Stagwell

Stagwell, Inc. operates as media and public relations agency. It delivers brands that connect culture-moving creativity with technology to harmonize the art and science of marketing. It operates through the following segments: Integrated Agencies Network, Media Network, Communications Network, All Other, and Corporate. The Integrated Agencies Network segment engages in the organization of go-to-market and collaboration incentive purposes to facilitate integrated and flexible offerings for clients. The Media Network segment consists of a specialist network branded as Stagwell Media Network. The Communications Network segment focuses on a specialist network that provides advocacy, strategic corporate communications, investor relations, public relations, online fundraising and other services to both corporations and political and advocacy organizations and consists of Allison & Partners SKDK (including Sloane & Company), and Targeted Victory Agencies. The All Other segment consists of Stagwell Marketing Cloud products such as PRophet. The Corporate segment includes corporate office expenses. The company was founded in 2015 and is headquartered in New York, NY.

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Stagwell reports record revenue and strategic investments driving future growth

Stagwell's strong financial performance, strategic investments, and focus on technology underscore its growth trajectory and competitive edge in the marketing sector. With a clear roadmap for future growth, the company aims to exceed long-term growth targets and enhance shareholder value through prudent financial management.

Stagwell meets Q1 expectations, eyes growth amid sector challenges

Stagwell's Q1 performance was solid, meeting revenue expectations and exceeding EBITDA targets through strategic acquisitions and cost-saving measures.
The company's strengths lie in its innovative investments, market recognition, and client wins, positioning it for future growth and competitive advantage.
While facing challenges in sector-specific revenue declines and balancing growth with efficiency, Stagwell has opportunities to leverage client wins, technology investments, and strategic guidance for sustained success.

Stagwell reports resilient Q2 performance, eyes international growth opportunities

Stagwell's Q2 2023 performance showcased resilience and efficiency improvements despite a slight decline in net revenue, with a strong focus on cost optimization and growth strategies.
The company's international and new business segments exhibited promising growth, while cost-saving measures and synergies are enhancing overall financial health.
Challenges persist in revenue growth and market competition, necessitating continued strategic planning and adaptability to seize emerging opportunities.
Stagwell's outlook for the year remains positive, with a clear roadmap to achieve key financial targets and drive sustainable value creation for stakeholders.

Stagwell reports resilient Q3 performance amidst challenges, eyes digital growth

Stagwell's Q3 performance reflects resilience amid industry challenges, with a strong focus on revenue growth and cost efficiencies.
Strategic initiatives, confidence in digital transformation, and proactive portfolio management underscore a forward-looking approach to value creation.
While challenges persist, Stagwell's emphasis on innovation, growth opportunities, and financial discipline sets a positive trajectory for future success.

Stagwell reports robust Q4 earnings, projects growth and cost focus

Stagwell's Q4 2023 earnings call showcased strong financial performance, strategic moves, and cost management efforts. The company's focus on new business wins, partnerships, and technology development contributed to its success. Despite challenges, Stagwell remains optimistic about its growth prospects and outlined key initiatives for 2024.

Stagwell reports robust Q1 growth, eyes international expansion and digital

Stagwell's Q1 performance reflects strong revenue growth, margin improvement, and record net new business figures.
Strategic acquisitions and investments in digital capabilities position the company for international expansion and competitive advantage.
While facing challenges such as market uncertainties and debt reduction goals, Stagwell remains confident in achieving its full-year targets.
Opportunities lie in leveraging digital transformation, expanding international presence, and optimizing operational efficiencies for sustained growth.

Stagwell reports robust Q2 earnings, eyes growth in digital marketing

Stagwell's Q2 2024 earnings call showcased strong financial performance, strategic investments in technology and growth initiatives, and reaffirmed guidance for the full year. The company's emphasis on new business wins, digital transformation, and global expansion positions it for continued success.

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NEW YORK , Nov. 30, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced management will present at two upcoming investor conferences in December 2023: J.P. Morgan Advertising Holding Company Consecutive Executive Day: Stagwell Chairman and CEO Mark Penn will join a fireside chat on Dec. 11, 2023, at 10:00 AM ET in New York City.

Stagwell (STGW) to Present at J.P. Morgan, Seaport Investor Conferences in December 2023

Stagwell Inc. reported Q3 2023 financial results below expectations, raising concerns about revenue growth. The global digital marketing market is projected to reach nearly $1.1 trillion by 2032, driven by increasing digital content consumption and precise campaign measurement. Stagwell's stock price has fallen 32.52% in the past 12 months, and the company has a moderate financial position with significant long-term debt.

