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Larry joins leadership team alongside chair John Boiler and chief financial officer John Pyne

LOS ANGELES, March 15, 2022 /PRNewswire/ — Constellation, a group within Stagwell (NASDAQ:STGW) announces Zakiya Larry as Global Chief Communications Officer as the network expands and bolsters business offerings. She joins the leadership team with John Boiler, Constellation chair and Creative Co-Chair of 72andSunny, and John Pyne, Chief Financial Officer. Larry is the first woman, Millennial and Black professional to join the leaders at the helm of the global collective.
Constellation is a formation of best-in-class marketing services agencies spanning data, insights, creativity, technology and experiential that deploys itself to maximize clients’ biggest opportunities and solve their toughest business problems at scale. The Constellation solution is bespoke for each challenge and tailored to deliver maximum impact with peak efficiency.
The Constellation collective includes the following Stagwell agencies: 72andSunny, Instrument, Brand Citizens, Crispin Porter Bogusky (CP+B,) Hecho Studios and Redscout. The leaders of these companies sit on the operating council of Constellation.
“This collective is unified by the shared ambition to create a more integrated and powerful resource that will enable clients to access world-class talent from every discipline on their greatest challenges,” said John Boiler, Chair of Constellation. “We’re thrilled to welcome Zakiya who brings the expert skills and passion to unleash our story and amplify our impact on the industry.”
Larry, a longtime communications executive, entrepreneur and journalist, will develop and oversee a comprehensive internal and external communications strategy for Constellation that will support and help guide business goals and the client experience. This includes oversight of media relations, corporate responsibility, social media, crisis, business and executive communications, and live event productions. She will also oversee strategic communications planning and execution for Constellation’s ecosystem of six agencies and businesses that have a combined employee number of 3,000 and an international footprint including the U.S., Amsterdam, Australia, Brazil, Netherlands, Singapore and U.K.
Prior to joining Constellation, Zakiya led a boutique strategic communications firm that specialized in elevating brands through strategic public relations, crisis mitigation, DEI competency development and coaching for media and public speaking. Her clients included global leaders and international brands. Her work has garnered no less than a dozen national and international awards including two International Hermes Creative Awards, two National Association of Black Journalists (NABJ) Salute to Excellence Awards and multiple Public Relations Society of America (PRSA) awards. She is an honors graduate from an HBCU, Texas Southern University, and is a member of the PRSA, NABJ, and Alpha Kappa Alpha Sorority, Inc.
“I am excited to help advance the vision and work of Constellation and our family of companies,” said Zakiya Larry, Global Chief Communications Officer, Constellation. “This group and its vision reflect so much of my core: precision, collaboration, creativity, mutual care and respect for the whole person, and doing good while leading well. After nearly 20 years in communications, I believe this is the right formula for making a lasting impact for our clients and in the world. I’m all in.”
Ever expanding, the Constellation added two new agencies to the collective at the end of 2021 and will announce further details within the second quarter of 2022.
ABOUT CONSTELLATION
Constellation is a formation of best-in-class agencies within Stagwell (NASDAQ:STGW) across marketing services from data, insights, creativity, technology, and experiential that deploys itself to seize clients’ biggest opportunities and solve their toughest business problems.The collective includes: 72andSunny, Instrument, Brand Citizens, Crispin Porter Bogusky (CPB,) Hecho Studios and Redscout.
ABOUT STAGWELL
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 10,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
CONTACT
comms.la@72andSunny.com
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LOS ANGELES, March 22, 2022 – National Research Group (NRG), recognized as an insights leader at the edge of technology, content and culture, today announced Grady Miller, head of consumer insights at Apple TV+, as its Chief Marketing Officer. He will run the company’s global marketing, strategic communications, and thought leadership functions. National Research Group is a firm within Stagwell (NASDAQ: STGW), the global challenger network built to transform marketing.
This marks Miller’s return to NRG, where he was most recently Vice President of Strategy in 2019. Then, he helped grow the business firmwide and led assignments with top content, technology, and media companies. In his new role, Miller will oversee the direction of NRG’s client engagement, content marketing, and media outreach. He will also oversee NRG’s thought leadership strategy, answering the questions that matter most to world-class creators, rising disruptors, and big tech firms.
