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Sarah Arvizo
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TWO-THIRDS OF VOTERS WANT BIDEN TO SUPPORT ISRAEL RATHER THAN PULL BACK

TRUMP CONTINUES TO LEAD BIDEN IN NATIONAL HORSE RACE

63% OF VOTERS SAY THEY NEED A GUN FOR THEIR OWN SECURITY HIGHLIGHTING RISING CRIME FEARS

NEW YORK and CAMBRIDGE, Mass., Nov. 20, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW) today released the results of the November Harvard CAPS / Harris poll, a monthly collaboration between the Center for American Political Studies at Harvard (CAPS) and the Harris Poll and HarrisX.

President Joe Biden’s approval rating rises slightly to 45% with slight upticks in positive economic sentiment. Israel and Biden’s policy on the war continue to receive strong support as 80% of voters side with Israel over Hamas and 58% approve of Biden’s policies. The poll also covers public opinion on abortion, crime and the 2024 horse race. Download key results here.

“It is easy to lose sight of how much support there really is among American voters for Israel and for President Biden staying strongly pro-Israel – although misinformation on Israel and Hamas remains prevalent, especially among younger people,” said Mark Penn, Co-Director of the Harvard CAPS / Harris poll and Stagwell Chairman and CEO. “Biden’s Israel policy could help him pick up swing voters, while the Democrats continue to win elections on abortion since they come across to swing voters as the party of personal freedom on this issue.”

ECONOMIC OUTLOOK TICKS UP SLIGHTLY

  • 42% of voters think the U.S. economy is strong today, the highest since February 2023.
  • 30% say their personal financial situation is improving, up 6 points since July.
  • 47% are optimistic about their life in the next year, up 4 points since last month.

ISRAEL CONTINUES TO RECEIVE MAJORITY SUPPORT

  • 80% of voters support Israel over Hamas (ages 18-24: 55%; ages 65+: 95%).
  • 61% of voters support Israel continuing until Hamas is defeated and the hostages are released (ages 18-24: 51%; ages 65+: 81%).
  • 78% of voters support Israel calling for 4-hour partial ceasefires each day, but 51% did not know about these ceasefires (ages 18-24: 59% support, 64% did not know).

VOTERS CONTINUE TO APPROVE OF BIDEN’S ISRAEL POLICY

  • 66% of voters think Biden should support Israel rather than pull back (ages 18-24: 39%; ages 65+: 84%).
  • 65% of voters favor the $14 billion aid package to Israel (ages 18-24: 57%; ages 65+: 75%).
  • 63% of voters think Biden is doing enough to protect Palestinian civilians (ages 18-24: 46%; ages 65+: 64%).

MISINFORMATION ON HAMAS AND ISRAEL’S LEVELS OF FREEDOM AND TOLERANCE REMAINS SIZABLE AMONG YOUNG VOTERS

  • 81% of voters think Hamas uses civilians as human shields (ages 18-24: 68%; ages 65+: 95%).
  • 78% of voters believe Hamas is an authoritarian ruler (ages 18-24: 59%; ages 65+: 96%).
  • 69% of voters believe Israel a democracy (ages 18-24: 56%; ages 65+: 84%).
  • 51% of 18-24-year-old voters think Israel allows gay people to live together openly; 45% think Hamas allows the same.

6-WEEK ABORTION BAN IS NOT POPULAR

  • 59% of voters say women should have the sole right to decide whether to have an abortion for any reason up to 6 weeks of pregnancy.
  • When asked about the prospect of federal abortion legislation, 39% of voters think Congress should pass a law guaranteeing access similar to Roe v. Wade; 35% want Congress not to pass any law; only 27% want a Congressional law restricting abortion to 6 weeks or less.

AMERICANS WANT MORE LAW ENFORCEMENT AS CRIME CONCERN STAYS HIGH

  • 63% of voters think you need to have a gun today in case you’re attacked by criminals – including 54% of Democrats.
  • 83% of voters across the political spectrum think shoplifting laws should be strictly, not more laxly, enforced.

TRUMP STILL LEADS PRIMARY AND GENERAL MATCHUPS DESPITE LOOMING CONVICTION THREATS

  • Trump continues to lead the GOP primary field with 67% support and the general election match-up against Biden by 6 points.
  • Voters are split 50-50 on whether Trump will be convicted or not; 89% of Trump primary supporters say they would vote for him even if he were convicted of a crime.
  • But the Trump vote may be softer than people think: 63% of Trump primary supporters say they have at least some chance of ending up voting for someone else.

