Slide 1: First Quarter 2026 Earnings Presentation
First Quarter 2026 EARNINGS PRESENTATION APRIL 30 | 2026
Slide 2: Forward Looking Statements & Other Information
FORWARD LOOKING STATEMENTS & OTHER INFORMATION This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company’s
Slide 3: Definitions of Non-GAAP Financial Measures
DEFINITIONS OF NON-GAAP FINANCIAL MEASURES In addition to its reported results, Stagwell Inc. has included in this earnings presentation certain financial results that the Securities and Exchange Commission (SEC) defines as "non-GAAP Financial Measures." Management believes that such non-GAAP financ
Slide 4: Reiterate Full-Year 2026 Outlook
Reiterate Full-Year 2026 Outlook FINANCIAL 8% - 12% Total Net Revenue Growth Outlook $475M - $525M Adjusted EBITDA 50% - 60% EBITDA Conversion on Free Cash Flow $0.98 - $1.12 In Adjusted Earnings Per Share Note: Guidance as of 04/30/2026. The Company has excluded a quantitative reconciliation with r
Slide 5: First Quarter Highlights
FIRST QUARTER HIGHLIGHTS NET REVENUE: $ 585M | NET LEVERAGE RATIO: 3.11x | ADJ. EBITDA: $90M Accelerating MOMENTUM Continuing NEW BUSINESS MOMENTUM Revenue growth of 8% YoY to $704M, Net revenue growth of 4% YoY to Record $141M of net new business, Bringing LTM NNB to $486M $585M Secured multiple hi
Slide 6: Summary Combined Financials
SUMMARY COMBINED FINANCIALS Three Months Ended March 31, $ in Thousands 2026 2025 Revenue $704,143 $651,740 Billable Costs 119,519 87,553 Net Revenue $584,624 $564,187 Staff costs 380,186 368,262 Administrative costs 74,362 73,398 Unbillable and other costs, net 40,391 40,234 Adjusted EBITDA $89,685
Slide 7: 1Q26 Net Revenue
1Q26 NET REVENUE Three Months Ended March 31, 2026 $ in Thousands Net Revenue Change March 31, 2025 $564,187 Organic net revenue 8,813 1.6% Acquisitions (divestitures), net 4,556 0.8% Foreign currency 7,068 1.3% Total Change $20,437 3.6% March 31, 2026 $584,624 Note: Figures may not foot due to roun
Slide 8: 1Q26 Net Revenue by Geography
1Q26 NET REVENUE BY GEOGRAPHY % OF NET REVENUE 1Q26 Organic Net Net 1Q Revenue Revenue 7% Growth Growth 16% United States 3.3% 3.1% EMEA (2.0)% 7.0% 78% Rest of World (10.0)% 1.8% TOTAL 1.6% 3.6% Note: Figures may not foot due to rounding. 8
Slide 9: Global Network
GLOBAL NETWORK Stagwell’s Affiliate Network Significantly Expands Our Global Footprint Europe • Austria • Ukraine North America • Belgium • France • Bulgaria • Germany • Italy • Netherlands • Canada • Latvia • Poland • USA • Romania • Spain • Mexico • Slovak Republic • Sweden • Slovenia • United Kin
Slide 10: Our Operating Segments
OUR OPERATING SEGMENTS 4% 1 The Marketing Cloud 16% % OF 1Q26 NET REVENUE BY SEGMENT SaaS & DaaS Tools for the Modern Marketer 2 Digital Transformation Building & Designing Digital Platforms & Technology 26% 3 Media & Commerce Delivering Data-Driven Outcomes for Brand Performance 16% 4 Communication
Slide 11: Revenue Growth by Segment
REVENUE GROWTH BY SEGMENT % OF REVENUE 1Q26 Operating Organic Revenue Revenue 4% Segment Growth Growth 14% The Marketing Cloud (0.4)% 5.6% 1Q 25% 20% Digital Transformation 6.3% 11.7% Media & Commerce (1.4)% 8.8% 38% Communications 17.6% 18.4% Marketing Services 2.7% 1.1% TOTAL 5.0% 8.0%
Slide 12: Net Revenue Growth by Segment
NET REVENUE GROWTH BY SEGMENT % OF NET REVENUE 1Q26 Operating Organic Net Revenue Net Revenue 4% Segment Growth Growth 16% The Marketing Cloud (0.5)% 5.3% 1Q 26% 16% Digital Transformation 5.6% 9.0% Media & Commerce (0.7)% 2.3% 38% Communications 5.3% 6.4% Marketing Services 0.3% 1.1% TOTAL 1.6% 3.6
