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STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2022

Delivers Double-Digit 2Q 2022 Revenue Growth; Reiterates guidance driven by global media performance and continued digital acceleration

  • 2Q GAAP Revenue grew 221.1% and 21.2% on a Pro Forma basis; YTD Pro Forma growth of 26.0%
  • Pro-Forma Organic Net Revenue grew 16.0% in 2Q and 19.1% YTD
  • Net Income of $24.5M in 2Q and Diluted EPS of $0.08 per share
  • Net Income attributable to Stagwell of $10.5M in 2Q
  • Adjusted EBITDA of $111.3M in 2Q representing a 20.0% margin on Net Revenue
  • 57% of 2Q Net Revenue came from high-growth digital services
  • Reaffirming 2022 full-year organic net revenue growth outlook of 18%-22%

NEW YORK, Aug. 4, 2022 /PRNewswire/ — (NASDAQ: STGW) — Stagwell Inc. (“Stagwell”) today announced financial results for the three and six months ended June 30, 2022.