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| Mark Penn |
Stagwell reported Q1 net revenues grew 24 percent to $527M, which CEO Mark Penn said was more than double the pace of legacy holding companies.
His “challenger marketing network” posted $12.7M in net income compared to $4.4M a year ago.
“While the GDP may be contracting, Stagwell is growing strongly. The merger has spurred revenue synergies immediately apparent in the big wins, significant industry awards, and integration of talent and technology across our network,” said Penn.
Stagwell picked up “notable” business wins from Lenovo, Taco Bell, Perdue, Ritz-Carlton and Major League Baseball.
Hunter, KWT Global, SKDK, Allison+Partners and Sloane & Co. are Stagwell’s PR units.
Stagwell’s Q4 revenues grew two percent to $807M while adjusted EBITDA rose three percent to $129M.
WPP CEO Cindy Rose unveiled “Elevate 28,” a strategic plan to simplify the troubled company, which reported a 5.4 percent drop in 2025 revenues to $13.6B.
Omnicom CEO John Wren reported a Q4 $977.2M operating loss, largely due to the $1.1B in severance and repositioning expenses connected to the $13B Interpublic takeover that closed on Nov. 26.
Publicis Groupe reports an 8.8 percent rise in 2025 net revenues to $16.4B with
Public Policy Holding Company today priced its initial public offering at $12.25 per share. The sale of 4,150,000 shares raised $50.8M in gross proceeds.
