STAGWELL INC Stock Price, News & Analysis

Stagwell (STGW) announced that Chairman and CEO Mark Penn will participate in the 17th Annual Needham Technology & Media Conference on May 16-17, 2022. Penn's virtual presentation is scheduled for 12:45 EDT on May 16. Investors can register for the event here. Additionally, he will be available for one-on-one investor meetings on May 16 virtually and in person on May 17. Stagwell recently reported its Q1 2022 earnings on May 6 and 2021 Annual Report on May 2.

Stagwell reported a remarkable first quarter, with GAAP revenue soaring 254.7% year-over-year to $642.9 million. Pro Forma organic net revenue increased 23.6%, while net income reached $33.6 million, translating to $0.10 diluted EPS. Adjusted EBITDA grew by 325.4% to $101.4 million, yielding a margin of 19.3%. The company achieved net new business wins of $54 million. Stagwell reaffirms its full-year guidance, anticipating Pro Forma organic revenue growth between 18% and 22%.

Stagwell (NASDAQ: STGW) released its 2021 Annual Report, showcasing significant growth driven by digital capabilities and strategic acquisitions. The report reveals a combined pro forma revenue of $2 billion for 2021. Stagwell emphasizes five transformative approaches to marketing: digital innovation, creative performance, integrated solutions, global expansion, and product innovation via the Stagwell Marketing Cloud. The report illustrates how these strategies position Stagwell as a leader in the digital-first marketing landscape, catering to the evolving needs of clients.

On April 29, 2022, Stagwell (NASDAQ: STGW) launched a monthly newsletter titled "Hitting the Mark," authored by Chairman and CEO Mark Penn. This newsletter aims to provide vital insights for C-Suite leaders on navigating modern business challenges, especially regarding the Russia-Ukraine conflict and inflationary pressures. Leveraging proprietary polling from Stagwell's research firms, the newsletter seeks to empower leaders to enhance brand and organizational resilience during turbulent times.

Stagwell (NASDAQ: STGW) has acquired Brand New Galaxy (BNG), enhancing its e-commerce capabilities for over 150 global brands and 500 e-retailers. This strategic move leverages BNG's expertise in connected commerce, solidifying Stagwell's position in the digital transformation market. With 600 professionals across Europe, MENA, and the U.S., BNG will integrate into the Stagwell Media Network, which now comprises over 3,500 experts and manages nearly $5 billion in media. Terms of the acquisition remain undisclosed, marking a significant milestone in Stagwell's growth trajectory.

Stagwell (NASDAQ: STGW) announced it will report financial results for Q1 2022 on May 6, 2022, before market open. A video webcast to discuss these results will take place at 8:30 AM ET the same day. Registration for the event can be accessed via the provided link. The company aims to transform marketing by delivering creative performance and leveraging technology for its clients across 34+ countries.

Stagwell (NASDAQ: STGW) is launching new marketing campaigns for Wells Enterprises, the largest privately held ice cream manufacturer in the U.S. The campaigns, created by Wolfgang and Observatory, will focus on relaunching Halo Top with Fruit Pops and promoting Blue Bunny's Twist Cones. The aim is to enhance brand awareness and sales through an integrated strategy across various media channels. Wells' VP, Adam Baumgartner, expressed enthusiasm for the new direction, which seeks to appeal to health-conscious consumers. Stagwell will also support ongoing public relations efforts for Blue Bunny.

Stagwell (NASDAQ: STGW) has opened a new global office in Brazil, marking its continued expansion in Latin America. Led by Vinicius Reis, the office aims to enhance growth and collaboration among local agencies and partners. This is Stagwell's second international office opened in 2022, following the Singapore office. Stagwell Brazil will support regional and global clients, leveraging the firm’s extensive agency network across Latin America. The expansion includes partnerships with major content and media networks, indicating a strong commitment to the region.

Stagwell's Forsman & Bodenfors has appointed Eric Zuncic as Global Managing Director, effective end of April 2022. Zuncic, formerly Chief Strategy Officer at DDB, will enhance the agency's focus on creativity and business synergy. He aims to strengthen global operations and client collaboration, leveraging his extensive marketing experience with top brands like Domino's and McDonald's. This strategic appointment is part of Forsman & Bodenfors' effort to deepen client relationships and innovate solutions for complex business challenges.