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| Mark Penn |
Stagwell Inc today reported Q4 revenues jumped 95.5 percent to $611.9M while full-year results improved 65.5 percent to $1.5B as the firm completed the integration of MDC Partners on Aug. 2.
CEO Mark Penn called 2021 a “breakthrough year” for Stagwell as the firm’s performance was driven by “tailwinds” across its digital capabilities and a slew of new business wins.
Stagwell posted pro-forma organic net revenue group growth of 14.5 percent during 2021.
Penn is projecting 18 percent to 22 percent pro-forma revenue growth this year as its advocacy unit expects record spending for the midterm US elections.
Stagwell owns KWT Global, Allison+Partners, SKDK, Hunter and Sloane & Co.
The company’s stock trades on the NASDAQ at $7.40 per share. It traded in the $11.04 and $2.82 range during the past 52 weeks.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
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.
