NEW YORK, Aug. 18, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced it will attend two upcoming investor conferences in September:
- Benchmark’s TMT Consumer 1×1 Conference on Wednesday, Sept. 13, 2023 – Management will host 1×1 investor meetings.
- B. Riley Securities’ 2023 Consumer Conference on Thursday, Sept. 14, 2023 – Management will participate in a fireside chat and be available for 1×1 investor meetings.
Visit this page to view upcoming investor events and programming from Stagwell. Reach out to ir@stagwellglobal.com with questions.
About Stagwell
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Contact
Ben Allanson
ir@stagwellglobal.com
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The event coincides with National Black Business Month in the United States
NEW YORK, Aug. 18, 2023 /PRNewswire/ — Stagwell, the challenger network built to transform marketing, in collaboration with Allison+Partners today announced it will host a panel and networking event to discuss driving collaboration with and renewed investments in Black-owned and operated media outlets and platforms on August 24, 2023. The panel will stream on LinkedIn.

“Black-Owned Media in America: Recognizing Value, Contributions and the Need for Partnership” will convene top executives from media platforms Ebony Magazine, Pod Digital Media, ReachTV and The Africa Channel for an in-person panel and networking event to share upcoming media and partnership opportunities within their respective organizations. The in-person event will take place at Stagwell’s global headquarters at One World Trade Center in New York City on Thursday, August 24 from 2:00 – 4:30 PM ET. The panel will be followed by an in-person networking hour. Interested attendees can request an invite by emailing hello@stagwellglobal.com.
Panelists include:
- Ashlee Glenn, EVP, Brand & Marketing for EBONY Media, which has served as the leading voice of the Black American experience for more than 75 years, and under new ownership, has recently grown into a multi-media entity, covering cultural news, entertainment, and lifestyle with a commitment to Move Black Forward across Ebony.com, EBONY Studios, EBONY Publishing, and JET.
- Gary Coichy, Founder and CEO of POD Digital Media (PDM), the first Multicultural Podcast Network focused primarily on African American & Hispanic audience segments, with over 400 owned and operated podcasters.
- Lynnwood Bibbens, CEO & Founder of ReachTV, the largest airport television network with 2,500+ screens in 90 commercial airports and streaming into over 500,000 hotel rooms across North America.
- Narendra Reddy, Chief Operating Officer at The Africa Channel, a cable and streaming channel focusing on travel, lifestyle, and culture documentaries with a mission to educate and entertain global audiences about contemporary Africa and the diaspora, while building bridges between cultures and black communities worldwide.
“Black-owned media is an intrinsic and key part of the media landscape in America with a long history of celebrating, advocating and showcasing the full spectrum of the Black American experience and culture in a balanced and empowering way,” said Claudine Moore, Managing Director, Allison+Partners and moderator for the event. “Too often Black-owned media is overlooked in terms of partnerships, investment, media buys and more by agencies and brands. This leads to inequalities that impact the growth of this critical sector and the industry needs to continue to work to correct this.”
“This event is one way that we’re collaborating with other Stagwell agencies to find long-term solutions that improve investment in multicultural media, ultimately helping brands engage more meaningfully with diverse consumers,” added Moore.
About Stagwell
Stagwell (NASDAQ: STGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
About Allison+Partners
Allison+Partners is a global marketing and communications agency driven by a collaborative approach to innovation and creativity. The agency was named by PRovoke Media as one of its Global Agencies of the Decade, as well as 2023 Midsize and North American Agency of the Year. The agency was also named by PRWeek as a Best Places to Work for four consecutive years, recognized as one of UK’s Fastest Growing Agencies and Top 150 Consultancies, certified as a Great Place to Work in Germany and in APAC, named one of PRovoke’s Consumer PR Consultancies of the Year. Allison+Partners operates in more than 50 markets around the world and is organized around five practices: Consumer Brands, Corporate, Reputation Risk + Public Affairs, Health and Technology. The agency’s Marketing Innovation Team, which combines brand strategy, integrated marketing, creative, research and measurement expertise into one offering, works across these practices to deliver integrated storytelling for clients. For more information, visit www.allisonpr.com.