The November Harvard CAPS / Harris poll survey was conducted online within the United States on November 15-16, 2023, among 2,851 registered voters by The Harris Poll and HarrisX. Follow the Harvard CAPS Harris Poll podcast at https://www.markpennpolls.com/ or on iHeart Radio, Apple Podcasts, Spotify, and other podcast platforms. 

About The Harris Poll & HarrisX
The Harris Poll is a global consulting and market research firm that strives to reveal the authentic values of modern society to inspire leaders to create a better tomorrow. It works with clients in three primary areas: building twenty-first-century corporate reputation, crafting brand strategy and performance tracking, and earning organic media through public relations research. One of the longest-running surveys in the U.S., The Harris Poll has tracked public opinion, motivations, and social sentiment since 1963, and is now part of Stagwell, the challenger holding company built to transform marketing.

HarrisX is a technology-driven market research and data analytics company that conducts multi-method research in the U.S. and over 40 countries around the world on behalf of Fortune 100 companies, public policy institutions, global leaders, NGOs and philanthropic organizations. HarrisX was the most accurate pollster of the 2020 U.S. presidential election.

About the Harvard Center for American Political Studies
The Center for American Political Studies (CAPS) is committed to and fosters the interdisciplinary study of U.S. politics.  Governed by a group of political scientists, sociologists, historians, and economists within the Faculty of Arts and Sciences at Harvard University, CAPS drives discussion, research, public outreach, and pedagogy about all aspects of U.S. politics. CAPS encourages cutting-edge research using a variety of methodologies, including historical analysis, social surveys, and formal mathematical modeling, and it often cooperates with other Harvard centers to support research training and encourage cross-national research about the United States in comparative and global contexts. More information at https://caps.gov.harvard.edu/.

CONTACT: 
Sarah Arvizo
pr@stagwellglobal.com 

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Stagwell to Host Content Studio Interviews, Exhibition Floor Tours and Inspiration Sessions

NEW YORK and LAS VEGAS, Nov. 14, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, returns to CES 2024 hosted by the Consumer Technology Association (CTA)®, taking place Jan. 9-12, 2023, in Las Vegas. Stagwell experts and client partners will discuss transforming marketing through impactful technology across a variety of activations at the annual expo, with a special focus on the impact of artificial intelligence and immersive experiences on creativity and business.

“As we move out of the ‘year of efficiency’ that characterized 2023, we expect 2024 to be the ‘year of competition’ as Big Tech companies roll out unprecedented  innovation accelerated by artificial intelligence,” said Stagwell Chairman and CEO Mark Penn. “At Stagwell we’re building the runway for AI-based marketing transformation via product innovation, strategic tech partnerships, and creative storytelling that will drive an especially wondrous cycle for consumers.”

  • Content Studio: Stagwell is again producing exclusive interviews with senior brand executives, focused on the technologies they expect to spark the greatest transformation in advertising and marketing this year. The 15-minute 1:1 sessions will take place in Stagwell’s onsite content studio in booth GL-03 (across from Starbucks) in the Grand Lobby of the Las Vegas Convention Center (LVCC). 
  • Floor Tours: Brand executives are invited to attend 90-minute tours spanning the North and Central Halls of the LVCC, hosted by technology experts from across Stagwell. Attendees will hear expert evaluations of the products and services unveiled at CES that will have the biggest impact on brands and marketing opportunities in the year to come.
  • Inspiration Sessions: Brands interested in learning more about how Stagwell can help marketers address their biggest business challenges can participate in personalized briefings, being held in the Joshua Meeting Rooms at the ARIA.

If you’re a senior brand executive interested in participating in a Content Studio interview or attending a floor tour, please email ces2024@stagwellglobal.com for further information as space is limited.

If you’re a journalist interested in connecting with Mark Penn, Stagwell corporate leaders, or executives from Stagwell agencies in attendance, please email pr@stagwellglobal.com.

