Stagwell reports Q1 adjusted EPS 12c, consensus 15c

Reports Q1 revenue $652M, consensus $680.92M. CEO Mark Penn said, “Despite the macro noise from tariffs, Stagwell’s (STGW) Q1 results were in-line with our expectations, setting us up for a strong year ahead. Q1 is a low point in the political cycle and yet we delivered solid growth in the quarter, led by double-digit increases in our Digital Transformation, Creativity and Stagwell Marketing Cloud capabilities. We hit a record $130M of net new business and, consequently, we remain optimistic about our outlook for the rest of the year.” CFO Frank Lanuto commented: “Stagwell delivered solid Q1 results. We reported 9% total net revenue growth excluding advocacy, while posting $81M in adjusted EBITDA as we effectively managed costs. Additionally, we have made significant progress in simplifying our capital structure and refinancing our revolving credit facility. Our results and these actions position us well for the year ahead.”