Stagwell Inc. reported a 10% increase in Q2 Net Revenue excluding Advocacy, reaching $560 million compared to the prior year period. The Year-to-Date (YTD) Net Revenue stands at $1.095 billion, also reflecting a 10% rise from the previous year. The company recorded a Q2 Net Loss attributable to Stagwell Inc. Common Shareholders of $5 million, compared to a $3 million loss in the same period last year. The YTD Net Loss is $8 million versus $4 million the previous year. The company reported a Q2 Adjusted EBITDA of $93 million, marking an 8% increase year-over-year, while the YTD Adjusted EBITDA saw a slight decrease of 2% to $173 million. The Q2 Adjusted EBITDA Margin was 16% on net revenue, with a YTD margin of 15%. Additionally, Stagwell noted net new business of $117 million in the second quarter, contributing to a last twelve-month net new business total of $451 million. Mark Penn, Chairman and CEO, highlighted the company's growth momentum, particularly noting strong performance in Digital Transformation businesses and a 26% growth among key metrics.
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