“NRG’s singular expertise has never been more relevant to understanding what is next in culture. That’s why I’m so excited to be rejoining NRG at this pivotal moment. As we harness our vast knowledge of the consumer, NRG is further shaping the conversation around the future of content, tech, and media.” said Miller. “Our expanding data-driven reporting will create unique value for our clients that can fuel their innovation and creativity.”
Miller is an insights and analytics executive who comes to NRG after serving as the Global Research Lead for Apple TV+ since the launch of the video streaming subscription service in 2019. He established and built the group responsible for leveraging consumer insights across Apple TV+, where his team helped guide platform development, programming, and marketing.
“We are delighted to welcome our friend Grady back to NRG,” said Jon Penn, CEO, National Research Group. “Grady is a rare leader who is equal parts creator, counselor and researcher. His vision for seeing what’s next in our culture matched with his uncanny insight into content and technology trends will super charge our marketing to new heights.”
Miller initially joined NRG in 2016 following roles in film development and production at Sony Pictures Entertainment and at research agency Penn Schoen Berland. Miller has sat on the board of Los Angeles World Affairs Council and the American Jewish World Service. Miller received a Bachelor of Arts degree from the University of Southern California’s School of Cinematic Arts and a Master of Business Administration from the University of Southern California’s Marshall School of Business. He will be based in NRG’s Los Angeles office.
About National Research Group (NRG): NRG is a leading global insights and strategy firm at the intersection of entertainment and technology. Rooted in four decades of industry expertise, the world’s leading marketers turn to us for insights into growth and strategy for any content, anywhere, on any device. Working at the confluence of content, culture and technology, NRG offers insights for bold storytellers everywhere.
About Stagwell
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 10,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Contact:
Jordan Yates
818-388-7924
jordan@globalsitroom.com
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NEW YORK, March 23, 2022 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced its Board of Directors has authorized a stock repurchase program (the “Repurchase Program”) under which it may repurchase up to $125.0 million of shares of its outstanding Class A common stock. The Repurchase Program will expire on March 23, 2025.
Under the Repurchase Program, share repurchases may be made at the Company’s discretion from time to time in open market transactions at prevailing market prices (including through trading plans that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended), in privately negotiated transactions, or through other means. The timing and number of shares repurchased under the program will depend on a variety of factors, including the performance of the Company’s stock price, general market and economic conditions, regulatory requirements, the availability of funds, and other relevant considerations, as determined by the Company. The Repurchase Program may be suspended, modified or discontinued at any time without prior notice. The Company’s Board of Directors will review the Repurchase Program periodically and may authorize adjustments of its terms if appropriate.
“This program reinforces the confidence of Stagwell’s Board in our financial strength, the transformative results of our combination, and the rigorous strategic management our team has applied to the business,” said Mark Penn, Chairman and CEO, Stagwell.
About Stagwell
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 10,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Forward-Looking Statements
This press release contains forward-looking statements. The forward-looking statements in this release include statements regarding the Company’s stock repurchase program and expectations regarding such program and the Company’s ability to repurchase shares thereunder. These statements are based on current plans, estimates and projections, and are subject to change based on a number of factors that could adversely affect the Company’s business, financial condition, results of operations and cash flows, including those outlined in the Company’s Annual Report on Form 10-K, and the Company’s other filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of them in light of new information or future events.
Contact:
Michaela Pewarski
IR@stagwellglobal.com
646-429-1812
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Recognition for 72andSunny, Anomaly, Assembly, Doner, and YML ties Stagwell with holding company giants for recognition in the annual list of best advertising agencies worldwide
NEW YORK, March 15, 2022 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today celebrates five agencies which have been honored in the Ad Age 2022 A List & Creativity Awards: 72andSunny, Anomaly, Assembly, Doner, and YML. The 2022 accolades reflect a breakout year of digital, creative, and purpose-driven work from Stagwell’s network on behalf of leading brands Kaiser Permanente, Tinder, Etsy, Nike, Johnson & Johnson, and more.
The A List & Creativity Awards are an annual recognition of the best global advertising agencies for “game-changing creativity, bold leadership, and the ability to point the industry in new directions.”
2022 award highlights include:
- STANDOUT AGENCY for 72andSunny after another breakthrough year of transformative client work for the N.F.L., Etsy, and Tinder, and a strong pipeline of global client wins which include United Airlines.
