Slide 1: Earnings Presentation Second Quarter 2026
EARNINGS PRESENTATION Second Quarter 2026 JULY 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: Financial Outlook
FINANCIAL Raise Outlook $1.03 - $1.17 IN ADJUSTED EARNINGS PER SHARE Reiterate 8% - 12% TOTAL NET REVENUE GROWTH $475M - $525M ADJUSTED EBITDA 50% - 60% EBITDA CONVERSION ON FREE CASH FLOW Note: Guidance as of 07/30/2026. The Company has excluded a quantitative reconciliation with respect to the Com
Slide 5: Our Operating Segments
OUR OPERATING Segments 4% % OF 2Q26 NET REVENUE BY SEGMENT 17% 1 The Marketing Cloud SaaS & DaaS Tools for the Modern Marketer 24% 2 Digital Transformation Building & Designing Digital Platforms & Technology 3 Media & Commerce 18% Delivering Data-Driven Outcomes for Brand Performance 4 Communication
Slide 6: Second Quarter Highlights
SECOND QUARTER ACCELERATING MOMENTUM Highlights Organic Revenue growth of 10% YoY to $786M, Organic Net revenue growth of 5% YoY to $632M • Performance driven by organic net revenue growth of 18% in Digital Transformation; Organic two-year stack of more than 29% continues improving trend and demonst
Slide 7: Growth Drivers
Growth Drivers 7
Slide 8: Digital Transformation: Mark Penn commentary and two-year stack
Mark Penn 18% 8 ORGANIC CONSECUTIVE CHAIRMAN & CEO NET REVENUE QUARTERS OF GROWTH 2-YEAR STACK VERSUS 2Q25 IMPROVEMENT “ Digital Transformation is increasingly moving away from commoditized IT services TWO-YEAR ORGANIC NET REVENUE GROWTH STACK with thousands of low-cost engineers towards higher valu
Slide 9: Progress Towards Enterprise Software Target
PROGRESS $32M TOWARDS Identified Pipeline ENTERPRISE + Committed Revenue SOFTWARE $25M Target $16M Identified Pipeline $16M Committed Revenue Preliminary Target Progress 9
Slide 10: New Business Momentum
NEW BUSINESS Momentum NOTABLE BUSINESS WINS & EXPANSIONS 2Q26 $171M NET NEW BUSINESS LTM $540M ANNUALIZED NET REVENUE 2Q26 $28.6M AVG. PER TOP 25 CLIENT 10
Slide 11: New Business Momentum
NEW $540M BUSINESS Momentum $451M $324M 16% GROWTH FROM TOP 100 $256M CUSTOMERS (VERSUS 2Q25) $89M INCREASE IN NET NEW BUSINESS (VERSUS 2Q25) 2Q23 2Q24 2Q25 2Q26 Note: Net New Business defined as estimate of annualized revenue for new wins less annualized revenue for losses incurred in the period .
Slide 12: 2026 Financials
2026 Financials 12
Slide 13: Summary Combined Financials
2Q26 & 1H26 Summary Combined Financials Three Months Ended June 30 Six Months Ended June 30 2026 2025 2026 2025 Revenue $786,307 $706,818 $1,490,450 $1,358,558 Billable Costs 154,724 108,689 274,243 196,242 Net Revenue 631,583 598,129 1,216,207 1,162,316 Staff costs 384,382 381,270 764,568 749,532 A
Slide 14: Net Revenue
2Q26 & 1H26 Net Revenue Three Months Ended June 30, 2026 Six Months Ended June 30, 2026 Net Revenue Change Net Revenue Change June 30, 2025 $598,129 $1,162,316 Organic net revenue 30,124 5.0% 38,936 3.3% Acquisitions 1,726 0.3% 6,281 0.5% (divestitures), net Foreign currency 1,604 0.3% 8,674 0.7% To
Slide 15: Net Revenue by Geography
2Q26 & 1H26 NET REVENUE by Geography % OF NET REVENUE 2Q26 YTD 2Q Organic Net Net Organic Net Net Revenue Revenue Revenue Revenue 7% Growth Growth Growth Growth 15% United States 7.1% 7.0% 5.2% 5.1% United Kingdom 13.4% 13.8% 10.7% 12.1% 79% Rest of World (7.9%) (4.1%) (8.7%) (0.6%) TOTAL 5.0% 5.6%
