Stagwell Inc. · NASDAQ:STGW
Stagwell — FY2025 Earnings Presentation
24 slides from Stagwell's earnings presentation, Mar 10, 2026
Slide 1: Fourth Quarter and Full Year 2025 Earnings Presentation
Fourth Quarter and Full Year 2025 EARNINGS PRESENTATION MARCH 10 | 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: Full-Year 2026 Outlook
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 03/10/2026. The Company has excluded a quantitative reconciliation with respect to
Slide 5: Fourth Quarter Highlights
FOURTH QUARTER HIGHLIGHTS NET REVENUE: $651M | NET LEVERAGE RATIO: 2.92x | ADJ. EBITDA: $129M Accelerating GROWTH Continuing NEW BUSINESS MOMENTUM Net Revenue of $651M represents highest-ever quarter $106M of net new business in 4Q25, bringing LTM to a record-breaking Organic Net Revenue growth ex.
Slide 6: Summary Combined Financials
SUMMARY COMBINED FINANCIALS Three Months Ended Dec 31, Twelve Months Ended Dec 31, $ in Thousands 2025 2024 2025 2024 Net Revenue $ 650,833 $ 629,623 $ 2,427,671 $ 2,296,662 Billable Costs 156,611 159,085 481,329 544,554 Revenue $ 807,444 $ 788,708 $ 2,909,000 $ 2,841,216 Billable Costs 156,611 159,
Slide 7: 4Q25 Net Revenue
4Q25 NET REVENUE Three Months Ended Dec 31, 2025 Twelve Months Ended Dec 31, 2025 $ in Thousands Net Revenue Change Net Revenue Change Dec 31, 2024 $ 629,623 $ 2,296,662 Organic revenue (1,886) (0.3)% 2,576 0.1% Acquisitions 18,594 3.0% 120,463 5.2% (divestitures), net Foreign currency 4,502 0.7% 7,
Slide 8: 4Q25 Net Revenue by Geography
4Q25 NET REVENUE BY GEOGRAPHY % OF NET REVENUE 4Q25 YTD 4Q Organic Net Net Organic Net Net Revenue Revenue Revenue Revenue Growth Growth Growth Growth 8% United States (0.1)% 0.2% 0.9% 1.7% 16% United States ex. Advocacy 5.5% 5.8% 4.8% 5.7% EMEA 0.7% 16.9% (1.9)% 33.6% 76% Rest of World (4.1)% 11.2%
Slide 9: Global Network
GLOBAL NETWORK Stagwell’s Affiliate Network Significantly Expands Our Global Footprint Europe North America • Austria • Ukraine • Belgium • France • Bulgaria • Germany • Italy • Netherlands • Canada • Latvia • Poland • USA • Romania • Spain • Mexico • Slovak Republic • Sweden Asia Pacific • Slovenia
Slide 10: Our Operating Segments
OUR OPERATING SEGMENTS 4% 1 The Marketing Cloud % OF FY25 NET REVENUE BY SEGMENT 15% 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 4Q25 YTD % OF NET REVENUE Operating Organic Net Net Organic Net Net Revenue Revenue Revenue Revenue Segment Growth Growth Growth Growth 4% The Marketing Cloud 41.2% 111.2% 34.3% 230.0% 14% 4Q 27% Digital Transformation 2.8% 9.0% 9.2% 13.3% 17% Media & Commerce 7.1% 10.2
Slide 12: Adj. EBITDA Growth by Segment
ADJ EBITDA GROWTH BY SEGMENT Adj. EBITDA* Growth Y/Y % OF ADJ. EBITDA* Operating Segment 4Q25 YTD The Marketing Cloud** NQ NQ 2% 13% Digital Transformation 23.0% 23.4% 4Q 24% Media & Commerce 27.1% (7.2)% 22% Communications (23.5)% (28.5)% 39% Communications ex. Advocacy 25.6% 11.2% Marketing Servic
Slide 13: Ex-Advocacy Revenue, Net Revenue & Adjusted EBITDA
EX-ADVOCACY REVENUE, NET REVENUE & ADJUSTED EBITDA $ in Millions Three Months Ended, Twelve Months Ended, REVENUE Dec 31, Dec 30, % Change Dec 31, Dec 31, % Change 2025 2024 2025 2024 Total Revenue $807 $789 2.4% $2,909 $2,841 2.4% Advocacy Revenue 65 127 (48.2)% 220 363 (39.3)% Total Ex Advocacy 74
Slide 14: New Business Update
NEW BUSINESS UPDATE Notable Business WINS & EXPANSIONS Net New Business 4Q25 $106M LTM $476M Avg. Net Revenue 4Q25 $7.1M PER CLIENT AT TOP 25 14
Slide 15: Liquidity
LIQUIDITY $ in Millions Available Liquidity (as of 12/31/2025) Commitment Under Credit Facility $ 750 Drawn $ 237 Letters of Credit $ 15 Undrawn Commitments Under Facility $ 498 Total Cash & Cash Equivalents $ 105 Total Available Liquidity $ 602 Note: Numbers may not foot due to rounding. 15
Slide 16: Maintaining Discipline Around Deferred Acquisition Costs
MAINTAINING DISCIPLINE AROUND Deferred Acquisition Costs DAC DECREASED BY $62M FROM FY24 YEAR-END BALANCE $102M $40M 4Q24 4Q25 Numbers may not foot due to rounding. 16
Slide 17: Adjusted Earnings Per Share
ADJUSTED EARNINGS PER SHARE Three Months Ended Dec 31, 2025 Twelve Months Ended Dec 31, 2025 Reported Reported $ and Shares in Thousands (GAAP) Adjustments Non-GAAP (GAAP) Adjustments Non-GAAP Net income attributable to Stagwell Inc. common shareholders $ 12,660 $ 64,037 $ 76,697 $ 29,101 $ 198,129
Slide 18: GAAP Consolidated Operating Performance
GAAP CONSOLIDATED OPERATING PERFORMANCE Three Months Ended Dec 31, Twelve Months Ended Dec 31, $ and Shares in Thousands 2025 2024 2025 2024 Revenue $ 807,444 $ 788,708 $ 2,909,000 $ 2,841,216 Cost of services 503,718 502,522 1,845,958 1,842,978 Office & general expenses 203,481 203,887 732,326 711,
Slide 19: Capital Structure
CAPITAL STRUCTURE Net Debt & Debt-Like ($M, as of 12/31/2025) Share Count5 (Thousands, as of 3/5/2026) Revolving Credit Facility $ 237 Class A 253,452 Bonds 1,100 NCI1 18 DAC2 40 Class C - (equal voting & economic rights to Class A) RNCI3 25 Less: Investments4 20 Share-based awards6 12,970 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: Thank You
Thank You Contact Us: IR@StagwellGlobal.com