- #9 A LIST AGENCY OF THE YEAR for disruptive global strategy, innovation and creative shop Anomaly, who took on an expansive 26 new business assignments in the U.S. in 2021, including Jimmy John’s, Netflix, Oculus, Denny’s, Amazon Corporate, and Dunkin’. Ad Age also celebrated the breadth of Anomaly’s ‘creativity’ and investment in original IP, including Obie, a fertility and pregnancy app, and Lets Get FR.EE which aims to drive social change via the largest equity-focused, purpose-driven music festival in the US.
- PURPOSE-LED AGENCY OF THE YEAR for Assembly, Stagwell’s flagship global omnichannel media agency, whose dedicated Impact unit and global talent community drove purpose as a strategic priority for client and internal initiatives, including Nike’s Move to Zero campaign. Assembly is the first-ever winner in the category, which was introduced in this year’s program.
- STANDOUT AGENCY for Doner, whose mix of consumer insights and creativity at the “corner of Modern & Main Street” drove an impressive roster of new client wins in Travelocity, Bloomberg, and Cue Health, among others, and helped brands including Jeep, Johnson & Johnson and Coca Cola’s Core Power tap into the power of key cultural moments to advance their market position.
- CUSTOMER EXPERIENCE AGENCY OF THE YEAR for YML, Stagwell’s digital product and design agency, which has helped brands such as Kaiser Permanente, Polestar, YETI, and Thrive Market gain an edge by transforming their experiences to meet consumers’ new digital needs. YML is the first agency to win the accolade, which was introduced in this year’s program.
“Our A-List showing this year validates what Stagwell is all about: harmonizing the art and science of marketing to drive big transformations, unmistakable cultural impact, and powerful client results,” said Mark Penn, Chairman and CEO, Stagwell. “Again, the outsized impact of our network shows in the breadth of work recognized across the A-List. Despite currently accounting for a small chunk of the global ad market, we’re tied with legacy giants several times our size for recognition as the one of most creative networks out there.”
About Stagwell Inc
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 10,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Contact:
Beth Sidhu
202-423-4414
beth.sidhu@stagwellglobal.com
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NEW YORK, March 9, 2022 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today released a nearly 2-minute video summarizing its financial performance and strategic progress through full-year 2021. The reel is a dynamic complement to Stagwell’s earnings materials for the three and twelve months ended December 31, 2021, released on Tuesday, March 8, 2022. To view the video, click here. For the earnings release, click here.
“Why shouldn’t we give investor content the marketing treatment? Enter “Earnings: The Movie” – perhaps the easiest way to digest Stagwell’s breakout financial results for 2021 and the goals of the company as it charts growth in 2022,” said Mark Penn, Chairman and CEO, Stagwell. “If you have found earnings releases in general to be boring, we hope this video is a breath of a fresh air and a reminder that an investment in Stagwell is an investment in the future of marketing.”
Production on the video was completed in-network by Stagwell production unit Cahoots Studio, part of the Doner Partners Network. In addition to the video, management has prepared a one-page overview of the company’s Q4 and FY 2021 performance which can be downloaded here.
For questions about Stagwell’s financial performance, please reach out to ir@stagwellglobal.com. A recording of Stagwell’s earnings webcast on Tuesday, March 8, 2022, and other investor materials can be accessed on our site, www.stagwellglobal.com/investors.
About Stagwell Inc.
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 10,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
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Stagwell agency recognized for its content-centric campaigns, brand partnerships and premium brand entertainment
LOS ANGELES, March 9, 2022 /PRNewswire/ — Creative agency Observatory is named to Fast Company‘s list of the World’s Most Innovative Companies for 2022, making this the third year in a row that the Emmy-, Cannes Lions Grand Prix-, and Sundance award-winning agency has earned a spot on the prestigious list.
Fast Company’s 2022 list honors businesses that have evolved to meet the needs of their consumers in an ever-changing world. In 2020, 2021 and now 2022 Fast Company has ranked Observatory as one of the 10 most innovative companies globally in the advertising sector for “fulfilling the promise of branded content” and creating campaigns that attract and engage audiences, rather than interrupt them.
