STAGWELL INC Stock Price, News & Analysis

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.

GALE, a Stagwell Company (STGW), has been awarded the No. 46 spot on Adweek's list of the 75 Fastest Growing Agencies, achieving an impressive 121% revenue growth over the past three years. The recognition highlights GALE's success in attracting new clients such as H&R Block and Seagate. GALE President and CEO Brad Simms credits the achievement to their dedicated team and strong company culture. Looking ahead, GALE anticipates continued growth in 2023 and is actively recruiting across various media and strategy roles.

Stagwell (NASDAQ: STGW) has acquired Epicenter Experience, a platform specializing in mobile and location data to map consumer behavior. This is Stagwell's third acquisition in 2022, aiming to enhance its Marketing Cloud's data capabilities. Epicenter's technology, The People Platform™, delivers insights into consumer visits and behaviors, enabling personalized marketing at scale. Stagwell's CEO Mark Penn emphasized the strategic importance of this AI-powered addition, which supports their growth in customer acquisition and retention efforts.