Financial Data and Key Metrics Changes - The company reported revenue of $671 million for Q2 2024, representing a 6% increase compared to the same period last year [14][15] - Adjusted EBITDA for the quarter was $86 million, reflecting a 15.5% margin on net revenue [21] - Net new business reached a record $113 million in the quarter, approximately 31% higher than the previous high for the prior 11 quarters [15][19] Business Line Data and Key Metrics Changes - Advocacy grew by 42% year-over-year, generating $72 million in revenue [16][18] - Creativity and Communications revenue increased by 9% to $317 million, with notable growth in consumer products and retail sectors [16][18] - Stagwell Marketing Cloud revenue rose by 13% year-over-year to $65 million, driven by Advocacy and travel media business [18] Market Data and Key Metrics Changes - U.S. revenue grew by 7% in Q2 2024, supported by strong performance in Advocacy and Creativity [18] - International revenue increased by 3% year-over-year, with expansion in the Middle East and Latin America [18] Company Strategy and Development Direction - The company is positioning itself as a challenger holding company, focusing on larger client assignments and expanding its global footprint [4][8] - Plans to integrate a Demand-Side Platform (DSP) and Supply-Side Platform (SSP) to enhance media placement flexibility [8] - Significant expansion into the Middle East with acquisitions aimed at enhancing social media capabilities [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving or exceeding guidance for the year, citing a strong pipeline of new business and a favorable political landscape [3][4] - The company anticipates over 50% growth year-over-year in Advocacy due to increased voter engagement [5][6] - Management expects a significant ramp-up in digital transformation projects as AI initiatives gain traction [6][29] Other Important Information - The company is investing approximately $20 million per quarter in growth initiatives, which are yielding larger wins [7][19] - A successful Cannes initiative hosted over 7,400 participants, enhancing the company's market presence [7][8] - The company is focused on maintaining a staffing to net revenue ratio of 60% to 65% throughout the year [21] Q&A Session Summary Question: What is driving Stagwell's success in larger engagements? - Management noted that Stagwell is increasingly recognized as a challenger holding company, leading to larger opportunities [26] Question: When will big wins positively impact revenue? - Management indicated that many wins will come online in Q3, with significant contracts expected to contribute to revenue growth [27] Question: Is there increased activity in political ad spending? - Management reported a 20% to 30% increase in political ad spending due to heightened voter engagement [28] Question: What trends are seen in digital transformation? - Management highlighted that tech companies are beginning to invest significantly in AI, which is expected to drive digital transformation projects [29][30] Question: What are the promising revenue opportunities in the Stagwell Marketing Cloud? - Management emphasized the rollout of research products and AI-based analysis as key revenue opportunities [31][32] Question: What gives confidence in organic revenue growth acceleration in the second half? - Management cited a flood of business wins, media margin loading, and political season dynamics as key drivers for growth [34]

Enhancing the effectiveness of Pipedrive's performance media efforts was at the heart of the brief. Assembly developed an integrated approach that empowers Pipedrive to supercharge its marketing and media effectiveness through innovative data utilisation and digital transformation, as it continues its mission to be the leading AI sales CRM for small businesses. Assembly is committed to supporting Pipedrive's mission of helping more small businesses grow around the world. Dominic Allon, CEO of Pipedrive, sai ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.001 per share STGW NASDAQ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ ...

Stagwell (STGW) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -17.65%. A quarter ago, it was expected that this marketing communications company would post earnings of $0.16 per share when it actually produced earnings of $0.16, delivering no surprise. Over the last four quarters, t ...

` FOR IMMEDIATE ISSUE STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 Revenue Growth of 6%, Led by 42% Growth in Advocacy Net Loss Attributable to Stagwell Inc. Common Shareholders of $3 million Adjusted EBITDA of $86 million; Adjusted EBITDA Margin of 16% EPS of $(0.03); Adjusted EPS of $0.14 Announces Record Net New Business Led by Largest New Business Win Net New Business of $113 million in Q2; LTM Net New Business of $324 million Reaf irm Guidance for 2024 o ...

KAMALA HARRIS ENJOYS A 9 POINT JUMP IN FAVORABILITY FOLLOWING HER ANOINTMENT AS THE FRONTRUNNER DEMOCRATIC CANDIDATE Both Trump and Harris have benefited from a jump in favorability due to these events, now tied at 48% and 47% favorability, respectively. Nevertheless, with 24% of voters saying they could change their mind, the matchup is highly competitive. HARRIS RE-ENERGIZES DEMOCRATS Biden's approval rating remains low at 42%, up 2 points from June. 54% of voters say they approve of the job Trump did as ...

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. Zacks Consensus Estimate This marketing communications company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +6.3%. Investors should keep in mind that the direction of estimate revision ...

A Stagwell (STGW) Company "The goal of the creative department is to make our clients proud and make their competitors jealous." "As we reflect on Yamamoto's 45-year history, we're grateful for the groundwork laid by Seitz, Yamamoto and Moss," said Kathy McCuskey, CEO of Yamamoto. "We're a curious, creative and courageous group, proud to be carrying forward such a powerful creative legacy. Yamamoto wouldn't be what it is today without the foundation of their talent and visionary leadership. We look forward ...

NEW YORK and TEL AVIV, Israel, July 24, 2024 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, has acquired Tel Aviv-based LEADERS, a world-class digital agency specializing in influencer marketing and social commerce and the development of InfluencerMarketing.AI (IMAI), a global influencer marketing SaaS platform. The company joins Stagwell Marketing Cloud's PRophet Comms Tech Suite of AI-powered offerings purpose-built for modern PR and marketing professionals. ...

The integration of BERA into Harris Quest will offer clients unparalleled access to predictive brand analytics and direct brand-to-business™ correlation, enabling them to make data-driven decisions with greater precision around the world. With over 4,000 global brands, BERA's platform, known for its sophisticated AI-driven insights, will complement Harris Quest's existing suite of tools, including QuestBrand, QuestDIY, QuestPRO, QuestCX, QuestIC, and QuestAI. Advanced Predictive Analytics: Leveraging BERA's ...