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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.
National Research Group (NRG) has appointed Jenny Swisher as its first Chief People Officer, effective July 21, 2022. Swisher, a seasoned HR executive with nearly 15 years of experience, will lead people strategy, operations, and talent management at NRG, which is part of Stagwell. Her previous roles include Executive VP of People Operations at BrightTALK and leadership positions at Target. Swisher aims to foster a people-first workplace culture, enhancing employee experience and engagement.
Stagwell (NASDAQ: STGW) has acquired Apollo Program, an AI-powered SaaS platform focused on consumer insights and marketing strategies. This acquisition marks the first for the Stagwell Marketing Cloud, integrating Apollo's capabilities with Stagwell's existing tools. Apollo enhances data-driven decision-making for marketers by connecting various consumer data points, thereby automating and optimizing campaign processes. The deal aims to strengthen Stagwell's marketing technology offerings, although financial terms of the acquisition remain undisclosed.
Stagwell announced that Moody's Investors Service upgraded its corporate family rating from B2 to B1, reflecting positive operating momentum post-merger and a focus on deleveraging. The profitability of default rating improved to B1-PD from B2-PD, and the senior unsecured notes rating upgraded to B2 from B3. The speculative grade liquidity rating was also enhanced to SGL-2 from SGL-3. The outlook changed to stable from positive. Stagwell will report its financial results for Q2 on August 4, 2022, before market open.
The Harris Poll, a Stagwell company (NASDAQ: STGW), released the "2022 Health Information Trends Survey," revealing that 63% of U.S. adults find the health information they need without consulting healthcare providers. Trust in non-healthcare sources such as internet searches (41% vs. 33% in 2019) and pharma companies (36% vs. 26%) has risen, while trust in primary care and specialists has slightly declined. The survey indicates a growing necessity for consumers to verify health information, reflecting a complex landscape for healthcare communication.
Stagwell, under NASDAQ: STGW, is sponsoring the 2022 Fierce Pharma PR & Communications Summit on July 19-20 in Jersey City, NJ. The event focuses on best practices for life science communicators in the evolving healthcare landscape. Key representatives from The Harris Poll will present insights on pharma reputation and health information trust amid ongoing changes. Kathy Steinberg and other experts will lead discussions on data-driven communication strategies and combating misinformation in healthcare.
Stagwell (NASDAQ: STGW) announced its acquisition of PEP Group, enhancing Locaria's multilingual media and content production capabilities. PEP Group specializes in omnichannel content creation and has served major brands like Kimberly-Clark and Colgate-Palmolive. The acquisition aims to improve Locaria's scale in global content adaptation and production. Despite challenges due to the Ukraine crisis, PEP Group continues to meet global demands. Key leaders from both companies emphasize the strategic importance of this acquisition for delivering superior value to clients worldwide.
Stagwell (NASDAQ: STGW) announced it will report its financial results for Q2 2022, ended June 30, on August 4, 2022, before the market opens. A webcast reviewing these results will occur at 8:30 a.m. EDT the same day. This event underscores Stagwell's commitment to transparency and engaging with investors. The company aims to deliver performance-driven marketing solutions through innovative technology, emphasizing its leadership in transforming marketing on a global scale.
On July 1, 2022, Stagwell (NASDAQ: STGW) released results from the July Harvard CAPS/Harris Poll, revealing a worsening national mood with 64% of voters reporting a declining financial situation amid inflation. Key findings include President Biden's approval rating at a record low of 38%, with 71% of voters opposed to his reelection. The poll indicates a rising interest in moderate independent candidates, with 60% open to voting for one if Biden and Trump run again. Additionally, the Supreme Court's decision on Roe v. Wade faces opposition from 55% of voters.
Stagwell Chairman and CEO Mark Penn issued a statement on June 24, 2022, regarding the Supreme Court's decision to overturn Roe v. Wade. He emphasized the company's commitment to supporting employees during this transition by enhancing healthcare access. Stagwell plans to expand its network travel benefits, ensuring employees in states with new abortion restrictions can access approved reproductive healthcare providers. This initiative aims to prioritize employee well-being and align with the company's values of providing excellent health care regardless of location.
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