MDC Partners Inc. reported a decline in revenue by 6.2% to $307.6 million, but achieved its highest net income in nearly three years at $0.9 million, compared to a net loss of $2.4 million in the prior year period. Adjusted EBITDA increased by 31.3% to $51.9 million, marking the highest first quarter Adjusted EBITDA in company history.
GAAP revenue of $307.6 million, a decline of 6.2% year-over-year.
Net income attributable to MDC Partners Inc. common shareholders was $0.9 million, the highest in 11 quarters.
Adjusted EBITDA increased 31.3% to $51.9 million, the highest first quarter Adjusted EBITDA in company history.
The company maintains its outlook of 7 to 9% organic revenue growth for the year with Adjusted EBITDA of $190 million to $200 million.
MDC Partners anticipates organic revenue growth of 7% to 9% and Adjusted EBITDA between $190 million and $200 million for the full year 2021.
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