About Stagwell
Stagwell (NASDAQSTGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

Media Contact
Sarah Arvizo
pr@stagwellglobal.com

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Beth Sidhu

Beth.sidhu@stagwellglobal.com

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NEW YORK, Nov. 13, 2023 /PRNewswire/ — Stagwell Inc. (NASDAQ: STGW) (the “Company”) announced today the grant of equity inducement awards. Effective November 10, 2023, the Company granted a total of 70,111 restricted stock units to eight new employees. Each restricted stock unit represents the right to receive one share of the Company’s Class A common stock. The restricted stock units will vest in two installments, with one-third vesting on the second anniversary of the grant date and two-thirds vesting on the third anniversary of the grant date. The restricted stock units are subject to accelerated vesting upon (i) termination of employment by the Company without Cause or (ii) death or disability. The Company granted these awards as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4).

For more information on Stagwell, please visit www.stagwellglobal.com

About Stagwell

Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

Contact

Beth Sidhu

Beth.sidhu@stagwellglobal.com

202-423-4414

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SIGN UP FOR OUR INSIGHTS BLASTS

The holiday swirl is in full swing, and just as consumers fine-tune their wish lists, brands and retailers are thinking about how they can market and promote during the busiest time of year. One key insight from GALE retail media director Dan Maguire: the key to staying on consumers’ nice, not naughty lists this season is unifying AI services, retail media platforms, and shopper experiences. 

Dive into this edition of The Well to learn more about this year’s holiday landscape, from how much consumers expect to spend on big days like Black Friday, to how social storefronts are becoming the preferred point-of-sale for multiple generations of consumers. 

— Beth Sidhu, Chief Brand and Communications Officer

Smart Spending & Spirited Selling 

It’s not enough to promote holiday deals; brands and retailers must take a more inquisitive approach and understand consumer behaviors and the economy. According to Allison’s “2023 Holiday Retail Landscape,” consumers have set budget limitations this holiday season, with 49% planning to spend less than $1,000. However, retailers should still expect an uptake in sales compared to 2022. Read the report to discover why a “back to the basics” approach will serve brands best this year. 

Pumpkin Spice & Everything Nice 

Does Mariah Carey kick off the holiday season, or does it happen earlier, when Pumpkin Spice lattes hit the shelves? It’s tough to say, but one thing is for certain: the flavor has cornered the market and culture year after year. Stagwell Marketing Cloud leveraged proprietary data from its Harris Quest brand tracking platform to discover the public’s true feelings about the iconic fall flavor (hint:85% still love it), and how brands should look to the pumpkin spice phenomenon as a model for making a lasting impression among consumers. Read the report.

Staying on Trend & Standing Out 

It’s out with the old and in with the new. Traditional shopping perks are still effective, but evolving consumer preferences point to new purchasing incentives, according to research by The Harris Poll and Nogin. Consumers want their shopping experience personalized – email promos and brand recommendations – all tailored to their specific wants and needs. Learn more about what consumers are looking for before they hit “buy” here.

Transforming Marketing This Holiday Season

Social media has encapsulated consumer shopping habits, so it’s up to brands to come up with clever ways to stand out and stay on target. Assembly’s “Influencer Marketing: Holiday Trend Report” captures top trends and considerations for planning your approach to holiday campaigns. Explore different ways brands can leverage influencers and nail consumer messaging here.   

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NEW YORKNov. 9, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced a unique partnership with Google Cloud and SADA, a Google Cloud Premier Partner, to develop generative AI (gen AI) marketing solutions that support Stagwell agencies, client partners, and product development within the Stagwell Marketing Cloud (SMC).

Through this collaboration, SMC will build AI-based tools for modern marketers and receive development support from Google Cloud as a strategic cloud and AI provider. This work will greatly enhance SMC’s ability to identify, develop, and infuse AI capabilities into all of its products. SMC will leverage Google Cloud’s gen AI solutions including Vertex AI, Duet AI, and other advanced tools to create new solutions, initially spanning the following areas to help customers:

  • Transform brand campaigns: Develop go-to-market programs for brands supported by gen AI, specifically with SMC’s Media Studio Audience Identification, PRophet Monitor, and PR applications.
  • Accelerate gen AI solution development: Develop solutions that drive market-leading initiatives, such as translation services for market research and survey solutions, and an AI agent-to-agent service. 
  • Harness data analytics and insights: Develop and train a proprietary Stagwell large language model (LLM) purpose-built for Stagwell clients; productize data assets via APIs to create new digital experiences for brands, and multiply the value of their first-party data ecosystems to drive new revenue streams using Vertex AI and open source-based models.

