Stagwell Inc. - STGW STOCK NEWS

The November Harvard CAPS / Harris poll reveals Trump's victory over Harris by 2 points in the 2024 presidential election, with a 54% approval rating as president-elect. The poll shows that 80% of voters prioritized candidates' positions on issues over personal qualities, with inflation (45%) and immigration (16%) being the top concerns. 50% of voters supported Trump, including 92% of Republicans and 49% of Independents, while 48% backed Harris. Notably, 71% believe Elon Musk's endorsement had the biggest impact on the election. Voters primarily relied on TV news (46%) and social media (23%) for election coverage.

Stagwell (STGW) announced the grant of equity inducement awards to six new employees. The company issued a total of 55,406 restricted stock units, with each unit convertible into one share of Class A common stock. The vesting schedule includes one-third vesting after two years and two-thirds vesting after three years from the grant date. The awards include accelerated vesting provisions in cases of termination without cause, death, or disability. These grants were made as employment inducements under Nasdaq Listing Rule 5635(c)(4).

Stagwell's post-election survey reveals significant insights about Americans' relationship with news media. While 80% recognize news media as powerful for reaching consumers, trust issues persist. The study, surveying 1,510 U.S. adults, shows that 57% cite misinformation and fake news as key trust concerns. Despite challenges, 71% believe companies should advertise in news media to support journalism.

Local TV (73%), broadcast TV (67%), and newspapers (66%) emerge as the most trusted news sources. To rebuild trust, Americans advocate for enhanced fact-checking (58%), better separation between news and opinion (58%), and balanced perspective (54%). The survey also indicates that 66% of respondents view companies more positively when they advertise in news media.

Stagwell (NASDAQ: STGW) has announced an expanded partnership with VII(N) The Seventh Estate, a global wine brand co-founded by NBA All-Star Carmelo Anthony and Asani Swann. The partnership, which began at Sport Beach 2023, led to the launch of the first Wine and Spirits Festival at Cannes Lions 2024, featuring athlete-founded brands. The collaboration aims to leverage key cultural moments in business, sports, and culture. Anthony will join Code and Theory's Dan Gardner at Web Summit to discuss technology and creativity in sports.

A new Harris Poll study reveals the growing 'Pet Economy' trend in American pet ownership. Pet owners spend an average of $4,366 annually on their pets, with Gen Z leading at $6,103, followed by Millennials ($5,150), Gen X ($3,878), and Boomers ($2,454). The study shows 82% of pet owners view their pets as children, with 34% of Millennial and 29% of Gen Z pet owners reporting financial strain from pet care. The trend is driving demand for pet-friendly workplaces, with 58% wanting pets allowed at work and 49% seeking pet expense stipends. Additionally, 80% advocate for more pet-friendly establishments, while 75% desire increased access to pet-inclusive areas.

Stagwell Inc. (NASDAQ: STGW) reported strong Q3 2024 results with revenue reaching $711 million, up 15% year-over-year. The company achieved 8% organic net revenue growth and $111 million in Adjusted EBITDA with a 19% margin. Digital Transformation led growth with 25% increase, while net new business hit $101 million in Q3. The company maintained its 2024 guidance and announced a $125 million increase in its stock repurchase program to $375 million total. Q3 earnings per share were $0.03, with adjusted EPS at $0.22.

Code and Theory, a Stagwell (STGW) agency, has launched its Government Experience Practice (GX) to modernize government services and transform public sector interactions. Led by Dominic Sale, a federal government executive with 30 years of experience, GX will leverage the agency's strategic consulting, technical expertise, and user-focused design capabilities. Sale, who previously served in key roles at the White House Office of Management and Budget and GSA, aims to rebuild trust in government through improved digital experiences. The initiative will focus on implementing AI and emerging technologies to enhance government-citizen interactions while expanding the agency's partner network and talent pool.

Stagwell (NASDAQ: STGW) has announced its participation in multiple investor conferences during November 2024. The schedule includes: the Truist Securities Virtual Internet Growth Summit on November 14, the Seaport Digital Media & Advertising Conference on November 18, the RBC Global Technology Conference on November 19 in New York, the Morgan Stanley European Technology Conference on November 20 in Barcelona, and the Stephens Annual Investment Conference on November 21 in Nashville. Various company executives will participate in fireside chats, one-on-one meetings, and small group discussions.

Code and Theory has introduced ContextLens, the first AI-driven anticipatory graphic design system for publishers, debuting on RealClearPolling. The system dynamically generates informational graphics based on readers' needs by understanding webpage context and creating visual representations without leaving the page. ContextLens appears as a purple bar that suggests related content and creates graphics on demand. The tool is currently in beta and available to other publishers, offering features like contextual understanding, generative visuals, and seamless integration. RealClearPolling is using it to provide comprehensive insights into 2024 election polls and public opinion surveys.