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| Mark Penn |
Stagwell registered an eight percent rise in Q1 revenues to $670M and a $1.3M net loss compared to a $1.4M profit last year.
CEO Mark Penn said the firm is “on target for 2024 with a return to growth” based on double-digit growth in its performance media & data capability offering.
“We see tailwinds of record new business growth in advertising generally, and a strengthened market position given growing industry accolades for our work,” said Penn.
He sees growth for its AI-related digital transformation assignments during the second half of the year along with a strong advocacy season.
Penn expects full-year organic growth in the five to seven percent range for the year. Organic growth grew two percent during Q1.
Stagwell owns SKDK, Allison Worldwide, Sloane & Co., KWT Global and Hunter.
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.