CONTACT:
Sarah Arvizo
pr@stagwellglobal.com
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Stagwell (STGW) Platform Honored at Prestigious International Annual Awards Program Recognizing Standout Marketing, Advertising and Sales Technology Around the World
NEW YORK, Aug. 17, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW) Marketing Cloud’s PRophet, the first and only generative and predictive AI SaaS platform built by and for PR professionals, today announced that it is the recipient of the “Best Media Outreach Platform” award in the 6th annual MarTech Breakthrough Awards program conducted by MarTech Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global marketing, sales and advertising technology industry today.
PRophet is a generative and predictive AI SaaS platform serving the PR community. It analyzes a reporters’ past coverage to predict future level of interest in a specific pitch topic or angle.
Earlier this year, PRophet released the industry’s first generative AI (GAI) writing tool, Taylor, fully integrated into the PRophet platform. Built on top of OpenAI, Taylor enables brands and agencies to create compelling content and provides insights into which types of content are most effective. Once users provide a small prompt or press release content, Taylor can produce personalized pitches, social posts and executive biographies in seconds. Taylor can also rewrite releases or pieces a multitude of times over. This can be used for blog posts, articles, social media content and more.
Taylor also offers the choice of tone for generated content, and once PRophet’s predictive AI analyzes the text and compiles a list of reporters for outreach, Taylor then personalizes pitches for any reporter users select.
Additionally, “Powered by PRophet” is the first industry platform that offers a white labeling option for agency clients. Customers can customize the PRophet platform to their specifications and go to market.
“PRophet was created by what we saw as a lack of data-driven earned media ‘intelligence’ tools available to PR professionals. By using AI we can bring science to the art of communications and make PR people more performance oriented,” said Aaron Kwittken, founder and CEO of PRophet. “Communications engineers© are the next era of modern communicators that embrace technology to be more performative, predictive and productive. Thank you to MarTech Breakthrough for this honor. We won’t rest on our laurels, we keep innovating and improving the user experience while also expanding our data lakes and models.”
The mission of the MarTech Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of marketing, sales and advertising technology related categories, including marketing automation, customer experience, performance marketing AdTech, SalesTech, marketing analytics, content and social marketing, mobile marketing and many more. This year’s program attracted more than 3,500 nominations from over 19 different countries throughout the world.
“With technology that has lagged for decades, the PR industry is undergoing a rapid digital transformation. PRophet eliminates guesswork, using a dataset and technology to guide PR pros toward achieving coverage of an announcement and in developing a positive, lasting relationship with the journalist by delivering more relevant content,” said James Johnson, Managing Director at MarTech Breakthrough. “The powerful capabilities of PRophet’s predictive and generative AI capabilities make it our choice for ‘Best Media Outreach Platform.’ Leveraging natural language processing and machine learning, brands, agencies, and freelancers can more effectively target and successfully pitch to journalists around.”
About PRophet
PRophet is the first-ever generative and predictive AI SaaS platform designed by and for the PR community. The platform uses AI to help modern PR professionals become more performative, productive and predictive by generating, analyzing and testing content that predicts earned media interest and sentiment. PRophet was founded in 2020 by PR and marketing industry thought leader and entrepreneur Aaron Kwittken and is part of the Stagwell Marketing Cloud, a suite of SaaS solutions that powers research, communications, and media activation for in-house marketers. To learn more, visit prprophet.ai.
About MarTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the MarTech Breakthrough Awards program is devoted to honoring excellence in marketing, ad and sales technology companies, products and people. The MarTech Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough marketing technology companies and products in categories including marketing automation, AdTech, SalesTech, marketing analytics, performance marketing, CRM, content and social marketing, website, SEM, mobile marketing and more. For more information, visit MarTechBreakthrough.com.
CONTACT:
Sarah Arvizo
pr@stagwellglobal.com
SOURCE Stagwell Inc.
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Scaled connected commerce operations signal a new era of growth and transformation in the region
LONDON, Aug. 15, 2023 /PRNewswire/ — Global media agency Assembly announces the launch of its European Retail Media Division to meet booming retail media demand in the region.
