Stagwell Inc. (NASDAQ:STGW) Reports Results for the Three and Nine Months Ended September 30, 2026
Key Highlights
- ➤Q3 net revenue $664 million, up 8% year over year
- ➤Q3 adjusted EBITDA $145 million, up 25% year over year
- ➤2026 adjusted EBITDA guidance raised to $490 million-$540 million
- ➤2026 adjusted EPS guidance raised to $1.07-$1.21
- ➤Digital Transformation Q3 organic net revenue growth reached 23%
Expert Statements
Mark Penn, Chairman and CEO of Stagwell
“This is the biggest quarter in Stagwell's history. It shows we are on track to become number one in marketing transformation.”
Mark Penn, Chairman and CEO of Stagwell
“Software products, like our agentic Stagwell Machines, and the Digital Transformation segment are driving our business as we pivot from primarily marketing services to AI-powered marketing transformation.”
Mark Penn, Chairman and CEO of Stagwell
“We have more than doubled our initial Enterprise Technology Bookings goal for the year, saw 23% organic net revenue growth in Digital Transformation, and 108% organic growth in The Marketing Cloud.”
Ryan Greene, Chief Financial Officer of Stagwell
“The third quarter was Stagwell's largest ever on virtually every metric.”
Ryan Greene, Chief Financial Officer of Stagwell
“Organic net revenue for the company grew more than 7% year-over-year to $664 million, while our adjusted EBITDA grew 25% to $145 million, and our adjusted EPS grew 42% to $0.34.”
Ryan Greene, Chief Financial Officer of Stagwell
“These improved earnings also contributed to a more than 400% increase in operating cash flow year to date.”
Ryan Greene, Chief Financial Officer of Stagwell
“Net leverage now stands at 2.7x, a 0.7x improvement year-over-year, and our lowest ever third quarter ratio.”
Ryan Greene, Chief Financial Officer of Stagwell
“Results through the first three quarters give us the confidence to raise our adjusted EBITDA and adjusted EPS guidance today.”
NEW YORK CITY, NY / ACCESS Newswire / October 29, 2026 / (NASDAQ:STGW) - Stagwell Inc. ("Stagwell") today announced financial results for the three and nine months ended September 30, 2026. THIRD QUARTER RESULTS: * Q3 Revenue of $816 million, an increase of 10% versus the prior year period; YTD Revenue of $2,306 million, an increase of 10%; * Q3 Revenue increased 11% organically versus the prior year period; YTD Revenue increased 9% organically; * Q3 Net Revenue of $664 million, an increase of 8% versus the prior year period; YTD Net Revenue of $1,880 million, an increase of 6%; * Q3 Net Revenue increased 7% organically versus the prior year period; YTD Net Revenue increased 5% organically; * Q3 Digital Transformation Net Revenue of $119 million, an organic increase of 23% versus the prior year period; * Two-Year Net Revenue Growth Stack for Digital Transformation of 38%, Two-Year Organic Net Revenue Growth Stack for Digital Transformation of 30%; * Q3 The Marketing Cloud Net Revenue of $56 million, an organic increase of 108% versus the prior year period; * YTD enterprise technology products contracted to date of $59 million, more than double initial FY26 target; * Q3 Net Income attributable to Stagwell Inc. Common Shareholders of $18 million versus $25 million in the prior year period; YTD Net Loss attributable to Stagwell Inc. Common Shareholders of $3 million versus income of $16 million in the prior year period; * Q3 Adjusted EBITDA of $145 million, an increase of 25% versus the prior year period; YTD Adjusted EBITDA of $343 million an increase of 17%; * Q3 Adjusted EBITDA Margin of 22% on net revenue; YTD Adjusted EBITDA Margin of 18%; * Q3 Earnings Per Share attributable to Stagwell Inc. Common Shareholders of $0.07 versus $0.09; YTD Loss Per Share attributable to Stagwell Inc. Common Shareholders of $(0.01) versus Earnings Per Share of $0.04 in the prior year period; * Q3 Adjusted Earnings Per Share attributable to Stagwell Inc. Common Shareholders of $0.34 versus $0.24; YTD Adjusted Earnings Per Share attributable to Stagwell Inc. Common Shareholders of $0.77 versus $0.54 in the prior year period; * YTD Net Cash provided by Operating Activities of $152 million versus $31 million in the prior year period; * Net new business of $168 million in the third quarter, last twelve-month net new business of $586 million See "Non-GAAP Financial Measures" below for explanations and reconciliations of the Company's non-GAAP financial measures.
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