UPDATE: Stagwell Inc (STGW) Reports Q1 EPS of 10c
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STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2022
May 6, 2022 7:06 AM EDTRecord first quarter financial results driven by high-growth digital transformation, consumer insights & strategy, and large client wins in media
GAAP Revenue grew 254.7% in 1Q and 31.5% on a Pro Forma basisPro-Forma Organic Net Revenue grew 23.6% in 1QNet Income of $33.6M in 1Q or Diluted EPS of $0.10 per shareNet Income attributable to Stagwell of $12.7M in 1Q Adjusted EBITDA of $101.4M in 1Q representing a 19.3% margin on Net RevenueRecord first quarter Net New Business of $54M56% of 1Q Net Revenue came from... More