Transforming Marketing
GAAP CONSOLIDATED OPERATING PERFORMANCE
$ and Shares in Thousands
Revenue
Cost of services
Office & general expenses
Depreciation & amortization
Impairment & other losses
Total operating expenses
Operating income (Loss)
Interest expense, net
Foreign exchange, net
Other, net
Other income (expenses)
Income tax expense (benefit)
Income (loss) before equity in earnings of non-consolidated affiliates
Equity in income (loss) of non-consolidated affiliates
Net income (loss)
Three Months Ended December 31,
2022
2021
$ 708,185
$ 611,927
419,811
172,415
348,000
197,318
35,631
31,381
94,145
Twelve Months Ended December 31,
2022
2021
$ 2,687,792
$1,469,363
1,673,576
601,536
906,856
424,038
131,273
77,503
1,314
122,179
16,240
$ 2,528,564
$1,424,637
$ 159,228
$ 722,002
$ (13,817)
(19,510)
1,557
(7,241)
$ (25,194)
(12,570)
$ (26,441)
(1,132)
$ (27,573)
21,095
$ 578,013
$ 33,914
(16,697)
(1,377)
3.252
$ (14,822)
14,193
$ 4,899
(165)
$ 4,734
(3,897)
$ 837
(76,062)
(2,606)
(7,059)
$ (85,727)
7,580
$ 65,921
(79)
$ 65,842
(38,573)
$27,269
$44,726
(31,894)
(3,332)
50,058
$ 14,832
23,398
$36,160
(240)
$ 35,920
(14,884)
$ 21,036
Net income (loss) attributable to non-controlling & redeemable non-controlling interests
Net income (loss) attributable to Stagwell Inc. common shareholders
$ (6,478)
Earnings Per Share
Basic
Diluted
Weighted Average Number of Shares Outstanding
Basic
Diluted
STAGWELL
TRANSFORMING MARKETING
$(0.05)
$(0.05)
$ 0.01
$ 0.22
$ 0.01
$ 0.17
122,927
122,927
99,615
104,066
124,262
296,596
$(0.04)
$ (0.04)
90,426
90,426
Note: Conversion of Class C shares currently results in an anti-dilutive effect. Therefore, GAAP requires Diluted earnings per share and share count to exclude the conversion of Class C shares. Numbers may not
foot due to rounding.
18View entire presentation