Additionally, SMC plans on releasing its solutions on Google Cloud Marketplace in the future, scaling access to Stagwell’s marketing-focused AI-enabled product suite.

The partnership comes as artificial intelligence is poised to help transform a diverse range of popular consumer segments such as automotive, entertainment, financial, hospitality, retail and more, driving operational efficiencies, marketing transformation, and customer experience innovation for digital companies worldwide. For Stagwell, the collaboration with Google Cloud adds a trusted technology partner who can accelerate the company’s ability to identify, build, and scale AI products. 

“Partnering with Google Cloud is an opportunity to strengthen our SMC offering and engage with some of the best technology professionals as we build, test, and scale our gen AI products. This partnership gets market-shifting technology to our client partners faster than ever,” said Mark Penn, Chairman and CEO, Stagwell. “As we work to lead the AI-based transformation of marketing, we’re excited to partner with Google Cloud and SADA to chart the future on AI.”

“Through Stagwell’s collaboration with Google Cloud, brands can gain competitive access to the transformative power of gen AI, accelerating the development of customer-centric marketing campaigns with enhanced data analysis and automation,” said Caroline Yap, Managing Director, Global AI Business, Google Cloud. “This partnership exemplifies Google Cloud’s commitment to getting cutting edge technology into the hands of customers through its easy-to-deploy, scalable, and secure AI solutions.”  

“At Stagwell and in the Stagwell Marketing Cloud, we are laser-focused on reinventing the marketing technology stack with AI-infused products and solutions,” said Merrill Raman, Global Chief Technology Officer, Stagwell. “With rich proprietary data and insights from our in-depth knowledge in core marketing disciplines, we are eager to work with Google Cloud and develop purpose-built gen AI models and tools that drive value for our clients, and help them win in the marketplace.”

“SADA is proud to be Stagwell’s trusted advisor on their gen AI and cloud transformation journey. We’re thrilled to be a part of this exciting partnership working with a visionary company like Stagwell that is leading with technology to help take their businesses to a completely unprecedented level,” said Tony Safoian, President & CEO, SADA.

About Stagwell

Stagwell (NASDAQ: STGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

About Stagwell Marketing Cloud 

Stagwell Marketing Cloud (SMC) is a marketing-focused, AI-enablement platform built for the modern in-house marketer. Born out of Stagwell’s (NASDAQ: STGW) network of award-winning marketing agencies, SMC’s technology empowers marketers to drive business impact by giving them intuitive tools equipped with proprietary, actionable data. SMC’s portfolio of solutions powers strategic customer research, communications, and media activation for brands worldwide by leveraging technology such as generative artificial intelligence, shared augmented reality, and more. Get your head in the cloud at www.stagwellmarketingcloud.com

About SADA Systems      

SADA is a market leader in professional services and an award-winning solutions provider of Google Cloud. Since 2000, SADA has been committed to helping customers in healthcare, media, entertainment, retail, manufacturing, and the public sector solve their most complex challenges so they can focus on achieving their boldest ambitions. With offices in North America, India, and Armenia providing sales and customer support teams, SADA is positioned to meet customers where they are in their digital transformation journey. SADA is a 6x Google Cloud Partner of the Year award winner with 10 Google Cloud Specializations and has been recognized as a Niche Player in the 2023 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services. SADA is a 15x honoree of the Inc. 5000 list of America’s Fastest-Growing Private Companies and has been named to Inc. Magazine’s Best Workplaces four years in a row. Learn more at www.sada.com.

Media Contact:
Sarah Arvizo
pr@stagwellglobal.com 

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Stagwell Sees Strong Growth in Stagwell Marketing Cloud Group and Performance Media Capabilities; International Revenue Growth of 24% in Q3

Posted $81 million of net new business in Q3; LTM net new business exceeds $250 million

Completed sale of non-core ConcentricLife for $245 million

Revenue of $618 million; Net revenue of $535 million

Net Income of $3 million; Adjusted EBITDA of $102 million

Expects 2023 Adjusted EBITDA of $390 to $410 Million 

NEW YORK, Nov. 2, 2023 /PRNewswire/ — (NASDAQ: STGW) — Stagwell Inc. (“Stagwell”) today announced financial results for the three and nine months ended September 30, 2023.

