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Dec 31, 2022
Stagwell Q4 2022 Earnings Report
Reported industry-leading double-digit growth, strong margin expansion, record free cash flow, record earnings per share, and a net debt ratio significantly below target.
Key Takeaways
Stagwell Inc. reported Q4 revenue of $708 million, a 16% increase year-over-year, and Adjusted EBITDA of $123 million. The Adjusted EBITDA margin was 21.1% on net revenue. The company issues 2023 Organic Net Revenue growth guidance of 7.5%-10% and 10%-14% ex-Advocacy and 2023 Adjusted EBITDA guidance of $450M-$490M and Free Cash Flow conversion of 50%-60%.
Q4 revenue of $708 million, an increase of 16% versus the prior year period.
FY22 Pro Forma revenue growth of 21%; 16% in Q4
Q4 Adjusted EBITDA of $123 million, an increase of 19% versus the prior year period.
Q4 Adjusted earnings per share for Stagwell Inc. common shareholders of $0.22.
Revenue by Segment
Forward Guidance
2023 financial guidance is as follows:
Positive Outlook
- Organic Net Revenue growth of 7.5% – 10%
- Organic Net Revenue growth ex-Advocacy of 10% – 14%
- Adjusted EBITDA of $450 million – $490 million
- Free Cash Flow Conversion of 50% – 60%
- Adjusted EPS of $0.90 – $1.05
Historical Earnings Impact
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Avg. Return Before/After Earnings
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