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| Mark Penn |
Stagwell reported a three percent decline in Q1 revenues to $622M, a performance that CEO Mark Penn said was in line with management’s expectations due to the challenging business environment.
The firm also faced a tough comparison with the year ago quarter in which organic growth surged by 24 percent.
Organic net growth fell three percent during this year’s quarter.The US, which accounts for 80 percent of Stawell’s revenues, reported a 4.6 percent decline in organic growth. Organic growth in the UK (eight percent of revenues) jumped a 10.6 percent.
Stagwell posted a $5M net loss compared to a $33.6M profit in the 2022 period.
CFO Frank Lanuto said Stagwell is beginning to see positive signs, including strong new business wins and improving client conditions.
The company expects to return to double-digit growth in the later quarters of 2023.
Stagwell owns Allison+Partners, SKDK, Hunter, KWT Global and Sloane & Co.
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.
Public Policy Holding Company reports that 4Q '25 revenues surged 27.8 percent to $49.9M. Organic growth rose 5.4 percent.
WPP tops the Financial Times’ list of the biggest stock market losers for 2025. The share price of the owner of Burson and Ogilvy has plummeted 60 percent so far this year.
FTI Consulting handles media for Modivcare Inc., the Denver-based provider of non-emergency healthcare services. as a Texas federal bankruptcy court confirms its Chapter 11 restructuring plan.
