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| Jay Leveton |
Stagwell Marketing Group reported a 67.5 percent surge in Q4 revenues to $313.1M, sparked by growth in its technology and digital businesses.
Organic revenue growth advanced 29.1 percent to $182.7M.
Jay Leveton, Stagwell's partner, noted the robust financial performance occurred amid “a challenging environment brought on by the pandemic,” which took a toll on the company’s travel and entertainment units.
“As the operating environment improves in 2021, and we accelerate to an even more digital world, we remain uniquely positioned as a disruptor that solves the challenges modern marketers face,” he said in a statement.
Bolstered by the 2020 elections, Stagwell’s communications, public affairs and advocacy group posted a 333.3 percent surge in full-year revenues to $78.9M.
That segment covers activities such as strategic communications through traditional media relations, social media and in-person engagements, as well as utilizing digital channels to mobilize and raise funds from supporters and constituents to support political candidates in issue organizations in the public arena.
It includes SKDKnickerbocker, Targeted Victory and Wye Communications.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