The Fast Company article stated: “The term ‘branded entertainment’ has been applied to everything from a 30-second commercial to a TikTok ad, but few agencies specialize in seamlessly blending brand goals with actual entertainment that people want to watch like Observatory.” Observatory joins the company of Wieden+Kennedy, TBWA/Chiat-Day and Droga5, who are among the few agencies that have made the list three times or more.
“Wow, a three-peat! What validation for ‘The New Upper Funnel’ – a model we’ve been committed to since we first reimagined CAA Marketing in 2006, then doubled-down on when we spun out of CAA to become Observatory in 2018,” said Jae Goodman, Founder and Chief Executive Officer of Observatory. “Our work to create content-centric campaigns, brand partnerships with culturally-resonant intellectual property, and premium brand entertainment was once complementary to traditional ad campaigns. Today that work is at the center for the world’s leading brands, many of whom we’re lucky to call Observatory clients.”
Observatory is in its third year of working alongside Nike to establish its premium entertainment studio Waffle Iron Entertainment and is currently working with Corona, Old Navy, a leading CPG company, and other brands, to build premium content studios of their own. In addition to multiple active projects in development and post-production, Waffle Iron Entertainment debuted The Day Sports Stood Still, which The Guardian named the documentary one of “eight of the most anticipated documentaries of 2021” and HBO’s first-ever distribution of a film funded in partnership with a brand.
In 2021 Observatory’s client base grew by 60 percent with key new business wins including Treasury Wine Estates’ entire 19 Crimes portfolio, Blue Bunny, a Fortune 200 financial services firm, a major American sports league and the entertainment division of one of the leading CPG companies. Old Navy, Chipotle, and Corona have also returned as clients.
Some of Observatory’s most notable work of 2021 focused on sustainability. A decade after Chipotle’s award-winning film featuring Willie Nelson covering Coldplay’s “The Scientist,” Observatory once again teamed up with Nexus Studios to craft a stop-motion animated tale of hope and optimism for the future of family farmers, this time with Kacey Musgraves reimagining another Coldplay classic, “Fix You.”
The two-minute, 20-second film was broadcast on TV on Thanksgiving Day in its own commercial pod — a first-ever — during the NFL’s Raiders versus Cowboys game on CBS. The film resonated with many, earning 11.1 million views on YouTube, 27.2 million views on TikTok and was the highest social engagement ever for any piece of Chipotle branded content or ad.
Fast Company‘s editors and writers sought out the most groundbreaking businesses across the globe and industries. They also judged nominations received through their application process.
The World’s Most Innovative Companies is Fast Company‘s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the economy’s most dynamic sectors.
“The world’s most innovative companies play an essential role in addressing the most pressing issues facing society, whether they’re fighting climate change by spurring decarbonization efforts, ameliorating the strain on supply chains, or helping us reconnect with one another over shared passions,” said Fast Company Deputy Editor David Lidsky.
For the second year in a row, to coincide with the issue launch, Fast Company will host its Most Innovative Companies Summit on April 26–27. The virtual, multiday summit celebrates the Most Innovative Companies in business, and provides an early look at major business trends and an inside look at what it takes to innovate in 2022. Fast Company‘s Most Innovative Companies issue (March/April 2022) is available online here, as well as in-app form via iTunes, and on newsstands beginning March 15. The hashtag is #FCMostInnovative.
ABOUT OBSERVATORY
Observatory is a 4x Emmy, 4x Cannes Lions Grand Prix, and Sundance-winning agency for the content era, building brands and driving business results through campaigns that attract and engage audiences rather than interrupt and annoy them. Honored as a Fast Company 2020, 2021, & 2022 World’s Most Innovative Company, Observatory is a global full-service creative ad agency with deep roots in entertainment. Starting in 2006 as CAA Marketing (a division of Creative Artists Agency), the agency became independent in late 2017 with backing from Stagwell Inc. Observatory does not publish its client list. A range of work is available at www.observatoryagency.com.
ABOUT FAST COMPANY
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
ABOUT STAGWELL INC.
