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Mar 31, 2022
Stagwell Q1 2022 Earnings Report
Stagwell's first quarter was marked by record financial results, propelled by growth in digital transformation, consumer insights & strategy, and significant client wins in media.
Key Takeaways
Stagwell Inc. reported a strong first quarter with significant revenue and adjusted EBITDA growth. Key drivers included high-growth digital services and net new business wins. The company reaffirms its 2022 full-year outlook.
GAAP Revenue grew 254.7% in 1Q and 31.5% on a Pro Forma basis.
Pro-Forma Organic Net Revenue grew 23.6% in 1Q.
Net Income of $33.6M in 1Q or Diluted EPS of $0.10 per share.
Adjusted EBITDA of $101.4M in 1Q representing a 19.3% margin on Net Revenue.
Revenue by Segment
Forward Guidance
Stagwell reaffirms its 2022 financial guidance, expecting continued growth in organic net revenue and adjusted EBITDA.
Positive Outlook
- Pro Forma Organic Net Revenue growth of 18% – 22%
- Pro Forma Organic Net Revenue growth ex-Advocacy of 13% – 17%
- Adjusted EBITDA of $450 million - $480 million, excluding the contribution from 2022 acquisitions
- Pro Forma Free Cash Flow growth of approximately 30%
- Guidance assumes no impact from foreign exchange, acquisitions or dispositions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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