STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2024
Revenue Growth of 8%, Led by 13% Growth from Performance Media & Data
Net Loss Attributable to Stagwell Inc. Common Shareholders of $1.3 million
Adjusted EBITDA of $90 million, An Increase of 25% Year-Over-Year
Adjusted EBITDA Margin of 17%, An Increase of 320 Basis Points Year-Over-Year
EPS of $(0.01); Adjusted EPS of $0.16, An Increase of 14% Year-Over-Year
Net New Business of $66 million in Q1; LTM Net New Business of $284 million
Reaffirm Guidance for 2024 of Organic Net Revenue Growth of 5% to 7%; Adjusted EBITDA of $400 million to $450 million; Free Cash Flow Conversion of ~50%
NEW YORK, May 1, 2024 /PRNewswire/ -- (NASDAQ:STGW) – Stagwell Inc. ("Stagwell") today announced financial re
