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Stagwell Inc. - STGW STOCK NEWS

Welcome to our dedicated page for Stagwell news (Ticker: STGW), a resource for investors and traders seeking the latest updates and insights on Stagwell stock.

Stagwell Inc. (NASDAQ: STGW) is a pioneering marketing services company designed to transform the industry with its innovative approach. Stagwell operates through several business segments, including the Integrated Agencies Network, Brand Performance Network, and Communications Network. This structure ensures the delivery of top-notch marketing solutions tailored to the unique needs of its clients.

Founded by industry veterans, Stagwell places a strong emphasis on digital-first investments, unencumbered by legacy assets. The company boasts a selective portfolio, having just one or two agencies of each type, ranging from digital media buying to market research and public relations. This strategy fosters true cooperation and synergy across its network.

Stagwell's core mission is to merge creativity with advanced technology to harmonize the art and science of marketing. The company's over 13,000 specialists across 34+ countries work together to drive business effectiveness and improve client results. Stagwell serves some of the world's most ambitious brands, helping them navigate the complex digital landscape.

Recent achievements include the addition of Leverate Group, an integrated full-service agency based in Indonesia, to its expanding Global Affiliate Network. This move strengthens Stagwell's presence in the Asia Pacific region, enhancing its omnichannel media buying and activation capabilities. Stagwell's commitment to growth is evident in its strategic acquisitions and partnerships, driving innovation and expanding its global footprint.

Financially, Stagwell has shown resilience and growth. In the first quarter of 2024, the company reported an 8% year-over-year revenue growth, reaching $670 million. This growth was driven by new business wins and strategic cost management. The company's strong focus on technology, particularly in AI and immersive experiences, positions it well for future growth.

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Stagwell (NASDAQ: STGW) to present at J.P. Morgan and Seaport investor conferences in December 2023
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Stagwell (NASDAQ: STGW) releases the results of the November Harvard CAPS / Harris poll, showing President Joe Biden's approval rating at 45% and a rise in positive economic sentiment. The poll indicates strong support for Israel and Biden's policies, with 80% of voters siding with Israel over Hamas and 58% approving of Biden's policies. The survey also covers public opinion on abortion, crime, and the 2024 horse race.
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Stagwell (NASDAQ: STGW) returns to CES 2024 to discuss the impact of artificial intelligence and immersive experiences on marketing. CEO Mark Penn anticipates 2024 to be the 'year of competition' driven by AI innovation. Stagwell will host exclusive interviews, exhibition floor tours, and inspiration sessions at the event.
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Colle McVoy: Award-Winning Ciro Sarmiento Joins as Chief Creative Officer, Leading Creative Evolution in Minneapolis-Based Agency
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Stagwell Inc. (NASDAQ: STGW) announced the grant of equity inducement awards to eight new employees, totaling 70,111 restricted stock units. Each unit represents the right to receive one share of the Company's Class A common stock, vesting in two installments over a three-year period. The awards serve as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4).
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Allison - The Ventura County Council of the Boy Scouts of America, with support from Allison, has launched the Spirit of David Wolf Scholarship to provide financial assistance for registration fees, uniform, and activity expenses. The scholarship honors David Wolf, a public relations industry veteran and luminary, who passed away in March 2023. The press release also announces the creation of the David Wolf Mentorship Award by Allison, recognizing a colleague who demonstrates a passion for mentorship. This initiative celebrates David's commitment to mentorship and his contributions to the communications industry.
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Stagwell (NASDAQ: STGW) announces partnership with Google Cloud and SADA to develop AI marketing solutions, leveraging gen AI tools to transform brand campaigns, accelerate solution development, and harness data analytics. The collaboration aims to drive operational efficiencies, marketing transformation, and customer experience innovation for digital companies worldwide.
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Stagwell Inc. announced its financial results for Q3 2023, reporting revenue of $618 million and net revenue of $535 million. The company posted net income of $3 million and adjusted EBITDA of $102 million. Stagwell achieved $81 million of net new business in Q3, bringing its LTM net new business to over $250 million. It also completed the sale of non-core ConcentricLife for $245 million. The company expects adjusted EBITDA of $390 to $410 million in 2023.
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Stagwell, a challenger network built to transform marketing, has acquired Movers+Shakers, a disruptive creative agency connecting brands to culture. Movers+Shakers will join Stagwell's Constellation network of agencies and has gained 21 new clients in 2023. The agency is known for its expertise in creating cultural relevance with Gen Z and millennials and has achieved 250 billion campaign views to date. This marks Stagwell's fourth acquisition of the year.
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Stagwell and Clarita are partnering to offer new solutions and scalability to their clients. Clarita will focus on digital marketing and performance, bringing expertise in sales conversion, lead generation, and digital advertising. The partnership will benefit from Stagwell's global client relationships and technology tools.
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FAQ

What is the current stock price of Stagwell (STGW)?

The current stock price of Stagwell (STGW) is $6.215 as of October 31, 2024.

What is the market cap of Stagwell (STGW)?

The market cap of Stagwell (STGW) is approximately 704.5M.

Stagwell Inc.

Nasdaq:STGW

STGW Rankings

STGW Stock Data

704.46M
111.73M
4.15%
95.12%
3.78%
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