MDC Partners Inc. reported Q4 2019 financial results, showcasing sequential revenue growth of 11% and improved profitability due to cost reduction. The company's Adjusted EBITDA increased by 9.8% to $57.0 million, and net new business wins totaled $37.2 million.
MDC Partners delivered sequential revenue growth of 11% in Q4 2019.
Adjusted EBITDA for Q4 2019 increased by 9.8% to $57.0 million.
Net new business wins in Q4 2019 totaled $37.2 million.
The company ended the year with $107 million in cash and no revolver borrowings, reducing leverage to 4.5x.
2020 financial guidance is updated as follows:
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