THIRD QUARTER AND NINE MONTHS HIGHLIGHTS:

  • Q3 revenue of $618 million, a decrease of 7% versus the prior year period; YTD revenue of $1,872 million, a decrease of 5% versus the prior year period
  • Q3 net revenue of $535 million, a decrease of 4% versus the prior period; YTD net revenue of $1,596 million, a decrease of 3% versus the prior year period
  • Q3 organic net revenue declined 7% versus the prior year period and 5% ex-Advocacy; YTD organic net revenue declined 6% versus the prior year period and 4% ex-Advocacy
  • Q3 net revenue from international increased 25%, led by increases of 30% in EMEA, 18% in LATAM and 12% in APAC
  • Q3 revenue from the Stagwell Marketing Cloud Group capability increased 7%, and net revenue increased 20%
  • Q3 revenue from the Performance Media & Data capability increased 8%, and net revenue increased 11%
  • Q3 net income of $3 million versus net income of $35 million in the prior year period; YTD net loss of $12 million versus net income of $93 million in the prior year period
  • Q3 net income attributable to Stagwell Inc. common shareholders of $653 thousand versus net income of $11 million in the prior year period; YTD net loss attributable to Stagwell Inc. common shareholders of $4 million versus net income of $34 million in the prior year period
  • Q3 Adjusted EBITDA of $102 million, a decrease of 12% versus the prior year period; YTD Adjusted EBITDA of $265 million, a decrease of 19% versus the prior year period
  • Q3 Adjusted EBITDA Margin of 19% on net revenue, an increase of 210 basis points sequentially; YTD Adjusted EBITDA Margin of 17% on net revenue
  • Q3 earnings per share attributable to Stagwell Inc. common shareholders of $0.003
  • Q3 Adjusted earnings per share attributable to Stagwell Inc. common shareholders of $0.18; YTD Adjusted earnings per share of $0.45
  • Q3 net new business of $81 million; YTD net new business of $209 million

“Stagwell achieved over $100 million of EBITDA in Q3 and is on course to return to growth over the next two quarters as new business continues to flow in and the tech industry pauses and auto and entertainment strikes which have impacted this sector are ebbing,” said Mark Penn, Chairman and CEO, Stagwell. “We are already growing in key areas like media and international and made adjustments to again achieve a 19% margin on net revenue.”

“We have trimmed our costs, implemented new systems, reordered our portfolio, and are ready for a strong 2024 as the political cycle kicks in again and as we introduce our cutting-edge AI products within the Stagwell Marketing Cloud. Our disposition of a single non-core asset for $245 million, which has now closed, both improves our balance sheet and readies the company for further growth and expansion through prudent investment.”

Frank Lanuto, Chief Financial Officer, commented: “In the face of continued sector-wide headwinds, we took decisive measures to reduce costs to align with our revenue which resulted in a third quarter adjusted EBITDA margin of 19 percent, in line with our targeted operating range. Continued progress with our initiatives to standardize and centralize our cost structure to the shared services platform will be accretive to margins over the next several quarters. The sale of ConcentricLife will serve to reduce net debt and will support our goal of strengthening the balance sheet and reducing financial leverage.

Financial Outlook

2023 financial guidance is as follows:

  • Organic Net Revenue decline of about 4%
  • Organic Net Revenue excluding Advocacy decline of about 2.5%
  • Adjusted EBITDA of $390 million  $410 million
  • Free Cash Flow Conversion of 40% – 50%
  • Adjusted EPS of $0.73  $0.78
  • Guidance assumes no impact from foreign exchange, acquisitions or dispositions.
* The Company has excluded a quantitative reconciliation with respect to the Company’s 2023 guidance under the “unreasonable efforts” exception in Item 10(e)(1)(i)(B) of Regulation S-K. See “Non-GAAP Financial Measures” below for additional information.
On October 2, 2023, the Company acquired 100% of the membership interest of Left Field Labs, LLC, a digital experience design and strategy company, for approximately $9.4 million in cash, and 825,402 shares of Class A Common Stock, par value $.001 per share (the “Class A Common Stock”), subject to post-closing adjustments. In connection with the agreement, the previous owners are entitled to contingent consideration up to a maximum value of $51.0 million, subject to continued employment and meeting certain future earnings targets, of which a portion may be settled in shares of Class A Common Stock at the Company’s discretion.

