Stagwell Inc. (STGW) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning from Stagwell's offices in Washington, D.C. Welcome to Stagwell Link's second quarter 2025 earnings webcast. My name is Ben Allenson, and I lead the investor relations function here at Stagwell. With me today are Mark Penn, Stagwell's chairman and chief executive officer, Ryan Green, the chief financial officer, and Franklin Newton, EVP of finance. Mark will provide a business update before Ryan and Frank share a financial review. After the prepared remarks, we will open the floor for Q&A. You're welcome to submit questions through the chat function. Before we begin, I'd like to remind you that the following remarks include forward-looking statements and non-GAAP financial data. Forward-looking statements about the company, including those related to earnings guidance, are subject to uncertainties and risk factors addressed in our earnings release, slide presentation, and the company's SEC filings. please refer to our website, stagworldglobal.com forward slash investors for an investor presentation and additional resources. This morning's press release and slide deck provide definitions, explanations, and reconciliations of non-GAAP financial data. And with that, I'd like to turn the call over to our chairman and CEO, Mark Bennett. Thank you, Ben. And thank you for everyone joining us for our earnings call this morning. I'm pleased to report another set of strong results for the quarter, fully in line with our expectations. As we look forward, we expect to achieve our full year guidance on all metrics as growth accelerates, margins expand, leverage declines, and cash flows continue to strengthen. Our net revenue grew an industry-leading 8%, and ex-advocacy grew by 10%. On top of this growth, we achieved a swing of $122 million of operating cash flow impr...