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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.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
Interpublic reported Q2 net revenues dropped 6.6 percent to $2.2B and operating income tumbled 23.4 percent to $243.7M. 
WPP has adopted a gloomier profit and sales forecast due to a deteriorating Q2 financial performance triggered by weak client spending as companies cope with the challenging economic backdrop.
