Slide 1: Third Quarter 2025 Earnings Presentation
Third Quarter 2025 EARNINGS PRESENTATION November 6 | 2025
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: Full-Year 2025 Outlook
Full-Year 2025 Outlook FINANCIAL ~8% Total Net Revenue Growth Outlook $410M - $460M Adjusted EBITDA > 45% EBITDA Conversion on Free Cash Flow $0.75 - $0.88 In Adjusted Earnings Per Share Note: Guidance as of 11/06/2025. The Company has excluded a quantit ativ e reconcil iation wit h respect to t he
Slide 5: Third Quarter Highlights
THIRD QUARTER HIGHLIGHTS NET REVENUE: $615M | NET LEVERAGE RATIO: 3.42x | ADJ. EBITDA: $115M Accelerating GROWTH Continuing NEW BUSINESS MOMENTUM Net Revenue of $615M represents highest ever non-political quarter $122M of net new business in 3Q25, bringing LTM to a record-breaking Total Net Revenue
Slide 6: Summary Combined Financials
SUMMARY COMBINED FINANCIALS Three Months Ended Sept 30, Nine Months Ended Sept 30, $ in Thousands 2025 2024 2025 2024 Net Revenue $ 614,522 $ 580,193 $ 1,776,838 $ 1,667,039 Billable Costs 128,476 131,088 324,718 385,469 Revenue $ 742,998 $ 711,281 $ 2,101,556 $ 2,052,508 Billable Costs 128,476 131,
Slide 7: 3Q25 Net Revenue
3Q25 NET REVENUE Three Months Ended Sept 30, 2025 Nine Months Ended Sept 30, 2025 $ in Thousands Net Revenue Change Net Revenue Change Sept 30, 2024 $ 580,193 $ 1,667,039 Organic revenue (2,266) (0.4)% 10,021 0.6% Acquisitions 33,966 5.9% 96,312 5.8% (divestitures), net Foreign currency 2,629 0.5% 3
Slide 8: 3Q25 Net Revenue by Geography
3Q25 NET REVENUE BY GEOGRAPHY % OF NET REVENUE 3Q25 YTD 3Q Organic Net Net Organic Net Net Revenue Revenue Revenue Revenue Growth Growth Growth Growth 16% United States 0.6% 1.1% 1.7% 2.2% 7% United States ex. Advocacy 5.2% 5.9% 5.0% 5.7% EMEA (0.7)% 39.6% (3.1)% 41.3% 77% Rest of World (10.4)% 4.3%
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 15% % OF 3Q25 NET REVENUE BY SEGMENT SaaS & DaaS Tools for the Modern Marketer 2 Digital Transformation Building & Designing Digital Platforms & Technology 25% 3 Media & Commerce Delivering Data-Driven Outcomes for Brand Performance 16% 4 Communication
Slide 11: Net Revenue Growth by Segment
NET REVENUE GROWTH BY SEGMENT 3Q25 YTD % OF NET REVENUE Operating Organic Net Net Organic Net Net Revenue Revenue Revenue Revenue Segment Growth Growth Growth Growth 4% The Marketing Cloud 6.6% 137.5% (4.0)% 205.0% 15% 3Q 25% Digital Transformation 6.9% 11.9% 11.5% 14.8% 16% Media & Commerce 3.2% 5.