The launch comes with expanded products and capabilities to deliver end-to-end connected commerce solutions that help retail and direct-to-consumer (DTC) brands scale, automate and improve margins at all stages of the consumer journey. The retail media division, led by Ada Wachowska, will start with a team of 25 dedicated practitioners and clients across fast-moving consumer goods (FMCG), luxury, retail, and consumer electronics verticals – brought into Assembly from fellow Stagwell Brand X Performance Network and e-commerce specialist agency Brand New Galaxy. The new division will further scale Assembly’s award-winning global retail media expertise, operated in region across partners like Amazon, Bol.com, Sephora and Douglas.
“Retail Media is the fastest-growing channel for media spend, and client demand for innovation within the retail landscape is at an all-time high,” says Matt Adams, Assembly Europe CEO. “Being able to offer clients an integrated team of specialists who are experts across the European retail media landscape is perfect for clients who want to be able to look across channels, through advanced measurement, and use retail media as a connected part of a consumer journey.”
With a robust retail portfolio and proven track record across the globe, Assembly’s global business works to improve and scale digital performance for retail and DTC brands – boasting return-on-investment (ROI) increases upwards of 30% on same media spend when clients transition from another agency or in-house team to Assembly.
The retail media division launch follows a series of new client wins and leadership hires under Assembly Europe CEO Matt Adams, who joined the agency in March 2023.
ABOUT ASSEMBLY
Assembly is the modern global omnichannel media agency, bringing data, talent, and technology together to find the change that fuels growth for the best brands on the planet. Our approach connects big, bold brand stories with integrated, global media capabilities that deliver performance and drive large-scale business growth. Our work is powered by our proprietary, in-house technology solution, STAGE, and led by our global talent base of over 1,600 people around the world. We’re purpose-driven at our core and pioneers in social and environmental impact in the agency world. Assembly is a proud member of Stagwell, the challenger network built to transform marketing. For more information, visit assemblyglobal.com.
ABOUT STAGWELL BRAND X PERFORMANCE NETWORK
Stagwell’s Brand X Performance Network is a group of leading creative, media, and commerce agencies home to more than 6,000 experts with an expansive global footprint across 60 offices in 20 countries, managing $5 billion in media. The network includes creative agencies GALE, Forsman & Bodenfors, Crispin Porter Bogusky (CP+B), media agencies Assembly, Goodstuff and Grason, B2B specialists Multiview, multi-lingual content agency Locaria, travel and media experts Ink, and commerce experts Brand New Galaxy. The network offers marketers a more dynamic partner for global B2B and B2C connected solutions spanning data, technology, media, and creativity aimed at accelerating business growth for brands worldwide.
PRESS CONTACT:
Jess Santini
jess.santini@assemblyglobal.com
SOURCE Stagwell Inc.
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NEW YORK, Aug. 9, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced that Mark Penn, chairman and CEO, will participate in a fireside chat at the upcoming Citigroup Global Technology Conference (New York City) on Friday, Sept. 8, at 8:15 AM ET. Penn will also be available for 1×1 meetings with investors. To schedule a meeting, please reach out to ir@stagwellglobal.com.
Visit this page to view upcoming investor events and programming from Stagwell.
About Stagwell
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Contact
Ben Allanson
ir@stagwellglobal.com
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The Stagwell (STGW) agency will lead the brand’s paid media in North America
NEW YORK, Aug. 8, 2023 /PRNewswire/ — Global brand performance agency Assembly has been named Paid Media Agency of Record for Brooks Running, a market leader in performance run footwear and apparel, following a competitive review. Assembly will oversee Brooks’ programmatic, social, direct partnerships, and video strategy and execution across North America with an eye toward growing share of mind, share of voice, and market share, and being the #1 choice among runners.
With a commitment to empowering and inspiring runners of all levels, Brooks provides everyone who runs and walks, with innovative and high-performance gear – a commitment to innovation and performance that Assembly also shares. Assembly believes that all brand media is performance media and has a proven track record of driving brand transformation and revenue growth through full-funnel campaigns.
The decision to partner with Assembly comes at an exciting time for Brooks, as the brand looks to strengthen its brand and product-focused campaigns to attract new consumers.
“There is a natural synergy between Brooks and Assembly that will lead to a successful partnership,” said Valerie Davis, Assembly North America CEO. “Brooks is a company that knows what it stands for, and its singular focus on runners provides a world of opportunity in converting new users. It’s an exciting challenge.”
