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.