Stagwell Makes Changes As Tech Spending Begins To Return

NEW YORK , Nov. 9, 2023 /PRNewswire/ --  Stagwell  (NASDAQ: STGW), the challenger network built to transform marketing, today announced a unique partnership with Google Cloud and SADA, a Google Cloud Premier Partner, to develop generative AI (gen AI) marketing solutions that support Stagwell agencies, client partners, and product development within the Stagwell Marketing Cloud (SMC). Through this collaboration, SMC will build AI-based tools for modern marketers and receive development support from Google Cloud as a strategic cloud and AI provider.

Stagwell (STGW) Partners with Google Cloud and SADA to Develop Marketing-Focused Generative AI Solutions

Stagwell Inc. (NASDAQ:STGW ) Q3 2023 Results Earnings Conference Call November 6, 2023 8:30 AM ET Company Participants Ben Allanson - Director, Investor Relations Mark Penn - Chairman and Chief Executive Officer Frank Lanuto - Chief Financial Officer Conference Call Participants Ben Allanson Good morning from Stagwell's offices in Miami, Florida. And welcome to Stagwell Inc's Earnings Webcast for Q3 2023.

Stagwell Inc. (STGW) Q3 2023 Earnings Call Transcript

Stagwell Sees Strong Growth in Stagwell Marketing Cloud Group and Performance Media Capabilities; International Revenue Growth of 24% in Q3 Posted $81 million of net new business in Q3; LTM net new business exceeds $250 million Completed sale of non-core ConcentricLife for $245 million Revenue of $618 million; Net revenue of $535 million Net Income of $3 million; Adjusted EBITDA of $102 million Expects 2023 Adjusted EBITDA of $390 to $410 Million  NEW YORK , Nov. 2, 2023 /PRNewswire/ -- (NASDAQ: STGW) -- Stagwell Inc. ("Stagwell") today announced financial results for the three and nine months ended September 30, 2023. THIRD QUARTER AND NINE MONTHS HIGHLIGHTS: Q3 revenue of $618 million, a decrease of 7% versus the prior year period; YTD revenue of $1,872 million, a decrease of 5% versus the prior year period Q3 net revenue of $535 million, a decrease of 4% versus the prior period; YTD net revenue of $1,596 million, a decrease of 3% versus the prior year period Q3 organic net revenue declined 7% versus the prior year period and 5% ex-Advocacy; YTD organic net revenue declined 6% versus the prior year period and 4% ex-Advocacy Q3 net revenue from international increased 25%, led by increases of 30% in EMEA, 18% in LATAM and 12% in APAC Q3 revenue from the Stagwell Marketing Cloud Group capability increased 7%, and net revenue increased 20% Q3 revenue from the Performance Media & Data capability increased 8%, and net revenue increased 11% Q3 net income of $3 million versus net income of $35 million in the prior year period; YTD net loss of $12 million versus net income of $93 million in the prior year period Q3 net income attributable to Stagwell Inc. common shareholders of $653 thousand versus net income of $11 million in the prior year period; YTD net loss attributable to Stagwell Inc. common shareholders of $4 million versus net income of $34 million in the prior year period Q3 Adjusted EBITDA of $102 million, a decrease of 12% versus the prior year period; YTD Adjusted EBITDA of $265 million, a decrease of 19% versus the prior year period Q3 Adjusted EBITDA Margin of 19% on net revenue, an increase of 210 basis points sequentially; YTD Adjusted EBITDA Margin of 17% on net revenue Q3 earnings per share attributable to Stagwell Inc. common shareholders of $0.003 Q3 Adjusted earnings per share attributable to Stagwell Inc. common shareholders of $0.18; YTD Adjusted earnings per share of $0.45 Q3 net new business of $81 million; YTD net new business of $209 million "Stagwell achieved over $100 million of EBITDA in Q3 and is on course to return to growth over the next two quarters as new business continues to flow in and the tech industry pauses and auto and entertainment strikes which have impacted this sector are ebbing," said Mark Penn, Chairman and CEO, Stagwell.

STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2023

Social-First Agency Driving Brand Awareness and Equity with Gen Z and Millennials Joins Constellation Network NEW YORK , Nov. 2, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, has acquired Movers+Shakers, the award-winning disruptive creative agency connecting brands to culture. The agency will join Stagwell's Constellation network of agencies, which includes 72andSunny, Instrument, The Harris Poll, and others.

Stagwell's (STGW) Acquisition Momentum Continues with Addition of Fast-Growing Creative Agency, Movers+Shakers

The agency will work closely with the Stagwell Brazil team with a focus on digital marketing and performance SÃO PAULO, Nov. 1, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, and Clarita, an integrated communications agency, are partnering to offer new solutions and scalability to their clients. Clarita, founded in 2018 by Pedro Cavalcanti – who has worked in creative areas at agencies such as AlmapBBDO and Africa – currently has clients such as Harald and JHSF in its portfolio.