On October 31, 2023, the Company completed the sale of its integrated healthcare marketing agency and pharmaceutical commercialization platform, ConcentricLife, for $245 million in cash.

On November 1, 2023, the Company acquired Movers and Shakers LLC, a business that provides social media marketing solutions, for approximately $15 million, to be paid in cash or up to 30% in shares of Class A Common stock, subject to post-closing adjustments. In connection with the agreement, the previous owners are entitled to contingent consideration up to a maximum value of $35 million, subject to meeting certain future earnings targets, of which a portion may be settled in shares of Class A Common Stock at the Company’s discretion.

Video Webcast

Management will host a video webcast on Thursday, November 2, 2023, at 8:30 a.m. (ET) to discuss results for Stagwell Inc. for the three and nine months ended September 30, 2023. The video webcast will be accessible at https://stgw.io/Q3Earnings. An investor presentation has been posted on our website at www.stagwellglobal.com and may be referred to during the webcast.

A recording of the webcast will be accessible one hour after the webcast and available for ninety days at www.stagwellglobal.com.

Stagwell Inc.

Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

Contacts

For Investors: 
Ben Allanson
Ir@stagwellglobal.com

For Press:
Beth Sidhu
Pr@stagwellglobal.com

Non-GAAP Financial Measures

In addition to its reported results, Stagwell Inc. has included in this earnings release certain financial results that the Securities and Exchange Commission (SEC) defines as “non-GAAP Financial Measures.” Management believes that such non-GAAP financial measures, when read in conjunction with the Company’s reported results, can provide useful supplemental information for investors analyzing period to period comparisons of the Company’s results. Such non-GAAP financial measures include the following:

(1) Organic Revenue: “Organic revenue growth” and “Organic revenue decline” refer to the positive or negative revenue results, respectively, of subtracting the impact of foreign exchange and acquisition (disposition) from total revenue growth. The impact of foreign currency represents the period-over-period change in revenue driven by the fluctuation of foreign exchange rates between such periods and is calculated as the difference between prior period revenue reported and prior period revenue converted utilizing the current period foreign exchange rates. The impact of acquisitions is calculated as follows (a) for entities purchased in the current year, prior year revenue of the acquired entity beginning on the acquisition date, as if we acquired the entity in the prior year, through the end of the reported period and (b) for entities purchased in the prior year, prior year revenue of the acquired entity as if we acquired the entity at the beginning of the reported period through the date of acquisition (prior year revenue for the period we did not own the acquired entity). The impact of divestitures is calculated as the prior year revenue of the disposed entity from the date of disposition, as if the entity was disposed of in the prior year, to the end of the reporting period. “Net Organic revenue growth” and “Net Organic revenue decline” also excludes the impact of Billable costs in analyzing Organic revenue growth (decline) as these costs and their fluctuations are not indicative of the operating performance of our underlying business.

(2) Net New Business: Estimate of annualized revenue for new wins less annualized revenue for losses incurred in the period.

(3) Adjusted EBITDA: defined as Net income excluding non-operating income or expense to achieve operating income, plus depreciation and amortization, stock-based compensation, deferred acquisition consideration adjustments, and other items. Other items include restructuring costs, acquisition-related expenses, and non-recurring items.

(4) Adjusted Diluted EPS is defined as (i) Net income (loss) attributable to Stagwell Inc. common shareholders, plus net income attributable to Class C shareholders, excluding amortization expense, impairment and other losses, stock-based compensation, deferred acquisition consideration adjustments, discrete tax items, and other items, divided by (ii) (a) the per weighted average number of common shares outstanding plus (b) the weighted average number of Class C shares outstanding, (if dilutive). Other items includes restructuring costs, acquisition-related expenses, and non-recurring items, and subject to the anti-dilution rules.

(5) Free Cash Flow: defined as Adjusted EBITDA less capital expenditures, change in net working capital, cash taxes, interest, and distributions to minority interests, but excludes contingent M&A payments.

(6) Financial Guidance: The Company provides guidance on a non-GAAP basis as it cannot predict certain elements which are included in reported GAAP results.

Included in this earnings release are tables reconciling reported Stagwell Inc. results to arrive at certain of these non-GAAP financial measures.

