United States securities and exchange commission logo




                                                                                
                             December 19, 2023

       Frank Lanuto
       Chief Financial Officer
       Stagwell Inc.
       One World Trade Center, Floor 65
       New York, NY 10007

                                                        Re: Stagwell Inc.
                                                            Form 10-K for 
Fiscal Year Ended December 31, 2022
                                                            File No. 001-13718

       Dear Frank Lanuto:

              We have limited our review of your filing to the financial 
statements and related
       disclosures and have the following comments.

              Please respond to this letter within ten business days by 
providing the requested
       information or advise us as soon as possible when you will respond. If 
you do not believe a
       comment applies to your facts and circumstances, please tell us why in 
your response.

                                                        After reviewing your 
response to this letter, we may have additional comments.

       Form 10-K for Fiscal Year Ended December 31, 2022

       Item 7. Management's Discussion and Analysis of Financial Condition and 
Results of Operations
       Results of Operations
       Year Ended December 31, 2022 Compared to Year Ended December 31, 2021
       Consolidated Results of Operations
       Net Revenue, page 47

   1.                                                   Please clarify for us 
in further detail what the Net Acquisitions (Divestitures) and
                                                        the organic revenue 
growth/decline change components represent and how they are
                                                        calculated. If helpful, 
please provide a numerical example of the calculations.
       Notes to Consolidated Financial Statements
       20. Segment Information, page 113

   2.                                                   Given you generated 
approximately 17.5% of your total revenues outside of the United
                                                        States in 2022 and 
maintain office space in Africa, Europe, Asia, South America, and
                                                        Australia, please tell 
us your consideration of providing long-lived assets geographic
 Frank Lanuto
Stagwell Inc.
December 19, 2023
Page 2
         information in accordance with ASC 280-10-50-41, or revise. If 
providing this disclosure
         is impracticable (which is expected to be rare), please tell us the 
specific aspects of
         providing this disclosure that are impracticable and explain in detail 
why each aspect is
         impracticable. If your impracticability assertion for one or more 
specific aspects surrounds
         excessive cost, please also demonstrate how you determined the cost 
would be excessive.
       In closing, we remind you that the company and its management are 
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, 
comments, action or
absence of action by the staff.

       Please contact Aamira Chaudhry at 202-551-3389 or Stephen Kim at 
202-551-3291 with
any questions.



FirstName LastNameFrank Lanuto                                 Sincerely,
Comapany NameStagwell Inc.
                                                               Division of 
Corporation Finance
December 19, 2023 Page 2                                       Office of Trade 
& Services
FirstName LastName