Stagwell (STGW) - 2023 Q4 - Annual Results

FOR IMMEDIATE ISSUE STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2023 Expects 2024 Organic Net Revenue Growth of 5% to 7%; Adjusted EBITDA of $400 million to$450 million; Free Cash Flow Conversion of ~50% Net Revenue Growth of 31% from Stagwell Marketing Cloud Group in FY23 Growth of 13% in International Net Revenue in FY23, Led by 17% Growth in EMEA $65 million of net new business in Q4; LTM net new business exceeds$270 million FY Revenue of $2,527 milli ...