This document contains forward-looking statements. within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company’s representatives may also make forward-looking statements orally or in writing from time to time. Statements in this document that are not historical facts, including, statements about the Company’s beliefs and expectations, future financial performance and future prospects, business and economic trends, potential acquisitions, and estimates of amounts for redeemable noncontrolling interests and deferred acquisition consideration, constitute forward-looking statements. Forward-looking statements, which are generally denoted by words such as “anticipate,” “assume,” “believe,” “continue,” “could,” “create,” “estimate,” “expect,” “focus,” “forecast,” “foresee,” “future,” “guidance,” “intend,” “look,” “may,” “opportunity,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” or the negative of such terms or other variations thereof and terms of similar substance used in connection with any discussion of current plans, estimates and projections are subject to change based on a number of factors, including those outlined in this section.

Forward-looking statements in this document are based on certain key expectations and assumptions made by the Company. Although the management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The material assumptions upon which such forward-looking statements are based include, among others, assumptions with respect to general business, economic and market conditions, the competitive environment, anticipated and unanticipated tax consequences and anticipated and unanticipated costs. These forward-looking statements are based on current plans, estimates and projections, and are subject to change based on a number of factors, including those outlined in this section. These forward-looking statements are subject to various risks and uncertainties, many of which are outside the Company’s control. Therefore, you should not place undue reliance on such statements. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of them in light of new information or future events, if any.

Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Such risk factors include, but are not limited to, the following:

  • risks associated with international, national and regional unfavorable economic conditions that could affect the Company or its clients;
  • the continued impact of the coronavirus pandemic (“COVID-19”), and evolving strains of COVID-19 on the economy and demand for the Company’s services, which may precipitate or exacerbate other risks and uncertainties;
  • inflation and actions taken by central banks to counter inflation;
  • the Company’s ability to attract new clients and retain existing clients;
  • the impact of a reduction in client spending and changes in client advertising, marketing and corporate communications requirements;
  • financial failure of the Company’s clients;
  • the Company’s ability to retain and attract key employees;
  • the Company’s ability to compete in the markets in which it operates;
  • the Company’s ability to achieve its cost saving initiatives;
  • the Company’s implementation of strategic initiatives;
  • the Company’s ability to remain in compliance with its debt agreements and the Company’s ability to finance its contingent payment obligations when due and payable, including but not limited to those relating to redeemable noncontrolling interests and deferred acquisition consideration;
  • the Company’s ability to manage its growth effectively, including the successful completion and integration of acquisitions that complement and expand the Company’s business capabilities;
  • the Company’s ability to develop products incorporating new technologies, including augmented reality, artificial intelligence, and virtual reality, and realize benefits from such products;
  • an inability to realize expected benefits of the combination of the Company’s business with the business of MDC Partners Inc. (the “Transactions”) and other completed, pending, or contemplated acquisitions;
  • adverse tax consequences in connection with the Transactions for the Company, its operations and its shareholders, that may differ from the expectations of the Company, including that future changes in tax law, potential increases to corporate tax rates in the United States and disagreements with the tax authorities on the Company’s determination of value and computations of its attributes may result in increased tax costs;
  • the occurrence of material Canadian federal income tax (including material “emigration tax”) as a result of the Transactions;
  • the Company’s unremediated material weaknesses in internal control over financial reporting and its ability to establish and maintain an effective system of internal control over financial reporting;
  • the Company’s ability to protect client data from security incidents or cyberattacks;
  • economic disruptions resulting from war and other geopolitical tensions (such as the ongoing military conflict between Russia and Ukraine), terrorist activities and natural disasters;
  • stock price volatility; and
  • foreign currency fluctuations.

Investors should carefully consider these risk factors, other risk factors described herein, and the additional risk factors outlined in more detail in our 2022 Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on March 6, 2023, and accessible on the SEC’s website at www.sec.gov, under the caption “Risk Factors,” and in the Company’s other SEC filings.

