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Sep 30, 2023
Stagwell Q3 2023 Earnings Report
Announced financial results with revenue of $618 million and net revenue of $535 million.
Key Takeaways
Stagwell reported Q3 results with a revenue of $618 million and net revenue of $535 million. Net income was $3 million and Adjusted EBITDA was $102 million. The company is on course to return to growth as new business continues to flow in.
Q3 revenue was $618 million, a decrease of 7% versus the prior year period.
Q3 net revenue was $535 million, a decrease of 4% versus the prior period.
Q3 organic net revenue declined 7% versus the prior year period and 5% ex-Advocacy.
Q3 Adjusted EBITDA of $102 million, a decrease of 12% versus the prior year period.
Revenue by Segment
Forward Guidance
Stagwell expects 2023 Adjusted EBITDA of $390 to $410 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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