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 10,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
For more information, contact:
Michelle McSorley
Sweat + Co
michelle@sweatandco.com
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Originally released on
FEATURING
Record first full-year financial results at Stagwell Inc. were fueled by fast growing digital transformation and digital marketing services, expansion of global media and large client wins
-
GAAP Revenue growth of 95.5% in 4Q and 65.5% for the Full-Year
-
Pro Forma Organic Net Revenue growth of 11.3% in 4Q and 14.5% for the Full-Year
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Ex-Advocacy Pro Forma Organic Net Revenue growth of 21.2% in 4Q and 18.0% for the Full-Year
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Net Income attributable to Stagwell of $0.8M in 4Q and Net Income of $21.0M for the Full-Year
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Pro Forma Adjusted EBITDA of $103.6M in 4Q and $378.0M for the Full-Year
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Issues 2022 Pro Forma Net Revenue growth guidance of 18%-22% and 13%-17% ex-Advocacy
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Issues 2022 Adjusted EBITDA guidance of $450M – $480M and Pro Forma Free Cash Flow growth of ~30%
New York, NY, March 8, 2022 (NASDAQ: STGW) – Stagwell Inc. (“Stagwell”) today announced financial results for the three and twelve months ended December 31, 2021.
REPORTED FOURTH QUARTER & YTD HIGHLIGHTS:
- Fourth quarter revenue of $611.9 million, an increase of 95.5% versus the prior year period; full-year revenue of $1,469.4 million, an increase of 65.5% versus a year ago.
- Fourth quarter net revenue of $519.7 million, an increase of 160.9% versus the prior period; full-year net revenue of $1,268.9 million, an increase of 100.4% versus a year ago.
- Fourth quarter net income attributable to Stagwell Inc. common shareholders of $0.8 million versus net income of $22.2 million in the prior year period; full-year net income of $21.0 million versus $56.4 million in the prior year period.
- Fourth quarter adjusted EBITDA of $103.6 million, an increase of 61.3% versus the prior year period; full-year adjusted EBITDA of $253.7 million an increase of 2% versus a year ago.
PRO FORMA FOURTH QUARTER & YTD STAGWELL INC. HIGHLIGHTS:
- Fourth quarter Pro Forma revenue of $611.9 million, a decline of 4.6% versus the prior year period and an increase of 18.0% ex-Advocacy; full-year Pro Forma revenue of $2,224.3 million, an increase of 6.6% and an increase of 18.2% ex-Advocacy versus the prior year period.
- Fourth quarter Pro Forma net revenue of $519.7 million, an increase of 10.4% and 20.2% ex-Advocacy vs. a year ago; full-year Pro Forma net revenue of $1,926.8 million, an increase of 16.4% and 20.0% ex-Advocacy versus the prior year period.
- Fourth quarter Pro Forma organic net revenue increased 11.3% and 21.2% ex-Advocacy versus a year ago; full-year Pro Forma organic net revenue increased 14.5% and 18.0% ex-Advocacy versus a year ago.
- Fourth quarter Pro Forma adjusted EBITDA was $103.6 million, a decrease of 5.1% versus the prior year period and an increase of 31.2% ex-Advocacy; full-year Pro Forma adjusted EBITDA was $378.0 million, an increase of 19.6% versus the prior year period and an increase of 41.4% ex-Advocacy.
- Fourth quarter Pro Forma adjusted EBITDA margin was 19.9% of net revenue and full-year adjusted EBITDA margin was 19.6% of net revenue.
- Net New Business wins totaled $75 million in the fourth quarter.
“2021 was a breakthrough year for Stagwell. Our full-year results and 2022 outlook are a clear affirmation of the combination and Stagwell’s unique position as the challenger that will transform marketing,” said Mark Penn, Chairman and Chief Executive Officer. “We delivered pro forma organic net revenue growth of 14.5% for the year and an even more impressive 18% organic growth when excluding our Advocacy businesses, which lapped the 2020 election cycle.”
“Our record year was driven by tailwinds across our high concentration of leading digital capabilities, including digital transformation, influencer and global performance marketing; as well as a rapid acceleration in large contract wins,” Penn continued. “Our robust 2022 outlook reflects our expectation for continued digital strength; continued acceleration in scaled, integrated contract wins; and significant growth in the second-half in our Advocacy businesses driven by an anticipated record year of spend during the 2022 U.S. mid-term elections.”