Ryan Ngo, VP North America Marketing & eCommerce from Brooks Running adds, “Assembly’s vision, coupled with its best-in-class media planning, buying, and execution abilities, was key to winning the assignment. The agency’s fresh ideas grounded in real data and insights and the care and transparency in their process make us confident that with their partnership, we’ll continue to drive the transformative power of the run and meet our business goals.”
Brooks Running is the latest in a series of new business wins for Assembly, just this year. The North America division of the agency was also recently named AOR for Carter’s and T. Rowe Price.
Assembly elevated Valerie Davis to North America CEO in April 2023. Under Davis’ purview, the agency continues to accelerate growth, boasting increases in new business revenue by 20% in the first half of the year.
ABOUT ASSEMBLY
Assembly is the modern global omnichannel media agency, bringing data, talent, and technology together to find the change that fuels growth for the best brands on the planet. Our approach connects big, bold brand stories with integrated, global media capabilities that deliver performance and drive large-scale business growth. Our work is powered by our proprietary, in-house technology solution, STAGE, and led by our global talent base of over 1,600 people around the world. We’re purpose-driven at our core and pioneers in social and environmental impact in the agency world. Assembly is a proud member of Stagwell (NASDAQ: STGW), the challenger network built to transform marketing. For more information, visit assemblyglobal.com.
PRESS CONTACT:
Jess Santini, VP, Global Marketing
jess.santini@assemblyglobal.com
SOURCE Stagwell Inc.
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Originally released on
Revenue of $632 million
Net revenue of $539 million
Q2 net new business of $75 million, bringing LTM net new business to record $256 million
International revenue grew 9% led by particularly strong growth in Asia-Pacific of 17%
Adjusts full-year outlook
NEW YORK, Aug. 8, 2023 /PRNewswire/ — (NASDAQ: STGW) – Stagwell Inc. (“Stagwell”) today announced financial results for the three and six months ended June 30, 2023.
SECOND QUARTER AND SIX MONTHS HIGHLIGHTS:
- Q2 revenue of $632 million, a decrease of 6% versus the prior year period; YTD revenue of $1,255 million, a decrease of 5% versus the prior year period
- Q2 net revenue of $539 million, a decrease of 3% versus the prior period; YTD net revenue of $1,061 million, a decrease of 2% versus the prior year period
- Q2 organic net revenue declined 5% versus the prior year period and 4% ex-Advocacy; YTD organic net revenue declined 4% versus the prior year period and 3% ex-Advocacy. This follows 16% organic net revenue growth in 2022
- Q2 net loss of $10 million versus net income of $25 million in the prior year period; YTD net loss of $15 million versus net income of $58 million in the prior year period
- Q2 net loss attributable to Stagwell Inc. common shareholders of $5 million versus net income of $10 million in the prior year period; YTD net loss attributable to Stagwell Inc. common shareholders of $4 million versus net income of $23 million in the prior year period
- Q2 Adjusted EBITDA of $91 million, a decrease of 18% versus the prior year period; YTD Adjusted EBITDA of $163 million, a decrease of 23% versus the prior year period
- Q2 Adjusted EBITDA Margin of 17% on net revenue; YTD Adjusted EBITDA Margin of 15% on net revenue
- Q2 loss per share attribute to Stagwell Inc. common shareholders of $0.04
- Q2 Adjusted earnings per share attributable to Stagwell Inc. common shareholders of $0.16; YTD Adjusted earnings per share of $0.29
- Q2 net new business of $75 million; YTD net new business of $128 million
“Stagwell posted sequential quarter-over-quarter improvements in revenue, EBITDA and margin, and our new business wins hit a quarter billion dollars in the last 12 months as they accelerated to record levels,” said Mark Penn, Chairman and CEO of Stagwell. “We remain bullish about H2 2023 and 2024 and we expect to see significant growth across all metrics throughout the rest of the year,” he added. “It is clear, however, that our industry is facing headwinds caused by economic uncertainty and especially tech client reorganizations, the effects of which we believe are temporary.”
“We are beginning to see a return to a more normal business environment, and the emergence of Generative AI is providing a runway for future work that we believe will explode in the next 12 to 18 months,” Penn said. “We are already in the market with Generative AI products, and our Stagwell Marketing Cloud Group revenue was nearly $50 million this quarter as we push the frontiers of technology in marketing AI and AR.”
