Stagwell Inc. reports developments across a global marketing and advertising network that combines creative services, media, commerce, communications, research, and AI-enabled marketing technology. Company updates commonly cover segment performance in Marketing Services, Digital Transformation, Media & Commerce, Communications, and The Marketing Cloud, along with new business activity, client growth, and investor conference participation.
Recurring news also includes product and platform launches from Stagwell companies such as BERA.ai and The Marketing Cloud, including brand intelligence, agentic AI tools, and marketing workflow automation. Other updates cover public-opinion research from the Harvard CAPS / Harris poll, owned media activity such as ReachTV, leadership appointments, equity inducement awards, and quarterly operating results.
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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.
Stagwell (NASDAQ: STGW) has acquired Apollo Program, an AI-powered SaaS platform focused on consumer insights and marketing strategies. This acquisition marks the first for the Stagwell Marketing Cloud, integrating Apollo's capabilities with Stagwell's existing tools. Apollo enhances data-driven decision-making for marketers by connecting various consumer data points, thereby automating and optimizing campaign processes. The deal aims to strengthen Stagwell's marketing technology offerings, although financial terms of the acquisition remain undisclosed.
Stagwell announced that Moody's Investors Service upgraded its corporate family rating from B2 to B1, reflecting positive operating momentum post-merger and a focus on deleveraging. The profitability of default rating improved to B1-PD from B2-PD, and the senior unsecured notes rating upgraded to B2 from B3. The speculative grade liquidity rating was also enhanced to SGL-2 from SGL-3. The outlook changed to stable from positive. Stagwell will report its financial results for Q2 on August 4, 2022, before market open.
The Harris Poll, a Stagwell company (NASDAQ: STGW), released the "2022 Health Information Trends Survey," revealing that 63% of U.S. adults find the health information they need without consulting healthcare providers. Trust in non-healthcare sources such as internet searches (41% vs. 33% in 2019) and pharma companies (36% vs. 26%) has risen, while trust in primary care and specialists has slightly declined. The survey indicates a growing necessity for consumers to verify health information, reflecting a complex landscape for healthcare communication.
Stagwell, under NASDAQ: STGW, is sponsoring the 2022 Fierce Pharma PR & Communications Summit on July 19-20 in Jersey City, NJ. The event focuses on best practices for life science communicators in the evolving healthcare landscape. Key representatives from The Harris Poll will present insights on pharma reputation and health information trust amid ongoing changes. Kathy Steinberg and other experts will lead discussions on data-driven communication strategies and combating misinformation in healthcare.