Frank Lanuto, Chief Financial Officer, commented: “The Company reported strong fourth quarter net revenue of $520 million, representing pro forma net revenue growth of 10.4% year-over-year with 11.3% organic growth. Strong operating performance led to pro forma adjusted EBITDA margins of 19.9% for the quarter. Effective cash flow management permitted our continued acquisitions of both minority interests in our fastest growing subsidiaries as well as the acquisition of Goodstuff in the UK while lowering our net leverage ratio from the prior quarter.”
Financial Outlook
2022 financial guidance is as follows:
- Pro Forma Net Revenue growth of 18% – 22%
- Pro Forma Net Revenue growth ex-Advocacy of 13% – 17%
- Adjusted EBITDA of $450 million – $480 million
- Pro Forma Free Cash Flow growth of approximately 30%
- Guidance assumes no impact from foreign exchange or acquisitions or dispositions.
* The Company has excluded a quantitative reconciliation with respect to the Company’s 2022 guidance under the “unreasonable efforts” exception in Item 10(e)(1)(i)(B) of Regulation S-K. See “Non-GAAP Financial Measures” below for additional information. |
Webcast
Management will host a video webcast on Tuesday, March 8, 2022, at 8:30 a.m. (ET) to discuss results for Stagwell Inc. for the three and twelve months ended December 31, 2021. The video webcast will be accessible at https://stagwellq4andfullyear2021earnings.open-exchange.net. An investor presentation has been posted on our website at www.stagwellglobal.com/investors and may be referred to during the conference call.
A recording of the conference call will be accessible one hour after the call and available for ninety days at www.stagwellglobal.com.
About Stagwell Inc.
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 10,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Basis of Presentation
The acquisition of MDC Partners (MDC) by Stagwell Marketing Group (SMG) was completed on August 2, 2021. The results of MDC are included within the Statement of Operations for the period beginning on the date of the acquisition through the end of the respective period presented and the results of SMG are included for the entire period presented.
Non-GAAP Financial Measures
In addition to its reported results, Stagwell Inc has included in this earnings release certain financial results that the Securities and Exchange Commission (SEC) defines as “non-GAAP Financial Measures.” Management believes that such non-GAAP financial measures, when read in conjunction with the Company’s reported results, can provide useful supplemental information for investors analyzing period to period comparisons of the Company’s results. Such non-GAAP financial measures include the following:
Pro Forma Results: The Pro Forma amounts presented for each period were prepared by combining the historical standalone statements of operations for each of legacy MDC and SMG. The unaudited pro forma results are provided for illustrative purposes only and do not purport to represent what the actual consolidated results of operations or consolidated financial condition would have been had the combination actually occurred on the date indicated, nor do they purport to project the future consolidated results of operations or consolidated financial condition for any future period or as of any future date. The Company has excluded a quantitative reconciliation of adjusted Pro Forma EBITDA to net income under the “unreasonable efforts” exception in Item 10(e)(1)(i)(B) of Regulation S-K.
(1) Organic Revenue: “Organic revenue growth” and “organic revenue decline” refer to the positive or negative results, respectively, of subtracting both the foreign exchange and acquisition (disposition) components from total revenue growth. The acquisition (disposition) component is calculated by aggregating prior period revenue for any acquired businesses, less the prior period revenue of any businesses that were disposed of during the current period. The organic revenue growth (decline) component reflects the constant currency impact of (a) the change in revenue of the partner firms that the Company has held throughout each of the comparable periods presented, and (b) “non-GAAP acquisitions (dispositions), net”. Non-GAAP acquisitions (dispositions), net consists of (i) for acquisitions during the current year, the revenue effect from such acquisition as if the acquisition had been owned during the equivalent period in the prior year and (ii) for acquisitions during the previous year, the revenue effect from such acquisitions as if they had been owned during that entire year (or same period as the current reportable period), taking into account their respective pre-acquisition revenues for the applicable periods, and (iii) for dispositions, the revenue effect from such disposition as if they had been disposed of during the equivalent period in the prior year.
(2) Net New Business: Estimate of annualized revenue for new wins less annualized revenue for losses incurred in the period.
(3) Adjusted EBITDA: defined as Net income excluding non-operating income or expense to achieve operating income, plus depreciation and amortization, stock-based compensation, deferred acquisition consideration adjustments, and other items. Other items include restructuring costs, acquisition-related expenses, and non-recurring items.
