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Sep 30, 2024
Stagwell Q3 2024 Earnings Report
Stagwell experienced revenue growth and maintained a strong adjusted EBITDA margin.
Key Takeaways
Stagwell reported a 15% year-over-year revenue increase, driven by a 25% growth in Digital Transformation. The company's net income attributable to Stagwell Inc. common shareholders was $3 million, with an adjusted EBITDA of $111 million and an adjusted EBITDA margin of 19%.
Q3 revenue increased by 15% year-over-year, reaching $711 million.
Organic net revenue grew by 8% compared to the prior year period.
Adjusted EBITDA stood at $111 million, with a margin of 19%.
Net new business in Q3 was $101 million, bringing the last twelve-month total to $345 million.
Revenue by Segment
Forward Guidance
Stagwell reaffirmed its 2024 financial guidance, expecting organic net revenue growth of 5% to 7%, adjusted EBITDA between $400 million and $450 million, and free cash flow conversion of approximately 50%.
Positive Outlook
- Organic Net Revenue growth of 5% to 7%
- Organic Net Revenue excluding Advocacy growth of 4% to 5%
- Adjusted EBITDA of $400 million to $450 million
- Free Cash Flow Conversion of approximately 50%
- Adjusted EPS of $0.75 - $0.88
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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