MDC Partners (MDCA) Reports Q3 Loss of $3.23 on Revenues of $328.2M

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Go back to MDC Partners (MDCA) Reports Q3 Loss of $3.23 on Revenues of $328.2M

MDC Partners Inc. Reports Results For The Three And Twelve Months Ended December 31, 2020

March 2, 2021 7:00 AM EST

Company Delivers 15.8% Sequential Revenue Growth in Fourth Quarter, Guides 7-9% Revenue Growth in 2021

FOURTH QUARTER & 2020 HIGHLIGHTS:

Revenue of $328.2 million in the fourth quarter versus $382.0 million in the prior year period, a decline of 14.1%; and $1.20 billion in 2020 versus $1.42 billion in the prior year, a decline of 15.3%. Sequential revenue growth of 15.8% from the third quarter of 2020. Organic revenue declined 13.7% in the fourth quarter and 13.9% in 2020. Net loss attributable to MDC Partners Inc. common shareholders was $243.2 million (inclusive of... More