Stagwell (STGW) releases second installation of News Advertising Study, this time fielded among more than 20,000 British adults 76% of the British population follows the news closely or very closely, including 25% who check the news an average of four times per day, revealing massive opportunity for advertisers LONDON, Sept. 26, 2024 /PRNewswire/ -- New research from Stagwell (NASDAQ: STGW) reveals a significant opportunity for brands to reach a valuable yet often overlooked audience: dedicated news followe ...

As Titanium Sponsor, PRophet to Showcase the Future of AI in PR and Communications with Expert Sessions and In-Depth Demos NEW YORK and ANAHIEM, Calif., Sept. 19, 2024 /PRNewswire/ -- Stagwell Marketing Cloud's (STGW) PRophet, award-winning suite of essential, AI-powered Comms Tech tools purpose-built to empower communicators that span earned media, influencer engagement and brand monitoring offerings, today announced its presence and deep dive sessions on leveraging AI for modern communications and marketi ...

Summit to Convene Prominent U.K. Journalists and Industry Leaders, including Kamal Ahmed, Joanna Gosling, Sam McAlister and more Stagwell to Unveil a New U.K. Version of the News Advertising Study, Highlight the Power of the News Audience and Debunk Common Brand Safety Misconceptions LONDON, Sept. 18, 2024 /PRNewswire/ -- Stagwell (NASDAQ: STGW) today announced the speakers for its London Future of News summit coming up on September 26, 2024, at Stagwell's EMEA headquarters in London's Blue Fin Building. Du ...

Core Insights - Stagwell has appointed Sunil John as Senior Advisor for its forthcoming MENA office, aiming to enhance growth and collaboration in the region [1][5] - John's extensive experience in the MENA region, including founding ASDA'A BCW and launching various initiatives, positions him to drive Stagwell's strategic goals [3][5] - Stagwell is focused on expanding its presence in the MENA market, which is seen as a key growth area, with plans to double revenue beyond North America by 2025 [7] Company Strategy - The establishment of the MENA office is part of Stagwell's strategy to deepen its market presence and support clients in regional and global expansion [1][5] - Stagwell's recent acquisition of Consulum, a government advisory firm, aligns with its goal to enhance strategic communications and public policy expertise in the MENA region [5][6] - The company has a diverse portfolio in MENA, including agencies like Assembly and Forsman and Bodenfors, and aims to serve various industries such as retail, automotive, and tech [6] Leadership and Expertise - Sunil John, recognized as the Best PR Professional in the Middle East, brings over 30 years of experience and a strong regional network to Stagwell [3][5] - His role will involve developing new client solutions and leveraging his expertise in digital transformation and technology [5][6] - John's influence as an Advisory Board Member of the Dubai International Chamber reinforces his capability to enhance Stagwell's strategic positioning in the region [4]

Management to appear at events hosted by Citi, Benchmark, Goldman Sachs, B. Riley and Deutsche Bank NEW YORK, Aug. 22, 2024 /PRNewswire/ -- Stagwell Inc. (NASDAQ: STGW), the challenger network built to transform marketing, today announced its participation in several investor conferences throughout September 2024. September 4: Citi 2024 Global Technology Conference in New York City – Management will be available for 1x1 meetings. September 5: Benchmark 11th Annual TMT One-on-One Conference in New York City ...

NEW YORK, Aug. 16, 2024 /PRNewswire/ -- Stagwell Inc. (NASDAQ: STGW), the challenger network built to transform marketing, will host a virtual fireside chat at the Rosenblatt Securities 4th Annual Technology Summit on August 20, 2024. The session will feature Mark Penn, Chairman and CEO, discussing the impact of AI on marketing innovation, as well as product development within the company's AI-enabled Stagwell Marketing Cloud. Management will be available for 1x1 meetings with investors upon request. Visit ...

NEW YORK, Aug. 9, 2024 /PRNewswire/ -- Stagwell Inc. (the "Company") announced today the grant of equity inducement awards. Effective August 8, 2024, the Company granted a total of 92,719 restricted stock units to six new employees. Each restricted stock unit represents the right to receive one share of the Company's Class A common stock. The restricted stock units will vest in two installments, with one-third vesting on the second anniversary of the grant date and two-thirds vesting on the third anniversar ...

We Are Summary I am positive on Stagwell Inc. (NASDAQ:STGW). My summarized thesis is that organic growth is set to accelerate in 2H24 and sustain at a high single-digit level through FY26. There are multiple growth drivers in place, such as an expected improvement in the macro backdrop, growing net new business wins with multiple contracts expected to generate revenue in 2H24, and growing AI-related deals that STGW is well-prepared for. Also, I expect adj. EBITDA margin to expand when organic growth acceler ...

NEW YORK and RIYADH, Saudi Arabia, Aug. 6, 2024 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced it has entered into an agreement to acquire Consulum, a leading pan-MENA government advisory consultancy. The acquisition — Stagwell's second in MENA in 2024 — establishes a robust foothold for Stagwell in the Middle East, enriched by Consulum's tested expertise in strategic communications, public policy, leadership support, and diplomatic outcomes. Fo ...

Financial Performance - Stagwell's net revenue for the second quarter of 2024 was $554 million, a 1.7% increase compared to $544.9 million in the same period of 2023[13, 16] - Adjusted EBITDA for Q2 2024 was $86 million, compared to $91.2 million in Q2 2023, representing a 5.6% decrease[13, 15] - Net new business wins reached $113 million in Q2 2024, bringing the last twelve months (LTM) total to $324 million[13] - The company is reiterating its full-year 2024 outlook, including organic net revenue growth of 5% to 7% and adjusted EBITDA between $400 million and $450 million[12] Revenue Growth by Capability - Stagwell Marketing Cloud Group experienced a net revenue growth of 7.8% in Q2 2024, with organic net revenue growth of 8.5%[22] - Performance Media & Data saw a net revenue growth of 5.7% in Q2 2024, with organic net revenue growth of 5.5%[22] - Creativity & Communications experienced a net revenue growth of 0.2% in Q2 2024, with organic net revenue growth of 0.1%[22] Geographic Performance - The United States showed an organic revenue growth of 2.4% in Q2 2024[18] - The United Kingdom experienced an organic revenue decline of 6.5% in Q2 2024[18] Strategic Initiatives - Stagwell closed three acquisitions in Q2 2024 to expand global reach and digital capabilities[13] - The company launched AI-powered features with Google Cloud across four of its digital marketing products[13] - Deferred Acquisition Costs (DAC) reduced by $43 million from Q1 2023 quarter-end balance[32]