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Sep 30, 2021
Stagwell Q3 2021 Earnings Report
Reported third quarter results with GAAP revenue growth and pro forma organic net revenue growth, but experienced a net loss attributable to Stagwell.
Key Takeaways
Stagwell Inc. reported strong third quarter results with GAAP revenue growth of 104.6% and pro forma organic net revenue growth of 22.8%. The company's pro forma adjusted EBITDA was $100 million. However, the company experienced a net loss attributable to Stagwell of $2.1 million.
GAAP revenue increased by 104.6% in the third quarter.
Pro Forma Organic Net Revenue grew by 22.8% in the third quarter, excluding Advocacy it grew 27.9%.
Net loss attributable to Stagwell was $2.1 million in the third quarter.
Pro Forma Adjusted EBITDA reached $100 million in the third quarter.
Revenue by Segment
Forward Guidance
Stagwell estimates revenue between $2.150 to $2.180 billion and Adjusted EBITDA between $370 to $380 million for 2021.
Positive Outlook
- Revenue for 2021 is estimated to be $2.150 to $2.180 billion on a pro forma basis.
- Includes approximately $755 million for legacy MDC for the seven-month period ended July 31, 2021.
- Adjusted EBITDA for 2021 is estimated to be $370 to $380 million on a pro forma basis.
- Includes approximately $124 million for legacy MDC for the seven-month period ended July 31, 2021.
- Guidance assumes no impact from foreign exchange or acquisitions or dispositions.
Challenges Ahead
- The Company has excluded a quantitative reconciliation with respect to the Company’s 2021 guidance.
- Guidance is provided on a non-GAAP basis.
- The company cannot predict certain elements which are included in reported GAAP results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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