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Stagwell raises full-year adjusted EBITDA guidance to $490M-$540M on Q3 results

STGWStagwell Inc

Stagwell Inc. reported third-quarter revenue of $816 million, a 10% increase year-over-year, with net revenue reaching $664 million and adjusted EBITDA growing 25% to $145 million. Adjusted earnings per share rose 42% to $0.34, while operating cash flow for the first nine months surged 396% to $152 million. The company secured $168 million in new business during the quarter and raised its full-year adjusted EBITDA guidance to a range of $490 million to $540 million, up from previous estimates. Stagwell operates as a global marketing transformation network delivering creative performance and technology solutions.

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