STAGWELL INC Stock Price, News & Analysis

Stagwell's PRophet has appointed Charlie Tulip as Enterprise Account Executive and Kendra Lewellyn as Digital Marketing Manager to enhance its growing AI-driven PR platform. Tulip, with over 20 years of B2B sales experience, aims to attract more enterprise customers. Lewellyn, who has extensive digital marketing experience, will spearhead the company's global marketing strategy and enhance subscription offerings. The new hires come at a time of increasing demand for PRophet's innovative software designed to predict media interest and sentiment.

On August 12, 2022, Stagwell (NASDAQ: STGW) announced its exclusive sponsorship of the Creative Equals Business program, aimed at fostering female leadership in creative industries within the U.K. This six-month initiative includes 8 modules focused on inclusion as a driver for organizational change and financial growth. Applications are open until August 31, 2022. The program has already supported over 200 women's leadership development, highlighting Stagwell's commitment to improving gender equity at senior levels.

Stagwell Inc. (STGW) reported significant financial growth in Q2 2022, with GAAP revenue of $672.9 million, a remarkable 221.1% increase year-over-year. The company achieved net income of $24.5 million and diluted EPS of $0.08. Adjusted EBITDA reached $111.3 million, marking a 20.0% margin on net revenue. Notably, 57% of net revenue was generated from high-growth digital services. Stagwell reaffirmed its full-year organic net revenue growth guidance of 18%-22% and adjusted EBITDA of $450-$480 million.

The American Red Cross, in collaboration with MONO, has launched the Drop For Drop campaign to address a blood donation shortage. Scheduled for August 4 and 11 in New York City and Los Angeles, the initiative features limited edition merchandise by designers Eric Emanuel, New York Sunshine, and Warren Lotas for donors. The campaign aims to attract younger donors, reflecting a nearly 20% drop in blood supplies recently, particularly among those aged 18-24.

The July Harvard-CAPS Harris Poll released by Stagwell indicates a dead heat for the 2022 midterm elections, with inflation as the top concern. Biden's approval rating is at a historic low of 38%, and 84% of voters believe the economy is in or headed for a recession. The poll shows equal support for Democrats and Republicans, but Independents lean Republican. Inflation and affordability are major issues, while abortion rights also play a role for Democrats. Many voters seek moderate candidates for the 2024 election amidst growing dissatisfaction with current political leaders.

Stagwell (NASDAQ: STGW) celebrates its first anniversary post-merger, reporting significant growth in digital services and strategic acquisitions that outpaced major advertising competitors in 2021. The company, led by Mark Penn, attributes 56% of Q1 2022 revenue to digital capabilities, bolstered by a robust SaaS ecosystem and a global affiliate network. Key acquisitions include Instrument and Brand New Galaxy, enhancing the company's digital brand innovation. Stagwell aims to leverage integrated services for transformative marketing assignments, indicating solid performance and future potential.

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.