q2 revenue $786M (+11% YoY); net revenue $632M (+6% YoY).
Stagwell Q1 revenue +8% to $704M, adj. EPS $0.17 (+31% YoY); net loss widens to $13M
Revenue $704M (+8% YoY), net revenue $585M (+4%), in line with budget.
Stagwell FY25 Adj EPS $0.83 (+5% YoY), net revenue +6%; guides FY26 net revenue growth 8-12%
FY25 revenue $2,909M (+2% YoY), net revenue $2,428M (+6%), adjusted EBITDA $422M (+1%), net income $29M (vs $2M).
Stagwell Q3 net revenue +6% YoY; adj. EBITDA $115M; launches Palantir partnership
Q3 revenue $743M (+4% YoY); net revenue $615M (+6% YoY); ex-advocacy net revenue +10%.
Stagwell Q2 revenue up 5% to $707M; net loss $5M, adjusted EBITDA $93M, reiterates FY25 guidance
Q2 revenue $707M (+5% YoY); net revenue $598M (+8% YoY); net loss $5M vs $3M loss a year ago.
Stagwell names Ryan Greene CFO, promotes Frank Lanuto to EVP Finance, adds CSO and CIO
Ryan Greene appointed CFO from COO; base salary raised to $650,000, bonus target 80%.
Stagwell Q1 net revenue up 6% to $564M; adjusted EPS $0.12; reiterates FY guidance
Q1 net revenue $564M (+6% YoY); net revenue ex Advocacy +9%, digital transformation ex Advocacy +15%.
Stagwell acquires experiential marketing co for stock, plus earnouts up to $29.7M
Issued 2,017,857 Class A shares as part of $11.3M initial consideration at closing on May 1, 2025.
Stagwell targets $5B revenue by FY29, simplifies capital structure, reaffirms FY25 guidance
$5B revenue and $1B adjusted EBITDA target by end of 2029 without expanding debt ratios.
Stagwell Q4 revenue up 20% to $789M; guides 2025 EBITDA $410M-$460M
Q4 revenue $789M (+20% YoY); net revenue $630M (+14%); organic net revenue +10%.
Stagwell agrees to acquire digital strategy firm; up to $16M in stock consideration
Acquiree is a digital strategy and communications company (not named).
Stagwell acquires global media monitoring firm; issues 3.39M shares as consideration
Acquired all shares of a global media monitoring and analytics company from its owner.
Stagwell Q3 revenue up 15% YoY to $711M; adj. EPS $0.22; repurchase program raised by $125M
Q3 revenue $711M (+15% YoY), net revenue $580M (+8%), organic net revenue +8%.
Stagwell to acquire government consulting firm for up to $17.5M in stock, plus earnout
Agreement to purchase all equity of a government consulting, public policy and communications company; closing subject to regulatory approval.
Revenue $671M (+6% YoY); net revenue $554M (+2%); organic net revenue +1.2%.
Stagwell Q1 revenue up 8%; net loss $1.3M but adj EBITDA +25% to $90M; reaffirms FY2024 guidance
Revenue $670M (+8% YoY); net loss $1.3M vs $1.4M income prior year.
Stagwell reports FY23 net income $42M; guides FY24 adjusted EBITDA $400-450M
FY23 revenue $2,527M, net revenue $2,147M, net income $42M, adjusted EBITDA $360M.
Stagwell Q3 revenue $618M (-7% YoY), Adjusted EBITDA $102M (-12%), guides FY EBITDA $390-410M
Q3 net revenue $535M (-4% YoY); organic net revenue declined 7%.
Q2 net revenue fell 3% to $539M; organic net revenue declined 5% YoY.
Stagwell repurchases 23.3M shares at $6.43, reducing outstanding by 8.1%
Repurchased 23,328,154 Class A shares from AlpInvest Partners B.V. at $6.43 per share.
Stagwell Reports Q1 2023 Revenue of $622M, Adjusted EBITDA of $72M, Reaffirms Full-Year Guidance
Stagwell reported Q1 2023 revenue of $622 million, a 3% decrease year-over-year, and net revenue of $522 million, a 1% decrease.
Stagwell enters $150M stock repurchase agreement with AlpInvest affiliates at $6.43/share
Repurchases ~23.33M shares from AlpInvest affiliates for $6.43/share, aggregate $150M.
Stagwell reclassifies Class B stock into Class A at 1.25:1 ratio effective April 17, 2023
Each Class B share converted to 1.25 Class A shares; fractional shares rounded up.
Stagwell dismisses Deloitte as auditor, appoints PwC citing cost reduction
Deloitte & Touche dismissed as independent auditor; PricewaterhouseCoopers engaged effective March 16, 2023.
Stagwell reports record FY22 revenue of $2.7B, doubles buyback to $250M, issues 2023 guidance
FY22 revenue $2.688B (+83% YoY); pro forma organic net revenue growth 14%.
Q3 GAAP revenue $663.8M (+42.3% YoY); Pro Forma organic net revenue +11.3%
Stagwell reports Q2 GAAP revenue $672.9M, net income $24.5M, reaffirms 2022 outlook
Q2 GAAP revenue $672.9M (+221% YoY); pro forma revenue growth 21.2%.
Stagwell Q1 revenue $642.9M, organic net revenue +23.6%, Adj EBITDA $101.4M
Revenue of $642.9M (+254.7% GAAP, +31.5% pro forma); net revenue $526.6M.
Stagwell authorizes $125M stock repurchase program through March 2025
Board authorized repurchase of up to $125M of Class A common stock.
Stagwell reports 65.5% FY revenue growth, issues strong 2022 guidance
GAAP revenue up 95.5% in Q4 to $611.9M; full-year revenue $1.47B, +65.5% YoY.
Stagwell completes $160M acquisition of remaining 49% of Instrument LLC, ends uncapped earn-out
Purchase price of $160M: $86.1M cash + $73.9M in Class A common stock, payable in 3 installments.
On August 2, 2021, the Board of Directors of the Company appointed Jay Leveton as President of the Company.
On August 2, 2021, the Board of Directors of the Company appointed Ryan Greene as Chief Operating Officer of the Company.
On August 3, 2021, the Board of Directors of the Company (the “ Board ”) appointed Eli Samaha as a director at the recommendation of the Nominating and Corporate Governance Committee of the Board.
Asha Daniere delivered an executed letter resigning as a member of the Board of Directors (the “ Board ”) of the Company effective as of the Closing Date.
Jay Leveton, a Partner of Stagwell, became the President of the Company
David Ross has ceased to be an officer of the Company.
Ryan Greene, the Chief Financial Officer of Stagwell, became the Chief Operating Officer of the Company.
On July 19, 2021, MDC Partners Inc. (“MDC” or the “Company”) and David Ross, the Company’s General Counsel and Executive Vice President, mutually agreed to end Mr. Ross’ employment with the Company effective upon the earliest to occur of (i) the consummation of the business combination between the Company and certain subsidiaries of Stagwell Media LP (the “Business Combination”), pursuant to that certain Transaction Agreement, dated as of December 21, 2020 and amended as of June 4, 2021 and July 8, 2021, (ii) the termination of the Transaction Agreement and (iii) August 31, 2021.
Max materiality 0.85 · Median 0.65 · Most common event earnings