(4) Free Cash Flow: defined as Adjusted EBITDA less capital expenditures, change in net working capital, cash taxes, interest, and distributions to minority interests, but excludes contingent M&A payments.
(5) Financial Guidance: The Company provides guidance on a non-GAAP basis as it cannot predict certain elements which are included in reported GAAP results.
Included in this earnings release are tables reconciling reported Stagwell Inc. results to arrive at certain of these non-GAAP financial measures.
This press release contains forward-looking statements. Statements in this press release that are not historical facts, including without limitation the information under the heading “Financial Outlook” and statements about the Company’s beliefs and expectations, earnings (loss) guidance, recent business and economic trends, potential acquisitions, and estimates of amounts for redeemable noncontrolling interests and deferred acquisition consideration, constitute forward-looking statements. Words such as “estimates”, “expects”, “contemplates”, “will”, “anticipates”, “projects”, “plans”, “intends”, “believes”, “forecasts”, “may”, “should”, and variations of such words or similar expressions are intended to identify forward-looking statements. These statements are based on current plans, estimates and projections, and are subject to change based on a number of factors, including those outlined in this section. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of them in light of new information or future events, if any.
Some of the factors that could materially and adversely affect our business, financial condition, results of operations and cash flows include, but are not limited to, the following:
- risks associated with international, national and regional unfavorable economic conditions that could affect the Company or its clients, including as a result of the novel coronavirus pandemic (“COVID-19”);
- the effects of the outbreak of COVID-19, including the measures to reduce its spread, and the impact on the economy and demand for our services, which may precipitate or exacerbate other risks and uncertainties;
- an inability to realize expected benefits of the combination of the Company’s business with the business of MDC (the “Business Combination” and, together with the related transactions, the “Transactions”);
- adverse tax consequences in connection with the Transactions for the Company, its operations and its shareholders, that may differ from the expectations of the Company, including that future changes in tax law, potential increases to corporate tax rates in the United States and disagreements with the tax authorities on the Company’s determination of value and computations of its attributes may result in increased tax costs;
- the occurrence of material Canadian federal income tax (including material “emigration tax”) as a result of the Transactions;
- direct or indirect costs associated with the Transactions, which could be greater than expected;
- risks associated with severe effects of international, national and regional economic conditions;
- the Company’s ability to attract new clients and retain existing clients;
- reduction in client spending and changes in client advertising, marketing and corporate communications requirements;
- financial failure of the Company’s clients;
- the Company’s ability to retain and attract key employees;
- the Company’s ability to achieve the full amount of its stated cost saving initiatives;
- the Company’s implementation of strategic initiatives;
- the Company’s ability to remain in compliance with its debt agreements and the Company’s ability to finance its contingent payment obligations when due and payable, including but not limited to those relating to redeemable noncontrolling interests and deferred acquisition consideration;
- the successful completion and integration of acquisitions which complement and expand the Company’s business capabilities; and
- foreign currency fluctuations.
Investors should carefully consider these risk factors, other risk factors described herein, and the additional risk factors outlined in more detail in Exhibit 99.2 to our Current Report on Form 8-K, filed with the Securities and Exchange Commission (the “SEC”) on August 10, 2021, and accessible on the SEC’s website at www.sec.gov., under the caption “Risk Factors,” and in the Company’s other SEC filings.
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NEW YORK, March 3, 2022 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced Chairman and CEO Mark Penn will attend the upcoming Deutsche Bank 30th Annual Media, Internet, & Telecom Conference in Palm Beach, Florida on March 15, 2022. Management will also host several 1X1 sessions with investors at the conference. To coordinate a meeting, please contact Michaela Pewarski, VP, Investor Relations at ir@stagwellglobal.com.
Stagwell’s Q4 and full-year 2021 earnings webcast will take place the week prior to the conference on Tuesday, March 8 at 8:30 AM ET. Visit this link to register and access the webcast.
To learn more about Stagwell, visit https://www.stagwellglobal.com/investors/
About Stagwell
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 10,000+ specialists in 20+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Contact:
Michaela Pewarski
ir@stagwellglobal.com
646-429-1812
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McElligott promoted from Interim General Counsel to senior leadership role amid expanded central legal services push
NEW YORK, NEW YORK – FEBRUARY 28, 2022 – Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced the appointment of Peter McElligott as General Counsel, effective immediately. McElligott has served as Interim General Counsel at Stagwell since the launch of the global marketing network in August 2021.