Slide 16: Revenue Growth by Segment
2Q26 & 1H26 REVENUE GROWTH by Segment % OF REVENUE 2Q26 YTD Organic Organic 2Q Revenue Revenue Growth Revenue Revenue Growth 3% OPERATING SEGMENT Growth Growth 15% The Marketing Cloud 4.1% 8.3% 4.0% 9.1% 23% Digital Transformation 20.8% 20.6% 13.8% 16.3% 24% Media & Commerce 3.6% 9.7% 1.1% 9.2% Comm
Slide 17: Net Revenue Growth by Segment
2Q26 & 1H26 NET REVENUE GROWTH by Segment % OF NET REVENUE 2Q26 YTD Organic Organic 2Q Net Revenue Net Revenue Net Revenue Net Revenue 4% OPERATING SEGMENT Growth Growth Growth Growth 17% The Marketing Cloud 4.1% 8.3% 4.0% 9.1% 24% Digital Transformation 18.2% 17.9% 12.0% 13.5% Media & Commerce 1.0%
Slide 18: Adjusted EBITDA Growth by Segment
2Q26 & 1H26 ADJ. EBITDA GROWTH by Segment % OF NET REVENUE Adj. EBITDA* Growth Y/Y 2Q OPERATING SEGMENT 2Q26 YTD NA The Marketing Cloud N/A N/A 26% Digital Transformation 58.1% 32.7% 13% 28% Media & Commerce 5.8% 10.4% Communications 33.1% 36.9% 37% Marketing Services 1.0% 1.6% TOTAL 15.3% 12.3% Not
Slide 19: Liquidity
LIQUIDITY AVAILABLE LIQUIDITY (AS OF 06/30/2026) $ in Millions Commitment Under Credit Facility $750 Drawn 360 Letters of Credit 16 Undrawn Commitments Under Facility $374 Total Cash & Cash Equivalents 109 TOTAL AVAILABLE LIQUIDITY $483 Note: Figures may not foot due to rounding. 19
Slide 20: Maintaining Discipline Around Deferred Acquisition Costs
MAINTAINING DAC DECREASED BY $35M FROM 2Q25 QUARTER-END BALANCE Discipline $14M FROM 2Q24 QUARTER-END BALANCE $57M FROM 2Q23 QUARTER-END BALANCE $114M AROUND DEFERRED ACQUISITION COSTS $92M $71M $57M 2Q23 2Q24 2Q25 2Q26 Note: Figures may not foot due to rounding. 20
Slide 21: Adjusted Earnings Per Share
2Q26 & 1H26 Adjusted Earnings Per Share Three Months Six Months Ended June 30, 2026 Ended June 30, 2026 REPORTED REPORTED $ and Shares in Thousands ADJUSTMENTS NON-GAAP ADJUSTMENTS NON-GAAP (GAAP) (GAAP) Net income (loss) attributable to Stagwell Inc. common shareholders $ (8,116) $69,381 $ 61,265 $
Slide 22: GAAP Consolidated Operating Performance
2Q26 & 1H26 GAAP Consolidated Operating Performance Three Months Ended June 30 Six Months Ended June 30 $ and Shares in Thousands 2026 2025 2026 2025 Revenue $786,307 $706,818 $1,490,450 $1,358,558 Cost of services 517,064 459,216 976,595 871,303 Office & general expenses 213,742 183,061 404,381 362
Slide 23: Capital Structure
CAPITAL Structure NET DEBT & DEBT-LIKE ($M, AS OF 06/30/2026) SHARE COUNT4 (THOUSANDS, AS OF 7/22/2026) Revolving Credit Facility $ 360 Class A 244,475 Bonds 1,100 NCI 17 Share-based awards 22,346 DAC1 57 DILUTED 266,821 RNCI2 27 Less: Investments3 (22) Less: Cash (109) TOTAL NET DEBT & DEBT-LIKE $
Slide 24: Share Count Trajectory
SHARE COUNT Trajectory SHARES OUTSTANDING 17M REDUCTION IN SHARE COUNT (VERSUS 2Q25) 298.2M 292.6M 54M 270.1M 266.5M REDUCTION IN 252.3M 246.4M 244.4M SHARE COUNT (VERSUS YEAR-END 2021) $328M AVAILABLE TO REPURCHASE SHARES UNDER CURRENT PLAN YE21 YE22 YE23 YE24 YE25 1Q26 2Q26 Note: Shares Outstandin
Slide 25: Thank You
Thank You CONTACT US: IR@STAGWELLGLOBAL.COM 25