Frank Lanuto, Chief Financial Officer, commented: “Management responded appropriately, adjusting costs to align with our revenue structure as we continue to strengthen our balance sheet, cash flow generation, and initiatives to centralize our shared service platform, all of which will result in stronger margins over the next couple of quarters. We believe we are coming off the bottom of an economic and political cycle.”
Financial Outlook
2023 financial guidance is as follows:
- Organic Net Revenue growth of 0% – 2%
- Adjusted EBITDA of $410 million – $440 million
- Free Cash Flow Conversion of 50% – 60%
- Adjusted EPS of $0.76 – $0.85
- Guidance assumes no impact from foreign exchange, acquisitions or dispositions.
* The Company has excluded a quantitative reconciliation with respect to the Company’s 2023 guidance under the “unreasonable efforts” exception in item 10(e)(1)(i)(B) of Regulation S-K. See “Non-GAAP Financial Measures” below for additional information.
Video Webcast
Management will host a video webcast on Tuesday, August 8, 2023, at 8:30 a.m. (ET) to discuss results for Stagwell Inc. for the three and six months ended June 30, 2023. The video webcast will be accessible at https://stgw.io/Q2Earnings. An investor presentation has been posted on our website at www.stagwellglobal.com and may be referred to during the webcast.
A recording of the webcast will be accessible one hour after the webcast and available for ninety days at www.stagwellglobal.com.
Stagwell Inc.
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Contacts
For Investors:
Ben Allanson
Ir@stagwellglobal.com
For Press:
Beth Sidhu
Pr@stagwellglobal.com
Non-GAAP Financial Measures
In addition to its reported results, Stagwell Inc. has included in this earnings release certain financial results that the Securities and Exchange Commission (SEC) defines as “non-GAAP Financial Measures.” Management believes that such non-GAAP financial measures, when read in conjunction with the Company’s reported results, can provide useful supplemental information for investors analyzing period to period comparisons of the Company’s results. Such non-GAAP financial measures include the following:
(1) Organic Revenue: “Organic revenue growth” and “organic revenue decline” refer to the positive or negative results, respectively, of subtracting both the foreign exchange and acquisition (disposition) components from total revenue growth. The acquisition (disposition) component is calculated by aggregating prior period revenue for any acquired businesses, less the prior period revenue of any businesses that were disposed of during the current period. The organic revenue growth (decline) component reflects the constant currency impact of (a) the change in revenue of the partner firms that the Company has held throughout each of the comparable periods presented, and (b) “non-GAAP acquisitions (dispositions), net”. Non-GAAP acquisitions (dispositions), net consists of (i) for acquisitions during the current year, the revenue effect from such acquisition as if the acquisition had been owned during the equivalent period in the prior year and (ii) for acquisitions during the previous year, the revenue effect from such acquisitions as if they had been owned during that entire year (or same period as the current reportable period), taking into account their respective pre-acquisition revenues for the applicable periods, and (iii) for dispositions, the revenue effect from such disposition as if they had been disposed of during the equivalent period in the prior year.
(2) Net New Business: Estimate of annualized revenue for new wins less annualized revenue for losses incurred in the period.
(3) Adjusted EBITDA: defined as Net income excluding non-operating income or expense to achieve operating income, plus depreciation and amortization, stock-based compensation, deferred acquisition consideration adjustments, and other items. Other items include restructuring costs, acquisition-related expenses, and non-recurring items.
(4) Adjusted Diluted EPS is defined as (i) Net income (loss) attributable to Stagwell Inc. common shareholders, plus net income attributable to Class C shareholders, excluding amortization expense, impairment and other losses, stock-based compensation, deferred acquisition consideration adjustments, discrete tax items, and other items, divided by (ii) (a) the per weighted average number of common shares outstanding plus (b) the weighted average number of Class C shares outstanding, (if dilutive). Other items includes restructuring costs, acquisition-related expenses, and non-recurring items, and subject to the anti-dilution rules.
(5) Free Cash Flow: defined as Adjusted EBITDA less capital expenditures, change in net working capital, cash taxes, interest, and distributions to minority interests, but excludes contingent M&A payments.