McElligott will lead an expanded legal department at Stagwell driving the company’s regulatory, governance, enterprise and MSA work, while bolstering Stagwell’s central legal services to add value for partners across Stagwell’s global network. Edmund Graff and Richard Wulwick fill out the team as Deputy General Counsel.
“Peter and I first met while he was part of the corporate strategy team I led at Microsoft. I appreciated his counsel then and his stewardship through the Stagwell combination in 2021, and I’m excited to continue to work with him in this elevated role,” said Mark Penn, Chairman and CEO, Stagwell.
Prior to joining Stagwell in 2021, Peter led legal departments at two fast growing technology companies operating in highly regulated industries, RapidSOS and Spruce Holding Inc. Peter provided strategic legal advice to senior management and the boards of directors, as well as providing counsel on financings, litigation strategy, regulatory compliance, corporate development, M&A and a variety of business issues. Prior to that, Peter was in private practice at a Washington, D.C. law firm, was an integral member of the corporate strategy team at Microsoft, and was senior legal counsel at Citrix Systems Inc. Peter began his legal career as a clerk for the honorable James B. Loken on the Eighth Circuit Court of Appeals.
Peter is a graduate of Yale Law School, where he was an editor of the Yale Law & Policy Review, and the University of Iowa.
About Stagwell
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 10,000+ specialists in 20+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Contact:
Beth Sidhu
202-423-4414
beth.sidhu@stagwellglobal.com
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Originally released on

Minneapolis, Minnesota – February 28, 2022 – Minneapolis-based creative agency MONO today announced the addition of five newly created leadership roles as the agency accelerates growth amid new business wins and assignments, including Molson Coors, HelpSystems, and RHYTHM Cannabis.
Four of the five include promotions from within the agency:
- Katie Riddle to Executive Creative Director to manage, lead and drive creative excellence for MONO’s existing and prospective clients. Riddle formerly served as Group Creative Director.
- Julie Vessel to Chief Operations Officer, to drive and streamline MONO’s global operations. Vessel was formerly Chief Talent Officer
- Melissa Mathei to Director of Account Management, to lead the account management team and deepen relationships with MONO’s existing clients, formerly Group Account Director
- Kathleen Flanders to Director of Client Operations to lead client operations and project management discipline, formerly Group Project Leader
In addition, MONO has hired Suzy Langdell to Director of Business Development, from Fallon Group, to accelerate the agency’s new business acquisition efforts.
This bolstered leadership team aligns with MONO’s mandate to simplify and empower, enhancing MONO’s capabilities while expanding client services to support additional growth and continued momentum. In recent months, MONO has added new clients domestically and expanded its remit for long-term partners in the retail and adult beverage industries.
“This is about securing the future of MONO. As we look at our ambitions for 2022 and beyond, we see an opportunity to empower more leaders to fuel best-in-class capabilities, inspire our teams and clear the way for great work to happen,” said Founding Partner Jim Scott.
“As we celebrate strong growth and look for ways to expand our offering, we recognize the need to have an Executive Creative Director and expanded slate of senior leaders who are 100% focused on driving and inspiring great work for our clients every day, while we help grow and evolve the agency,” added Founder & CCO Chris Lange.
MONO is part of Stagwell, the challenger network built to transform marketing. MONO sits within The Alliance, an integrated collective of digital, creative, public relations marketing agencies that collaborate on new business opportunities and client work to drive greater integrated value. The Alliance includes Anomaly, digital innovation shop YML, consumer communications group HUNTER, and healthcare firm Concentric Health Experiences.
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About MONO
MONO is an award-winning creative agency for brands in search of ideas that will disrupt the market and define them in the long-term. MONO was founded with a belief that “Simple Always Wins” and an obsession to attack complexity in order to create simple, captivating ideas that move people and move business. MONO works with Valspar and HGTV/SW paints, Thomas’ English Muffins, LifeSpace, Old Dominion, Peroni and Leinenkugel’s. For more information, visit: www.mono-1.com.
About Stagwell
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 10,000+ specialists in 20+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Contact: Beth Sidhu
beth.sidhu@stagwellglobal.com
202-423-4414
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