2023 Annual Report
& Proxy Statement
“Despite a challenging year for marketing services and digital transformation – accentuated by our client mix – Stagwell grew share with some of our largest customers in 2023, took efficient steps in managing our costs and invested in digital innovation to stay ahead of the future of marketing.”
Mark Penn
CEO, Stagwell
Download Stagwell’s
Shareholder Letter and Strategic Report
Mark Penn, Chairman and CEO, charts a vision for Stagwell’s future in our 2023 shareholder letter.
Annual Meeting
Materials
2023
By the Numbers
To learn more about Stagwell, our FY 2023 performance and what it means for the future of our business, visit our Investor Hub.
$2.5B
IN FY23 GAAP REVENUE
while growing share with key customers and investing in digital innovation.
$30M
OF OPERATIONAL EFFICIENCIES REALIZED
ahead of schedule (originally announced at the merger of Stagwell Marketing Group and MDC Partners Inc. in 2021).
$1.3T
ADDRESSABLE MARKET
as Stagwell invests in digital capabilities and innovation.
~$270M
LTM NET NEW BUSINESS
won in FY23; Stagwell invited to a record $1.2 billion of pitch opportunities.
Evolving for the
Frontiers of
Modern Marketing
In tandem with its Annual Report, Stagwell released a showcase of impactful technology work from its agencies and products Code and Theory, Left Field Labs, GALE, Colle McVoy, and ARound in AI and immersive experiences for brands, including award-winning client projects for Google, Tipico, La-Z-Boy, Bomb Pop and Cleveland Cavaliers.
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