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Stagwell Inc. (NASDAQ: STGW) is a digital-first marketing innovator transforming how brands connect with audiences through technology-driven solutions. This news hub provides investors and industry professionals with essential updates on the company developments shaping the future of marketing services.
Track Stagwell's strategic initiatives through verified press releases, earnings reports, and partnership announcements. Our curated collection features updates across three key areas: technology innovations in AI-driven marketing tools, strategic acquisitions expanding global capabilities, and integrated solutions merging creative excellence with data intelligence.
This resource enables stakeholders to monitor Stagwell's progress in building collaborative agency networks and deploying cutting-edge communications platforms. Regular updates cover operational milestones, leadership changes, and market expansion efforts across North America, EMEA, and APAC regions.
Bookmark this page for streamlined access to Stagwell's corporate communications, including regulatory filings and brand partnership disclosures. Check back frequently to stay informed about developments influencing the competitive marketing technology landscape.
The 2024 Axios-Harris Poll 100 reveals that Nvidia, 3M, Fidelity, Sony, and Adidas have the best reputations among U.S. companies, despite a broader decline in corporate reputation. Over 70% of the companies saw their reputations suffer due to inflation management and cultural issues, with social media platforms and politically polarizing companies like The Trump Organization, X, Spirit Airlines, Meta/Facebook, and Fox faring the worst.
Reputation scores are at their lowest since pre-COVID times, with an average score of 72.8. Top reasons for declining reputations include inadequate price management during inflation, poor ethical behavior, and excessive focus on cultural issues. Notably, 66% of Americans have boycotted companies due to high prices.
Despite the overall trend, the pharmaceutical industry showed improvement, and companies like BP, Hobby Lobby, Fidelity, Subway, and eBay made significant gains. Newcomers to the list include Nvidia, Mattel, Novo Nordisk, Bayer, and Alaska Airlines.
Stagwell (NASDAQ: STGW) has released the May Harvard CAPS / Harris Poll results, showing that Trump leads Biden by 5 points, with 44% of Independents still undecided.
Biden's overall approval remains at 44%, but his approval on the Israel-Hamas issue has dropped to 36%. Inflation is the top concern, especially among Hispanic voters, 52% of whom feel their financial situation is worsening.
Most voters want presidential debates, with 79% supporting Biden and Trump debating each other. The poll indicates no clear frontrunner for Trump's VP, with Ron DeSantis, Tim Scott, and Vivek Ramaswamy being the top choices.
The survey was conducted online on May 15-16, 2024, among 1,660 registered voters.
Stagwell (NASDAQ: STGW) and Nexxen (AIM / NASDAQ: NEXN) have announced a partnership aimed at enhancing audience discovery for marketers through the Stagwell Marketing Cloud. This partnership integrates Nexxen's Data Platform, which leverages a unified identity graph to manage and enrich data for better audience targeting. The collaboration aims to help advertisers navigate changes in privacy, like cookie deprecation, and improve engagement by offering advanced data solutions. Nexxen's platform will allow brands to utilize a variety of data types to optimize audience insights and media spend efficiently.
Stagwell (STGW) has unveiled a comprehensive study revealing that ads placed next to news stories on politics, inflation, and crime perform as effectively as those placed next to traditionally 'safe' topics like business, entertainment, and sports. This survey, which included 50,000 U.S. adults, debunks common myths surrounding 'brand safety' for advertisers, particularly among key demographics like Gen Z, affluent households, and moms. The results suggest that advertisers can benefit from engaging with news content, which could help support quality journalism financially. The findings will be further discussed at Stagwell's 'Future of News' summit in New York.
Stagwell Inc. granted 24,403 restricted stock units to three new employees, each representing the right to receive one share of the Company's Class A common stock. The units will vest in two installments over three years, subject to accelerated vesting under certain conditions. These awards were given as inducements to employment under Nasdaq Listing Rule 5635(c)(4).
In a new study conducted by Stagwell's (STGW) The Harris Poll, it was found that New Yorkers are concerned about the waste crisis but do not see a plastic ban as a solution. Over 78% of New Yorkers view molecular recycling as a positive way to address the waste crisis. The survey revealed that plastic plays a important role in the lives of New Yorkers, with most residents believing that innovative recycling methods like molecular recycling can be a key solution to the plastic waste problem.
PRophet, a Stagwell (STGW) Company, won two prestigious awards at the 2024 Innovation SABRE Awards and 28th Annual Webby Awards for its AI-driven platform PRophet, setting new standards in communications and marketing technology. The platform was recognized for innovation and excellence in the PR Software and Services category and Apps and Software: Marketing and Content Management category, demonstrating its leadership in AI technology. PRophet continues to revolutionize the comms tech landscape with AI integration, reinforcing its commitment to modern communications and marketing professionals.
The Milken Institute-Harris Poll report highlights the challenges faced by U.S. business leaders and Americans amidst economic disruptions. Business leaders stress the need for bolstering U.S. competitiveness, while Americans call for optimism and unity. Despite business optimism, consumer sentiment lags behind. The report emphasizes the importance of resilience, place-based innovation, and cross-sector cooperation to navigate disruptions and build a more prosperous America.
Stagwell (NASDAQ: STGW) has acquired Montreal-based Luxine Relations Publiques, solidifying its presence in the Canadian market. Luxine joins Veritas Communications to focus on local markets across Canada, with Luxine's founder appointed as Senior Vice President & Head of LuxineVeritas. The acquisition enhances Stagwell's PR and influencer marketing capabilities in Quebec, catering to the demand for made-in-Quebec strategies.
Stagwell Inc. (NASDAQ: STGW) reported revenue growth of 8%, with a net loss of $1.3 million for the three months ended March 31, 2024. Adjusted EBITDA increased by 25% to $90 million, and adjusted EBITDA margin improved by 320 basis points to 17%. EPS was $(0.01), with adjusted EPS at $0.16, a 14% increase year-over-year. The company reaffirmed guidance for 2024, expecting organic net revenue growth of 5% to 7%, adjusted EBITDA of $400 to $450 million, and free cash flow conversion of around 50%.
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