(6) Financial Guidance: The Company provides guidance on a non-GAAP basis as it cannot predict certain elements which are included in reported GAAP results.
Included in this earnings release are tables reconciling reported Stagwell Inc. results to arrive at certain of these non-GAAP financial measures.
This document contains forward-looking statements. within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company’s representatives may also make forward-looking statements orally or in writing from time to time. Statements in this document that are not historical facts, including, statements about the Company’s beliefs and expectations, future financial performance and future prospects, business and economic trends, potential acquisitions, and estimates of amounts for redeemable noncontrolling interests and deferred acquisition consideration, constitute forward-looking statements. Forward-looking statements, which are generally denoted by words such as “anticipate,” “assume,” “believe,” “continue,” “could,” “create,” “estimate,” “expect,” “focus,” “forecast,” “foresee,” “future,” “guidance,” “intend,” “look,” “may,” “opportunity,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” or the negative of such terms or other variations thereof and terms of similar substance used in connection with any discussion of current plans, estimates and projections are subject to change based on a number of factors, including those outlined in this section.
Forward-looking statements in this document are based on certain key expectations and assumptions made by the Company. Although the management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The material assumptions upon which such forward-looking statements are based include, among others, assumptions with respect to general business, economic and market conditions, the competitive environment, anticipated and unanticipated tax consequences and anticipated and unanticipated costs. These forward-looking statements are based on current plans, estimates and projections, and are subject to change based on a number of factors, including those outlined in this section. These forward-looking statements are subject to various risks and uncertainties, many of which are outside the Company’s control. Therefore, you should not place undue reliance on such statements. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of them in light of new information or future events, if any.
Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Such risk factors include, but are not limited to, the following:
- risks associated with international, national and regional unfavorable economic conditions that could affect the Company or its clients;
- the continued impact of the coronavirus pandemic (“COVID-19”), and evolving strains of COVID-19 on the economy and demand for the Company’s services, which may precipitate or exacerbate other risks and uncertainties;
- inflation and actions taken by central banks to counter inflation;
- the Company’s ability to attract new clients and retain existing clients;
- the impact of a reduction in client spending and changes in client advertising, marketing and corporate communications requirements;
- financial failure of the Company’s clients;
- the Company’s ability to retain and attract key employees;
- the Company’s ability to compete in the markets in which it operates;
- the Company’s ability to achieve its cost saving initiatives;
- the Company’s implementation of strategic initiatives;
- the Company’s ability to remain in compliance with its debt agreements and the Company’s ability to finance its contingent payment obligations when due and payable, including but not limited to those relating to redeemable noncontrolling interests and deferred acquisition consideration;
- the Company’s ability to manage its growth effectively, including the successful completion and integration of acquisitions that complement and expand the Company’s business capabilities;
- the Company’s ability to develop products incorporating new technologies, including augmented reality, artificial intelligence, and virtual reality, and realize benefits from such products;
- an inability to realize expected benefits of the combination of the Company’s business with the business of MDC Partners Inc. (the “Transactions”) and other completed, pending, or contemplated acquisitions;
- adverse tax consequences in connection with the Transactions for the Company, its operations and its shareholders, that may differ from the expectations of the Company, including that future changes in tax law, potential increases to corporate tax rates in the United States and disagreements with the tax authorities on the Company’s determination of value and computations of its attributes may result in increased tax costs;
- the occurrence of material Canadian federal income tax (including material “emigration tax”) as a result of the Transactions;
- the Company’s unremediated material weaknesses in internal control over financial reporting and its ability to establish and maintain an effective system of internal control over financial reporting;
- the Company’s ability to protect client data from security incidents or cyberattacks;
- economic disruptions resulting from war and other geopolitical tensions (such as the ongoing military conflict between Russia and Ukraine), terrorist activities and natural disasters;
- stock price volatility; and
- foreign currency fluctuations.
Investors should carefully consider these risk factors, other risk factors described herein, and the additional risk factors outlined in more detail in our 2022 Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on March 6, 2023, and accessible on the SEC’s website at www.sec.gov, under the caption “Risk Factors,” and in the Company’s other SEC filings.
