NASDAQ$STGW
Stagwell Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Delivered double-digit revenue growth and record net new business in Q3 2022 and shared roadmap for Stagwell Marketing Cloud
Stagwell reported strong third quarter results with GAAP revenue of $664 million, net revenue of $556 million and Adjusted EBITDA of $115 million. Pro Forma organic net revenue increased 11.3%. The company won a record $86 million of net new business during the quarter and reduced net debt by $125 million.
- 3Q GAAP revenue grew 42.3% and 16.8% on a Pro Forma basis; YTD Pro Forma growth of 22.8%
- 3Q Pro Forma organic net revenue growth of 11.3% and 16.7% YTD
- 3Q net income of $35.3M; 3Q EPS of $0.08 and adjusted EPS of $0.21 per share
- Adjusted EBITDA of $115.1M in 3Q representing a 20.7% margin on net revenue
Headline financials
Revenue & EPS history
Stagwell · Revenue · Quarterly
$664M
Revenue by segment
Stagwell · $78.6M total across 1 segment · Q3 2022
- Communications$78.6M+45.0%100.0%
Forward guidance
2022 financial guidance is as follows:
Tailwinds
- Pro Forma Organic Net Revenue growth of 16% – 20%, reflecting a more modest contribution from advocacy fundraising relative to the 2020 Presidential cycle due to a decline in closely contested races, persisting inflation, and hurricane impact in large markets.
- Re-iterating Pro Forma Organic Net Revenue growth ex-Advocacy of 13% – 17%
- Re-iterating Adjusted EBITDA of $450 million – $480 million
- Adjusted EPS of $0.86 – $0.94
- Re-iterating Pro Forma Free Cash Flow growth of approximately 30%
Headwinds
- Guidance assumes no impact from foreign exchange
- Guidance assumes no impact from acquisitions
- Guidance assumes no impact from dispositions
- Persisting inflation
- Hurricane impact in large markets
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+0.7%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+1.3%
Avg return
30 days after
61%
38 / 62 earnings
Positive
+34.9%
Q1 2020
Best reaction
-59.3%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.1% | +2.1% | +11.8% | |
| Q4 2025 | +17.8% | +17.9% | +23.9% | |
| Q3 2025 | +16.9% | +4.4% | +19.3% | |
| Q1 2025 | -14.0% | -6.9% | -22.7% | |
| Q4 2024 | -5.4% | -10.1% | -11.6% | |
| Q3 2024 | +10.1% | +7.7% | +7.0% | |
| Q2 2024 | -8.1% | -9.3% | +7.6% | |
| Q1 2024 | +19.5% | +16.0% | +16.5% | |
| Q4 2023 | -26.0% | -22.4% | -11.4% | |
| Q3 2023 | +5.6% | +11.7% | +26.5% | |
| Q2 2023 | +1.3% | -10.8% | -14.3% | |
| Q1 2023 | -5.3% | -4.5% | +32.9% | |
| Q4 2022 | +11.6% | +32.5% | +9.3% | |
| Q3 2022 | -5.0% | -2.2% | +1.4% | |
| Q2 2022 | -9.7% | -13.4% | -9.4% | |
| Q1 2022 | +6.0% | +5.4% | +19.7% | |
| Q4 2021 | -0.7% | +5.7% | -7.7% | |
| Q3 2021 | +15.1% | +16.0% | -8.0% | |
| Q2 2021 | +3.1% | +9.5% | +46.3% | |
| Q1 2021 | +9.3% | +6.4% | +10.6% | |
| Q4 2020 | +2.2% | -5.8% | +5.8% | |
| Q3 2020 | +10.4% | +8.0% | +10.8% | |
| Q2 2020 | -7.3% | -6.5% | -4.3% | |
| Q1 2020 | +34.9% | +17.9% | +24.5% | |
| Q4 2019 | +20.1% | +8.1% | -34.9% | |
| Q3 2019 | -13.1% | -13.4% | -28.3% | |
| Q2 2019 | +10.1% | -1.8% | +9.2% | |
| Q1 2019 | +27.2% | +37.8% | +31.3% | |
| Q4 2018 | +3.0% | -8.4% | +4.4% | |
| Q3 2018 | +6.8% | +29.9% | +1.7% | |
| Q2 2018 | +9.1% | +7.1% | -2.0% | |
| Q1 2018 | -31.2% | -41.8% | -34.0% | |
| Q4 2017 | -6.4% | -9.6% | -28.9% | |
| Q3 2017 | +6.5% | +1.9% | +9.3% | |
| Q2 2017 | +12.4% | +10.9% | -3.1% | |
| Q1 2017 | +2.3% | -0.6% | -6.3% | |
| Q4 2016 | -2.2% | +0.6% | +4.5% | |
| Q3 2016 | -59.3% | -57.5% | -25.7% | |
| Q2 2016 | -29.8% | -26.1% | -32.4% | |
| Q1 2016 | -13.9% | — | — | |
| Q4 2015 | +10.7% | — | — | |
| Q3 2015 | -3.4% | — | — | |
| Q2 2015 | +16.2% | — | — | |
| Q1 2015 | -28.9% | — | — | |
| Q4 2014 | +5.7% | — | — | |
| Q3 2014 | -3.3% | — | — | |
| Q2 2014 | +3.7% | — | — | |
| Q1 2014 | +1.5% | — | — | |
| Q4 2013 | -6.3% | — | — | |
| Q3 2013 | +10.8% | — | — | |
| Q2 2013 | +6.4% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q2 2012 | +6.5% | — | — | |
| Q4 2012 | +6.3% | — | — | |
| Q3 2012 | -3.2% | — | — | |
| Q1 2011 | +2.2% | — | — | |
| Q1 2012 | +2.2% | — | — | |
| Q4 2011 | -8.1% | — | — | |
| Q2 2011 | -8.1% | — | — | |
| Q3 2011 | +7.3% | — | — | |
| Q3 2010 | +7.3% | — | — | |
| Q2 2010 | -8.6% | — | — |
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