Stagwell (STGW) Expands Footprint in Brazil with Addition of Clarita to Global Affiliate Network

Accenture Plc

NEW YORK , Nov. 1, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced it has completed the sale of healthcare and wellness marketing agency ConcentricLife to Accenture Song, the tech-powered creative group of Accenture (NYSE: ACN), for $245 million in cash. Proceeds from the transaction, first announced on October 25, 2023 , will be reinvested towards Stagwell's core strategic initiatives.

Stagwell (STGW) Completes Divestment of ConcentricLife to Accenture for $245 Million

2023 Marks Inaugural Barbara Way Hunter Trailblazer Award, Sponsored by HUNTER NEW YORK , Nov. 1, 2023 /PRNewswire/ -- The New York Chapter of the Public Relations Society of America (PRSA-NY) will honor Carol Cone, founder of Carol Cone ON PURPOSE (CCOP), as the first-ever recipient of the first Barbara Way Hunter Trailblazer Award, sponsored by HUNTER, at the 2023 Big Apple Awards gala at TAO Downtown in New York City on November 15. The Barbara Way Hunter Trailblazer Award recognizes the impact of female leadership and the individuals who have broken down barriers, earned the trust and respect of their clients, staff and peers, and helped pave the way for future generations of women to excel in their careers in the communications industry.

PRSA-NY to Honor Carol Cone with Barbara Way Hunter Trailblazer Award at 2023 Big Apple Awards November 15 at TAO Downtown, NYC

The agency is unloading its ConcentricLife unit. It is being sold for $245 million in cash.

Why Stagwell Stock Zoomed Nearly 20% Higher on Hump Day

NEW YORK , Oct. 25, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced it has reached an agreement to sell its integrated healthcare marketing agency and pharmaceutical commercialization platform ConcentricLife to Accenture Song, the tech-powered creative group of Accenture (NYSE: ACN), for $245 million in cash. "This disposition is consistent with our strategy of organizing our portfolio to focus on core digital services, including AI-based digital transformation; strengthening our balance sheet; and investing in our future," said Mark Penn, Chairman and CEO Stagwell.

STAGWELL (STGW) TO SELL CONCENTRICLIFE, INTEGRATED HEALTHCARE MARKETING AGENCY, TO ACCENTURE

NEW YORK and ORLANDO, Fla. , Oct. 23, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced Chairman and CEO  Mark Penn  will be a featured speaker at the 2023 Association of National Advertisers (ANA) Masters of Marketing Conference, where he will present on: Microtrends: Hidden Forces Shaping the Consumer of Tomorrow The future is not shaped by society's broad forces, but by quiet changes within narrow slices of the population.

Stagwell (STGW) Chairman and CEO Mark Penn to Present at 2023 ANA Masters of Marketing Conference

48% OF 18–24-YEAR-OLDS SIDE MORE WITH HAMAS; WAR VIEWS DEFINED BY GENERATIONS, NOT PARTY BIDEN APPROVAL RISES ON ISRAEL RESPONSE NEW YORK and CAMBRIDGE, Mass. , Oct. 20, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW) today released the results of the October Harvard CAPS / Harris poll, a monthly collaboration between the Center for American Political Studies at Harvard (CAPS) and the Harris Poll and HarrisX.

OCTOBER HARVARD CAPS / HARRIS POLL: STRONG MAJORITIES OF AMERICANS SUPPORT ISRAEL AGAINST HAMAS AND U.S. POLICY ON ISRAEL

NEW YORK , Oct. 19, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, congratulates Vice Chair Ray Day, APR, who was elected chair of the Public Relations Society of America (PRSA) for 2025. A longtime communications professional, Ray joined Stagwell in 2020 after serving as chief communications officer at the Ford Motor Company and IBM.

Stagwell Celebrates Appointment of Ray Day, Vice Chair and Communications Veteran, as 2025 PRSA Chair

Former Y&R Global Chairman and CEO to Drive Client Value and Provide Mentorship NEW YORK , Oct. 16, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced the appointment of David Sable as Vice Chair, effective immediately. In this role, David will drive new solutions for clients, leverage his diverse network of contacts, and work with existing clients to boost value by expanding the depth and range of services they utilize across Stagwell to help them maximize business outcomes.

