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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.
Stagwell Inc. (NASDAQ: STGW), a challenger network in marketing transformation, is set to participate in the Rosenblatt Securities 4th Annual Technology Summit on August 20, 2024. The company will host a virtual fireside chat featuring Chairman and CEO Mark Penn, who will discuss AI's impact on marketing innovation and product development within the AI-enabled Stagwell Marketing Cloud.
The event provides an opportunity for investors to gain insights into Stagwell's AI initiatives and their potential influence on the marketing landscape. Management will be available for one-on-one meetings with investors upon request, offering a chance for more in-depth discussions on the company's strategies and outlook.
Calix, Inc. (NYSE: CALX) has appointed Wade Oosterman, former vice chairman of Bell Canada and president of Bell Media, to its board of directors. Oosterman brings over 30 years of experience in the telecommunications industry, having played pivotal roles in major Canadian telecom companies. His expertise in driving profitable growth and transformation is expected to strengthen Calix's market leadership amid the ongoing broadband industry disruption.
Oosterman's appointment aligns with Calix's mission to help broadband service providers (BSPs) simplify their business, innovate for subscribers, and grow value for their communities. His experience includes serving on boards of companies like Stagwell, Inc. (NASDAQ: STGW) and Telephone Data Systems Inc. (NYSE: TDS). Oosterman's strategic leadership at BCE contributed to its current $31 billion market capitalization and commanding position in Canada's telecom industry.
Stagwell Inc. (STGW) has announced the grant of equity inducement awards to six new employees, effective August 8, 2024. The company issued a total of 92,719 restricted stock units, each representing the right to receive one share of Stagwell's Class A common stock. These units will vest in two installments: one-third on the second anniversary and two-thirds on the third anniversary of the grant date. The awards are subject to accelerated vesting in cases of termination without Cause or due to death or disability. Stagwell granted these awards as a material inducement to employment in compliance with Nasdaq Listing Rule 5635(c)(4).
Stagwell (NASDAQ: STGW) has agreed to acquire Consulum, a leading pan-MENA government advisory consultancy, marking its second acquisition in the MENA region in 2024. This move strengthens Stagwell's presence in the Middle East, leveraging Consulum's expertise in strategic communications, public policy, and leadership support. Founded in 2012, Consulum has grown to a team of approximately 160 professionals with offices across six countries.
The acquisition aligns with Stagwell's global expansion strategy, aiming to enter 10 new markets in 2024. It complements Stagwell's recent acquisitions, including LEADERS/Influencer Marketing.AI in MENA, and enhances its service offerings to global clients. Consulum's leadership expressed enthusiasm about joining Stagwell's network, anticipating enhanced capabilities through the combination of their government advisory services with Stagwell's innovation and technologies.
Stagwell (NASDAQ: STGW) reported its Q2 and H1 2024 financial results, showing a 6% revenue growth in Q2, totaling $671 million, and a 7% growth in H1, reaching $1.3 billion. The company achieved record net new business wins of $113 million in Q2, with a last twelve-month total of $324 million.
However, Stagwell reported a net loss of $3 million for Q2, unchanged from the prior year, and a H1 net loss of $4 million compared to a $2 million profit in the previous year. Adjusted EBITDA was $86 million in Q2, down by 6%, but increased by 8% to $176 million for H1. The Adjusted EBITDA margin remained at 16%.
Earnings per share (EPS) were $(0.03) for Q2 and $(0.04) for H1. Adjusted EPS were $0.14 for Q2 and $0.30 for H1. Stagwell reaffirmed its full-year guidance, projecting organic net revenue growth of 5% to 7%, Adjusted EBITDA of $400 to $450 million, and a free cash flow conversion of ~50%.
A new survey by Stagwell's The Harris Poll reveals significant gaps in postpartum maternal health education and support in the U.S. Key findings include:
- 40% of women who have been pregnant received insufficient or no information on breastfeeding from healthcare providers
- 53% of women who have been pregnant did not receive enough or any information on postpartum depression
- 24% of women rate their postpartum care as less than adequate
- 74% of women agree there isn't enough focus on postpartum healthcare for mothers
- 64% feel mothers are often forgotten once the baby arrives
- 73% consider maternity leave provided by most U.S. employers insufficient
- 58% believe paid maternity leave should be at least 12 weeks
The survey highlights the critical need for improved postpartum support, education, and policy changes to better support mothers and their children.
The Code and Theory Network, Stagwell's digital transformation network, has expanded to include Instrument and Left Field Labs. This strategic alignment creates unparalleled digital transformation capabilities, with the network now consisting of Code and Theory, Instrument, Kettle, Truelogic, Left Field Labs, Rhythm, and Mediacurrent. The expansion aims to deliver comprehensive value from concept to continuity, with a human-led, tech-powered approach that embeds AI into its capabilities.
Instrument, a design and technology company, brings its all-women C-suite and expertise across brand, product, and marketing verticals. Left Field Labs, known for creative technology and innovation, recently worked on Google Search's new AI and AR modalities. This expansion builds on Code and Theory's recent recognitions, including Ad Age's Business Transformation Agency of the Year and ANA B2B Agency of the Year.
The July Harvard CAPS / Harris poll reveals a reset in the presidential race following Vice President Kamala Harris's anointment as the Democratic frontrunner. Trump now leads Harris by 3 points (48% to 45%), down from his 7-point lead over Biden in June. Key findings include:
- 79% of voters approve of Biden's decision to step down
- Harris enjoys a 9-point jump in favorability
- Both Trump and Harris have similar favorability ratings (48% and 47% respectively)
- 24% of voters say they could change their mind
- Harris performs better among minority and women voters
- Majority of voters support GOP platform initiatives
- 66% believe Israel should retaliate against Hezbollah attacks
The poll, conducted July 26-28, 2024, surveyed 2,196 registered voters and covers public opinion on candidates and GOP policy platform post-Republican National Convention.
Yamamoto, a Stagwell (STGW) company, celebrates its 45th anniversary as a creative agency. Founded in 1979 by Peter Seitz, Hideki Yamamoto, and Miranda Moss, the agency has evolved from brand design and identity to a full-service creative powerhouse. CEO Kathy McCuskey emphasizes the agency's curious, creative, and courageous approach, building on its founders' legacy.
The agency has expanded into journalism-based brand storytelling and emerging technologies like AI and AR. Chief Creative Officer Michael Stelmaszek aims to make clients proud and competitors jealous. Yamamoto's digital practice includes ecommerce, web design, and spatial computing. The agency has won numerous awards and was named one of the Twin Cities Best Places to Work in 2024.
Stagwell (NASDAQ: STGW) has acquired LEADERS, a Tel Aviv-based digital agency specializing in influencer marketing and social commerce. The acquisition includes LEADERS' SaaS platform, InfluencerMarketing.AI (IMAI), which joins Stagwell Marketing Cloud's PRophet Comms Tech Suite. IMAI uses advanced AI to connect brands with over 300 million creators worldwide, offering robust analytics and campaign management tools.
This acquisition marks Stagwell's first agency in Israel and strengthens its global influencer marketing capabilities. LEADERS' founders, Eran Nizri and Yehonatan Arami, will continue in leadership roles within Stagwell. The move is part of Stagwell's global expansion strategy and investment in AI-enabled marketing solutions, representing the company's seventh acquisition in 2024.
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