STAGWELL INC Stock Price, News & Analysis

Stagwell (NASDAQ: STGW) announced enhanced growth targets during its investor presentation, projecting a combined GAAP revenue of $3.4 billion by 2025, up from $3 billion. The company aims for a 7-9% annual organic revenue growth, primarily driven by digital services, which are expected to comprise 65% of total revenue. Additionally, M&A-related revenue targets have been increased to $450 million. The company also revised its 2021 revenue guidance to $2.15B-$2.18B and expects adjusted EBITDA of $370M-$380M.

Stagwell (NASDAQ: STGW) will participate in the RBC Capital Markets Global Technology, Internet, Media, and Telecom Virtual Conference on November 17, 2021. Chairman and CEO Mark Penn will lead a fireside chat from 4-4:30 PM ET. Interested participants can register for the presentation via the provided link.

Stagwell is dedicated to transforming marketing through innovative strategies, connecting creativity with technology to enhance business results.

Stagwell reported a 104.6% increase in GAAP revenue for Q3, reaching $466.6 million, compared to $228.1 million last year. The company recorded a net loss of $2.1 million, a decline from a net income of $17.8 million in the same period last year. Adjusted EBITDA rose 135.8% to $87.5 million. Despite the loss, Stagwell raised its full-year adjusted EBITDA outlook, reflecting strong pro forma organic net revenue growth of 22.8%. Total new business wins amounted to $63.7 million in Q3.

Stagwell (NASDAQ: STGW) will announce its financial results for the third quarter of 2021 on November 3, 2021, prior to market opening. A video webcast to discuss these results is set for the same day at 8:30 AM ET. The webcast will be accessible on Stagwell's official website, with a replay available afterward. Stagwell aims to enhance marketing effectiveness through a combination of creativity and technology, serving clients globally with over 10,000 specialists across more than 30 countries.

Stagwell (NASDAQ: STGW) has announced its fall investor introduction event scheduled for November 8, 2021, at 1 World Trade Center, Manhattan. The event will present topics including Stagwell's strategic direction, key growth engines, and financial outlook. Notable speakers include Chairman and CEO Mark Penn and Former Treasury Secretary Lawrence H. Summers, who will discuss the future of the consumer economy. The event is open for credentialed press registration and will also feature a live video webcast.

On October 18, 2021, PRophet, a Stagwell company trading under the ticker STGW, announced a strategic partnership with PeakMetrics. This collaboration enhances PRophet's access to a broader network of verified journalists across the U.S., UK, Europe, Latin America, and Asia. Utilizing PeakMetrics' AI-driven analytics, PRophet users can better assess their PR efforts. The partnership aims to streamline media relations, providing comprehensive insights for brands and agencies. PRophet's user base has been growing since its launch, indicating strong demand for its innovative platform.

Stagwell (NASDAQ: STGW) has formed a strategic alliance with Serviceplan Group to bolster its global media capabilities, especially in Europe and Asia-Pacific. This partnership allows both companies to combine their strengths and provide enhanced media strategies for international clients. Stagwell brings its marketing technology and expertise, while Serviceplan, as Europe's largest independent media buyer, contributes its extensive local market knowledge. Together, they will manage $10 billion in media and create scalable solutions for a diverse client base.

Stagwell (NASDAQ: STGW) announced that CFO Frank Lanuto will present at the Deutsche Bank 2021 Leveraged Finance Conference on October 5, 2021, at 11 a.m. ET. Investors can register and access a live webcast via this link. Stagwell is focused on combining creativity with technology to enhance marketing effectiveness for its clients globally.