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| Mark Penn |
Stagwell CEO Mark Penn reports Q1 revenues fell 2.7 percent to $651.8M, while its net loss rose from $1.3M to $2.9M.
Noting that Q1 is the “low point in the political cycle,” Penn said Stagwell is set up for a strong year ahead.
The firm chalked up double-digit growth in its digital transformation, creativity and marketing cloud capabilities.
Posting $130M in Q1 net new business (PayPal, Panera, CarMax, Celsius and Hyatt), Penn remains “optimistic about our outlook for the rest of the year.”
Stagwell has targeted eight percent net revenue growth for the year.
The company's PR units include SKDK, HUNTER, Allison, KWT Global, and Sloane & Co.
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.