Slide 12: Adj. EBITDA Growth by Segment
ADJ EBITDA GROWTH BY SEGMENT Adj. EBITDA* Growth Y/Y % OF ADJ. EBITDA* Operating Segment 3Q25 YTD The Marketing Cloud** NQ NQ (1)% 20% Digital Transformation 10.2% 23.5% 3Q 19% Media & Commerce 19.3% (22.3)% 19% Communications (41.0)% (30.8)% 43% Communications ex. Advocacy (8.6)% 5.2% Marketing Ser
Slide 13: Ex-Advocacy Revenue, Net Revenue & Adjusted EBITDA
EX-ADVOCACY REVENUE, NET REVENUE & ADJUSTED EBITDA $ in Millions Three Months Ended, Nine Months Ended, REVENUE Sept 30, Sept 30, % Change Sept 30, Sept 30, % Change 2025 2024 2025 2024 Total Revenue $743 $711 4.5% $2,102 $2,053 2.4% Advocacy Revenue 57 99 (42.3)% 155 236 (34.4)% Total Ex Advocacy 6
Slide 14: New Business Update
NEW BUSINESS UPDATE Notable Business WINS & EXPANSIONS Net New Business 3Q25 $122M LTM $472M Avg. Net Revenue 3Q25 $7.0M PER CLIENT AT TOP 25 14
Slide 15: Liquidity
LIQUIDITY $ in Millions Available Liquidity (as of 9/30/2025) Commitment Under Credit Facility $ 750 Drawn $ 438 Letters of Credit $ 15 Undrawn Commitments Under Facility $ 297 Total Cash & Cash Equivalents $ 132 Total Available Liquidity $ 429 Note: Numbers may not foo t due to ro unding. 15
Slide 16: Maintaining Discipline Around Deferred Acquisition Costs
MAINTAINING DISCIPLINE AROUND Deferred Acquisition Costs DAC DECREASED BY $25M FROM FY24 YEAR-END BALANCE $102M $77M 4Q24 3Q25 Numbers may not foot due to rounding. 16
Slide 17: Adjusted Earnings Per Share
ADJUSTED EARNINGS PER SHARE Three Months Ended Sept 30, 2025 Nine Months Ended Sept 30, 2025 Reported Reported $ and Shares in Thousands (GAAP) Adjustments Non-GAAP (GAAP) Adjustments Non-GAAP Net income attributable to Stagwell Inc. common shareholders $ 24,619 $ 38,147 $ 62,766 $ 16,441 $ 131,430
Slide 18: GAAP Consolidated Operating Performance
GAAP CONSOLIDATED OPERATING PERFORMANCE $ and Shares in Thousands Three Months Ended Sept 30, Nine Months Ended Sept 30, 2025 2024 2025 2024 Revenue $ 742,998 $ 711,281 $ 2,101,556 $ 2 ,052,5 08 Cost of servic es 470,937 457,018 1,3 42,240 1,3 40,456 Office & general expenses 166,422 176,440 528,845
Slide 19: Capital Structure
CAPITAL STRUCTURE Net Debt & Debt-Like ($M, as of 9/30/2025) Share Count5 (Thousands, as of 10/30/2025) Revolving Credit Facility $ 438 Class A 252,118 Bonds 1,100 NCI1 21 DAC2 77 Class C - (equal voting & economic rights to Class A) RNCI3 9 Less: Investments4 16 Share-based awards6 12,321 Less: Cas
Slide 20: Applying a Proven Playbook to Scale The Marketing Cloud Group
APPLYING A PROVEN PLAYBOOK to scale The Marketing Cloud Group Building complementary software solutions leveraging the domain expertise and distribution channels already in place at Stagwell Digital Services Technology Digital Transformation Advanced Media Platforms 1 Building Digital Platforms & Co
Slide 21: The Marketing Cloud Group: Product Incubation Playbook
THE MARKETING CLOUD GROUP Product Incubation Playbook We've developed a proven strategy to develop and incubate new technologies, making informed product roadmap decisions based off agency clients while leveraging our world-class tech team Faster WE BUILD Shared infrastructure + tech expertise DEVEL
Slide 22: Product Spotlight: Real-Time Insights
REAL-TIME INSIGHTS Product Spotlight Customer Benefit Unlocking continuous brand tracking on an affordable, global, modern basis for research professionals 22
Slide 23: Product Spotlight: Artificial Intelligence
ARTIFICAL INTELLIGENCE Product Spotlight Customer Benefit Revolutionizing the PR process through AI, saving PR professionals from millions of tedious working hours 23
Slide 24: Product Spotlight: Augmented Reality
AUGMENTED REALITY Product Spotlight Customer Benefit Bringing a whole new level of stadium entertainment and fan engagement to sports and entertainment through shared AR 24
Slide 25: The Marketing Cloud Group: Pricing Model
THE MARKETING CLOUD GROUP Pricing Model Modern, flexible pricing models that fit the needs and budgets for the modern marketer Subscription Pricing Consumption Fee Advertising-Based Annual SaaS contract Data and media spend Sponsorship fees 25
Slide 26: Thank You
Thank You Contact Us: IR@StagwellGlobal.com