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| Mark Penn |
Stagwell reports 4 percent growth in Q1 net revenues to $585M, a performance that was in line with expectations.
It recorded $141M in net new business wins and added assignments from clients such as Google, Adobe and Indeed.
CEO Mark Penn said “Stagwell continues to be on a path for a great 2026, bolstered by record new wins, its first government contracts, and its pivot to delivering agentic applications for the marketing industry.”
He noted that the “digital transformation segment is on a two-year track to accelerating to 22 percent organic net revenue growth as we apply AI to drive industry-leading results for our clients.”
Penn expects full-year net revenue growth will be in the 8 percent to 12 percent range.
Stagwell is the parent company of SKDK, Allison, Hunter 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.
