Stagwell Reaffirms Full-Year Total Net Revenue Growth Guidance
Story updates
11:34:08 AM UTC
SquawkNews
Stagwell Inc. reported third-quarter 2026 revenue of $816 million, representing a 10% year-over-year increase, with net revenue growing 8% to $664 million. The company achieved significant growth in its digital transformation and marketing cloud segments, while securing $168 million in net new business during the quarter. Notable commercial developments include the company's largest multi-agency deal to date with ServiceNow, a first major federal government contract, and an expanded partnership with Palantir. Driven by these results, Stagwell raised its full-year adjusted EBITDA guidance to a range of $490 million to $540 million and increased its full-year adjusted EPS guidance to between $1.07 and $1.21. Additionally, the company reported a 42% year-over-year increase in adjusted EPS to $0.34 and a 25% growth in adjusted EBITDA to $145 million.