- Stagwell press release ( NASDAQ: STGW ): Q2 GAAP EPS of $0.08 misses by $0.02 .
- Revenue of $672.9M (+221.1% Y/Y) beats by $6.3M .
- Adjusted EBITDA of $111.3M in 2Q representing a 20.0% margin on net revenu.
- Reaffirming 2022 full-year organic net revenue growth outlook of 18%-22%; Pro Forma organic net revenue growth ex-Advocacy of 13% – 17%; Adjusted EBITDA of $450 million - $480 million, excluding the contribution from 2022 acquisitions and Pro Forma Free Cash Flow growth of approximately 30%.
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Stagwell reports mixed Q2 earnings; reaffirms FY22 guidance