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| Mark Penn |
Stagwell CEO Mark Penn reported a 16 percent spurt in Q2 organic net growth as revenues advanced 221 percent to $672.9M.
The firm’s digital capabilities accounted for 57 percent of revenues and grew 28 percent organically compared to last year.
Penn said Stagwell is now recognized as “a serious alternative to legacy incumbents” due to its unique mix of digital and creative expertise,
“We are now a regular contender in many of the largest global pitches,” he added.
Penn is bullish on the second half of 2022 as its Stagwell’s “advocacy businesses prepare for a record cycle of US political advertising spend and our year-over-year comparisons ease.”
Stagwell expects full-year organic growth will fall into the 18 percent to 22 percent range.
SKDK, Sloane & Co., Allison+Partners, KWT Global and Hunter are Stagwell’s PR properties.
WPP chief Cindy Rose is cutting up to 1,000 jobs by the end of the year, adding to the 11K jobs lost since the start of 2025, according to a report in the Financial Times.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