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Digital Transformation Partner Adds Market Capabilities in App Development, Artificial Intelligence, and Data Analytics
NEW YORK and SAO PAULO, Aug. 7, 2023 /PRNewswire/ — Stagwell, the challenger network built to transform marketing, has added Qintess, a global technology company with deep roots in Brazil specializing in digital transformation, to its Global Affiliate Network of agency partners. Qintess brings its experience in digital business transformation with more than 2,000 clients from different sectors served in Latin America, the U.S. and EMEA, fusing together strategy, design innovation and technology expertise, with specialization in customer experience, agile automation, apps development, systems modernization, decision science, and data analytics. Qintess is the latest step Stagwell has taken to expand its presence in Latin America, including naming Sao Paulo the company’s LATAM hub.
“Stagwell is very focused on expanding its operations in Brazil and Latin America, a point our Chairman and CEO Mark Penn reinforced at our regional summit in May,” said Vinicius Reis, president, Stagwell Brazil. “This partnership with Qintess is another step forward for Stagwell’s growth in LATAM – especially as it builds upon its digital transformation and emerging technologies capabilities – and the future we’re looking for as a global player.”
“We have innovative solutions to make marketing and advertising even more efficient and more compelling for our customers’ businesses, and look forward to our partnership with Stagwell – another important step in our expansion strategy – to help bolster their clients’ work in the region and beyond,” said Nana Baffour, CEO & Chief Culture Officer, Qintess.
Qintess will benefit from Stagwell’s 4,000+ global client relationships and agency presence worldwide, as well as the technology tools of the Stagwell Marketing Cloud, a suite of proprietary SaaS technologies for marketers.
Qintess is the eighth company operating in Brazil and Latin America to join the Stagwell Affiliate program, which powers agile global solutions for clients, enhancing Stagwell’s market presence with in-region resources and talent to support client goals. In less than two years, Stagwell has formed partnerships with nearly 80 affiliates in APAC, EMEA, LATAM and North America, extending Stagwell’s global operational reach to 98 countries.
About Qintess
Qintess is a digital transformation specialist that combines strategy, design, and technology expertise to develop innovative solutions aligned with the best ESG practices. With a portfolio focused on customer experience, agile automation, apps development, systems modernization, decision science, and data analytics, Qintess solutions allow companies to operate quickly, flexibly, and sustainably, keeping up with the changes of a constantly evolving market. With approximately 3,000 employees, Qintess is present in Brazil, Chile, Colombia, the United States, the United Kingdom, and Portugal.
About Stagwell
Stagwell (NASDAQ: STGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Media Contacts
U.S. – Sarah Arvizo
pr@stagwellglobal.com
Brazil – Laize Lima
lmlima@cpbgroup.com
SOURCE Stagwell Inc.
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Penn to discuss AI Marketing Transformation and the Stagwell Marketing Cloud
NEW YORK, Aug. 4, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, announced today that Chairman and CEO Mark Penn will present at the upcoming 3rd Annual Rosenblatt Technology Summit: The Age of AI on Wednesday, Aug. 23, 2023, at 11:00 AM ET. Additionally, the Stagwell Marketing Cloud will host a session to educate investors on how Stagwell infuses AI into its product suite, including a demo of PRophet, the first and only generative and predictive AI tool aimed at PR professionals.
Visit this page to view upcoming investor events and programming from Stagwell. Reach out to ir@stagwellglobal.com with questions.
About Stagwell
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Contacts
For Investors:
Ben Allanson
ir@stagwellglobal.com
For Press:
Sarah Arvizo
pr@stagwellglobal.com
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CONTACT:

Stagwell has appointed Lauren Dean as vice president, strategic growth, helping to drive global growth while lending her expertise in creativity, technology and digital. She brings over 14 years of experience in software sales, media and digital transformation, delivering high impact business outcomes for leading brands.
Prior to joining Stagwell, she served in several roles at Adobe, first based in Sydney where she helped scale the Advertising Cloud in APAC before transferring to New York to drive revenue growth for Adobe’s Customer Data Platform. Lauren has also held roles in early-stage startups within the programmatic industry, including TubeMogul and MediaMath, playing a pivotal role in launching enterprise sales strategies in new markets.
About Stagwell
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
SOURCE Stagwell Inc.
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