David Sable Joins Stagwell (STGW) as Vice Chair

NASHVILLE, Tenn.--(BUSINESS WIRE)-- #PRSAICON2023--PRSA today announced the newly elected members of its 2024 Board of Directors. The delegates of the 2023 Leadership Assembly elected Ray Day, APR, as Chair-elect and eight members to serve in officer and director positions beginning January 1, 2024. “Ray brings to PRSA an extensive background in communications and business and experience working with multinational organizations,” said Michelle Olson, APR, 2023 Nominating Committee Chair. “He will be a great in.

Ray Day, APR, Vice Chair of Stagwell, Elected 2025 PRSA Chair

NEW YORK , Oct. 13, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced management will participate in four upcoming investor conferences throughout November 2023: RBC TIMT Conference (November 14, 2023): Management will attend and host 1x1 meetings with investors. Stephens Annual Investment Conference (November 15, 2023): Jason Reid, chief investment officer, will host 1x1 meetings with investors.

Stagwell (STGW) Announces Four Investor Conferences in November

PRophet is the first to build and market a full suite of AI-driven tools that now span earned media, influencer marketing and news monitoring offerings. PRophet also partners with EZ Newswire to bring affordable news distribution to trial and PRO customers.

PRophet Expands Platform Capabilities, Unveiling New AI-Driven Influencer Marketing and News Monitoring Tools

Left Field Labs Joins Constellation Network, Brings New Bench of 'Human-Centric' AI Solutions    NEW YORK , Oct. 12, 2023 /PRNewswire/ -- Stagwell  (NASDAQ: STGW), the challenger network built to transform marketing, has acquired Left Field Labs  (Left Field), a digital agency inventing at the intersection of technology and human-centric design. Left Field has spent over 15 years building a comprehensive digital offering and joins Stagwell's Constellation Network  to help guide clients in designing and implementing responsibly designed AI systems, digital transformation initiatives, and immersive consumer experiences.

Stagwell (STGW) Acquires Left Field Labs, Deepening Technology Capabilities in AI, Digital Transformation and Immersive Experiences

The Rebrand of Harris Brand Platform Comes as it Gains its 150th Client, Now Operating in Over a Dozen Countries NEW YORK , Oct. 12, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW) Marketing Cloud today announced that The Harris Poll and Maru are working together to create a suite of integrated, AI-based research products that will go to market under the newly formed "Harris Quest." The new unified brand will deliver a full suite of martech research offerings, inclusive of AI-enabled self-service polling and other "instant information" SaaS solutions.

STAGWELL (STGW) MARKETING CLOUD LAUNCHES HARRIS QUEST, AI-POWERED REAL-TIME RESEARCH SOFTWARE SUITE POWERED BY THE HARRIS POLL AND MARU

NEW YORK , Oct. 11, 2023 /PRNewswire/ -- Levi & Korsinsky announces that it has commenced an investigation of Stagwell Inc. (NASDAQ: STGW) concerning possible breaches of fiduciary duty. To obtain additional information, go to: https://zlk.com/compensation2/stagwell-inc-information-request-form or contact Joseph E.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Stagwell Inc. (NASDAQ: STGW)

LONDON , Oct. 11, 2023 /PRNewswire/ -- Global media agency Assembly announced today the appointment of Dan Roberts as Head of Search & E-Commerce in Europe. As the Head of Search and E-Commerce, Roberts will drive the European agency's digital marketing initiatives, elevating brands to new heights in the digital landscape.

STAGWELL'S (STGW) ASSEMBLY EUROPE APPOINTS DAN ROBERTS HEAD OF SEARCH & E-COMMERCE

Findings reveal people living with hemophilia secretly carry the emotional burdens of the disease and report mental health challenges including anxiety and depression. Data also uncovers a troubling disconnect between the desire of those living with hemophilia to direct the course of their treatment, with lack of inclusion from their providers in that process.

Stagwell's (STGW) The Harris Poll Unveils First-of-its-kind Global Hemophilia Survey on the Daily Challenges for Patients, Caregivers, and Providers

Stagwell (STGW) agency recognized as the hottest midsized shop in the country First time a national award has been won by a Minneapolis agency in 27 years MINNEAPOLIS , Oct. 10, 2023 /PRNewswire/ -- Minneapolis-based creative agency Colle McVoy  (part of the Stagwell (NASDAQ: STGW) network) announced it has won the prestigious Midsize Agency of the Year award from Adweek, the American trade publication covering the advertising, marketing and media industries. The honor recognizes advertising agencies setting the standard for where the industry is heading in 2024.

Colle McVoy Named Adweek's 2023 Agency of the Year

An analyst at Craig-Hallum initiated coverage on Stagwell today with a buy rating and $8 price target. Multiple analyst firms have argued the marketing and communication-services company is well positioned to continue taking market share with its digital-first approach.

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