Stagwell -STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2024

Core Insights - Stagwell Inc. reported a Q4 revenue of $789 million, reflecting a 20% year-over-year growth, and a full-year revenue of$ 2.8 billion, up 12% from the previous year [4][19] - The company achieved a Q4 net income of $3 million, compared to$ 1 million in the same period last year, and a full-year net income of $2 million, up from$ 0.1 million [4][19] - Adjusted EBITDA for Q4 was $123 million, representing a 30% increase year-over-year, with an adjusted EBITDA margin of 20% [4][5] - Stagwell introduced guidance for 2025, projecting total net revenue growth of approximately 8%, adjusted EBITDA between$ 410 million and $460 million, and free cash flow conversion exceeding 45% [10][6] Financial Performance - Q4 net revenue reached$ 630 million, a 14% increase year-over-year, while full-year net revenue was $2.3 billion, up 7% [4][19] - Organic net revenue growth for Q4 was 10%, with a full-year organic net revenue increase of 5% [4][19] - The company reported a Q4 adjusted EPS of$ 0.24, compared to $0.12 in the prior year, and a full-year adjusted EPS of$ 0.77, up from $0.57 [4][19] Business Development - Stagwell achieved net new business of$ 102 million in Q4, with a last twelve-month (LTM) net new business total of $382 million [4][19] - The company has experienced eight consecutive quarters of record LTM net new business [4] Strategic Outlook - Mark Penn, Chairman and CEO, emphasized that 2024 was a breakthrough year for Stagwell, highlighting rapid growth in digital transformation and strategic investments to enhance capabilities and geographical reach [4][5] - The company plans to host an Investor Day on April 2, 2025, to discuss future strategies and performance [6]