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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.
ARound has launched a groundbreaking augmented reality (AR) experience at SoFi Stadium during a Los Angeles Rams game, enabling 70,000 fans to engage with real-time 3D effects. Sponsored by SoFi, this technology enhances the in-stadium experience with features like Infinity Screen AR and at-home participation. The platform uses 3D spatial computing to create shared experiences, enriching fan interactions and gameday enjoyment. SoFi, the stadium's naming rights partner, is the first brand sponsor, positioning itself at the forefront of innovative marketing.
Stagwell Inc. announced equity inducement awards of 68,452 shares of restricted Class A common stock to six new employees effective November 28, 2022. Key grants include 30,000 shares to Managing Director Matthew Lochner and 10,000 shares to Chief Creative Officer Colin Jeffery. Vesting schedules vary, with elements tied to company performance objectives. This action complies with Nasdaq Listing Rule 5635(c)(4) and is intended to attract talent. The company aims to leverage creativity and technology to enhance marketing effectiveness for clients.
PRophet, a communications tech platform from Stagwell (NASDAQ: STGW), has partnered with Yoodli to enhance media interviewing skills through AI-powered feedback.
This collaboration allows users to receive personalized insights on performance metrics such as filler words and body language, improving their media training experience. Yoodli, endorsed by public speaking champions and institutions, offers judgment-free analytics and real-time feedback for communication improvement. This initiative positions PRophet as a leader in providing AI-driven support for PR professionals seeking to enhance storytelling and media engagement.
Stagwell (NASDAQ: STGW) is set to participate in CES 2023 from January 5-8 in Las Vegas, focusing on transforming marketing through impactful technology. Chairman and CEO Mark Penn will speak at the C Space Program on data and personalization. Stagwell will also host a content studio featuring exclusive interviews with senior brand executives and offer floor tours guided by technology experts. These initiatives aim to connect technology with marketing, highlighting innovations likely to influence brand strategies and marketing opportunities in the upcoming year.
Stagwell (NASDAQ: STGW) has partnered with VetsinTech to support veterans through tech-focused programs, particularly on Veterans Day. Leaders Maggie Malek and Justin Lewis published open letters encouraging veterans to pursue careers in technology. This collaboration aims to expand educational and employment opportunities for veterans, aligning with VetsinTech's mission to assist those transitioning from military service. The partnership will be highlighted during VetsinTech's 8th Annual Veterans Day Gala on November 11 in San Francisco, which funds scholarships for veterans.
Stagwell Inc. reported robust financial results for Q3 2022, with GAAP revenue reaching $663.8 million, marking a 42.3% increase year-over-year. The year-to-date revenue stands at $1.98 billion, reflecting a 130.9% surge. The company achieved net income of $35.3 million for Q3, with adjusted EBITDA of $115.1 million, representing a 20.7% margin. Additionally, Stagwell secured record net new business wins totaling $86 million during the quarter, bolstered by strong performance in digital services. The company aims for 16% - 20% organic net revenue growth for the year.
On November 1, 2022, Stagwell (NASDAQ: STGW) announced that its digital agencies, Instrument and Hello Design, will merge in January 2023. Hello Design, known for its award-winning work for clients like Sonos and Nike, will enhance Instrument's capabilities with its 30+ employees. Key leadership from Hello Design will integrate into Instrument, including David Lai as Executive Creative Director. This merger emphasizes Instrument's virtual-first model while establishing a physical presence in Los Angeles. Stagwell previously held a minority stake in Hello Design, now becoming a fully integrated member of the Stagwell network.
Stagwell (NASDAQ: STGW) will participate in the Stephens Annual Investment Conference on Nov. 15-16, 2022. Dan Gardner, Executive Chairman of Code and Theory, will join Stagwell for a fireside chat on Nov. 16 at 2 PM ET. Investors can schedule 1:1 meetings with management by contacting ir@stagwellglobal.com. Stagwell is focused on transforming marketing through creativity and technology, employing over 13,000 specialists across 34+ countries. For more information on investor events, please visit Stagwell's investor relations page.
Stagwell's National Research Group (NRG) published the whitepaper titled "The Power of Brand Fandom: 5 Things to Know Right Now," revealing insights on consumer brand loyalty. The study shows that 57% of consumers are more enthusiastic about brands than celebrities, movies, or sports. Key themes include strong brand loyalty across ages, the desire for brand identification, and willingness to try new products from admired brands. The report was presented during Advertising Week New York, highlighting the importance of fostering brand communities for long-term engagement.
Stagwell (NASDAQ: STGW) announced that Chairman and CEO Mark Penn will present at the 2022 Global Technology, Internet, Media, and Telecommunications Conference, hosted by RBC Capital Markets in New York on November 15-16, 2022. Penn’s fireside chat is scheduled for 3:10 PM on Tuesday, November 15, and he will be available for one-on-one investor meetings during the event. For more details, stakeholders can contact Stagwell at ir@stagwellglobal.com.
Stagwell aims to transform marketing by harmonizing creativity and technology, boasting over 13,000 specialists across 34+ countries.
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