Slide 13: Adj EBITDA Growth by Segment
ADJ EBITDA GROWTH BY SEGMENT % OF ADJ. EBITDA* Adj. EBITDA* Growth Y/Y Operating Segment 1Q26 (2)% The Marketing Cloud** NQ 23% 1Q 14% Digital Transformation 10.2% 23% Media & Commerce 15.6% 41% Communications 42.4% Marketing Services 1.7% TOTAL 9.0% Note: Figures may not foot due to rounding. *Adju
Slide 14: Digital Transformation Growth
DIGITAL TRANSFORMATION GROWTH Two-Year Organic Net Revenue Growth Stack 30.0% 22.5% 20.0% 10.0% 13.2% 10.0% 0.0% -1.1% -0.7% -3.5% -10.0% -20.0% -17.0% -24.5% -26.3% -30.0% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Note: Two-Year Stack calculated as current period growth plus prior year same peri
Slide 15: New Business Update
NEW BUSINESS UPDATE Notable Business WINS & EXPANSIONS Net New Business 1Q26 $141M LTM $486M Avg. Net Revenue 1Q26 $6.7M PER CLIENT AT TOP 25 15
Slide 16: Growth Drivers for 2026
GROWTH DRIVERS FOR 2026 1Q Net New Business $141M $130M 15% Growth from Top 100 Customers (versus 1Q25) 10%+ Reduction in Client Churn $66M (versus 1Q25) $54M $53M $11M Increase in Net New Business (versus 1Q25) 1Q22 1Q23 1Q24 1Q25 1Q26 Note: Net New Business defined as estimate of annualized revenu
Slide 17: Progress Towards Enterprise Software Target
PROGRESS TOWARDS ENTERPRISE SOFTWARE TARGET $28M Identified Pipeline + Committed Revenue $25M $16M Identified Pipeline $12M Committed Revenue Preliminary Target Progress
Slide 18: Liquidity
LIQUIDITY $ in Millions Available Liquidity (as of 03/31/2026) Commitment Under Credit Facility $750 Drawn 350 Letters of Credit 16 Undrawn Commitments Under Facility $384 Total Cash & Cash Equivalents 115 Total Available Liquidity $499 Note: Numbers may not foot due to rounding. 18
Slide 19: Maintaining Discipline Around Deferred Acquisition Costs
MAINTAINING DISCIPLINE AROUND Deferred Acquisition Costs DAC DECREASED BY $43M FROM 1Q25 QUARTER-END BALANCE $51M FROM 1Q24 QUARTER-END BALANCE $116M FROM 1Q23 QUARTER-END BALANCE $166M $101M $93M $50M 1Q23 1Q24 1Q25 1Q26 Numbers may not foot due to rounding. 19
Slide 20: Adjusted Earnings Per Share
ADJUSTED EARNINGS PER SHARE Three Months Ended March 31, 2026 Reported $ and Shares in Thousands (GAAP) Adjustments Non-GAAP Net income (loss) attributable to Stagwell Inc. common shareholders $ (12,973) $56,168 $ 43,195 Diluted - Weighted average number of common shares outstanding 250,766 — 250,76
Slide 21: GAAP Consolidated Operating Performance
GAAP CONSOLIDATED OPERATING PERFORMANCE Three Months Ended March 31, $ and Shares in Thousands 2026 2025 Revenue $ 704,143 $ 651,740 Cost of services 459,531 412,087 Office & general expenses 190,639 179,362 Depreciation & amortization 44,331 42,006 Total operating expenses $ 694,501 $ 633,455 Opera
Slide 22: Capital Structure
CAPITAL STRUCTURE Net Debt & Debt-Like ($M, as of 03/31/2026) Share Count4 (Thousands, as of 4/22/2026) Revolving Credit Facility $ 350 Class A 247,854 Bonds 1,100 NCI 18 DAC1 50 Share-based awards 9,373 RNCI2 24 DILUTED 257,227 Less: Investments3 (21) Less: Cash (115) TOTAL NET DEBT & DEBT-LIKE $ 1
Slide 23: Share Count Trajectory
SHARE COUNT TRAJECTORY Shares Outstanding 298.0M 291.0M 19M Reduction in Share Count (versus 1Q25) 266.5M 265.5M 246.4M 52M Reduction in Share Count (versus 1Q22) Available to $356M Repurchase Shares Under Current Plan 1Q22 1Q23 1Q24 1Q25 1Q26 Note: Shares Outstanding includes all Class A, B and C s
Slide 24: Thank You
Thank You Contact Us: IR@StagwellGlobal.com