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Social-First Agency Driving Brand Awareness and Equity with Gen Z and Millennials Joins Constellation Network

NEW YORK, Nov. 2, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, has acquired Movers+Shakers, the award-winning disruptive creative agency connecting brands to culture. The agency will join Stagwell’s Constellation network of agencies, which includes 72andSunny, Instrument, The Harris Poll, and others. Dubbed, “The TikTok whisperers,” Movers+Shakers has quickly become the go-to agency for brands looking to push into new frontiers via mainstream and emerging social media platforms, with 250 billion campaign views to date. New business momentum includes 21 new clients in 2023, including being named social media and culture agency of record for Tinder, and creative and culture agency of record for Elemis.


“With their fluency of platforms, the team at Movers+Shakers has proven itself to be the foremost authority when it comes to helping brands create cultural relevance with Gen Z and millennials,” said Justin Lewis, chair, Constellation. “Their penchant for innovation goes hand in hand with our challenger mindset, and will be a boon for those clients eager to create influence and awareness among today’s social-first consumers.”

Recognized as one of the Most Innovative Companies in the World by Fast Company, two-time #1 Fastest-Growing Agency by Adweek, and three-time Best Small Agency by Ad Age, Movers+Shakers has a track record of spurring significant sales growth and equity for brands. Employees and clients unite around the agency’s mission to “Spread joy.”

By connecting brands to culture, Movers+Shakers drives growth for clients across CPG, beauty, retail, entertainment, fashion, toys, and technology, including:

  • e.l.f. – Over the course of four years, Movers+Shakers has helped e.l.f. rise from #8 to #1 favorite beauty brand among teens and achieve 19 consecutive quarters of net sales growth. Their drumbeat of disruptive campaigns includes the #eyeslipsface challenge (the most viral campaign in TikTok history) and iconic brand collaborations with Chipotle, Dunkin, and American Eagle.
  • Neutrogena – Since 2020, Movers+Shakers has helped Neutrogena earn credibility and equity with Millennial and Gen Z consumers, through innovative social-first campaigns and content. Successes include the launch of Neutrogena’s SkinU platform across social, experiential, and retail; as well as the socially native “Hydro House” reality show (300M+ total views and 2.4M+ total likes)!
  • Netflix – Movers+Shakers helped propel viewership and conversation for Netflix titles. For example, the agency created the first-ever TikTok-native movie trailers, helping propel “Red Notice” to become the #1 most-watched Netflix movie of all time. And Netflix and Movers+Shakers pioneered the first live TikTok takeover on a Times Square Billboard, driving buzz for romcom “Your Place or Mine.”

“Joining Stagwell allows us to drive brand transformation on an even bigger scale,” said Evan Horowitz, CEO and co-founder, Movers+Shakers. “Clients are inviting us to help them in a global capacity, as well as with connected capabilities like media, experiential, data, and commerce. We chose Stagwell because we are excited to partner with its like-minded, disruptive agencies.”

The agency’s leadership continues unchanged, with Horowitz and Co-Founder and Chief Creative Officer Geoffrey Goldberg at the helm.

Movers+Shakers marks Stagwell’s fourth acquisition of the year, following Left Field Labs in in October, Tinsel Experiential Design in July, and In the Companies of Huskies in April.  Madison Alley Global Ventures served as exclusive strategic M&A advisor to Movers+Shakers.

Terms of the deal were not disclosed.

About Stagwell

Stagwell (NASDAQ: STGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

About Constellation

Constellation is a formation of best-in-class agencies within Stagwell (NASDAQ: STGW) across professional services from data, insights, PR, creativity, technology, and experiential that unlocks growth for ambitious brands. The collective includes: 72andSunny, Brand Citizens, Colle McVoy, The Harris Poll, Hunter PR, Instrument, Jemini, Left Field Labs, Redscout, TEAM Enterprises and Tinsel. For more information, visit constellation-network.com.

About Movers+Shakers

Meet creative powerhouse Movers+Shakers, an agency that creates culturally-relevant brands in a socially-native world. With 250+ billion views across its social campaigns, the agency pushes clients into tomorrow — whether that’s reinventing playbooks for mainstream platforms or pioneering success on emerging platforms. Clients include e.l.f., Unilever, Target, Hasbro, lululemon, and Netflix.

The company was founded in 2016 when Broadway performer and director Geoffrey Goldberg posted a musical video on Facebook that garnered 30k views overnight. Marketing expert and Harvard MBA Evan Horowitz saw the potential for Geoffrey’s genius storytelling to drive cultural relevance for brands. They created a partnership that became the #1 fastest-growing agency in the US, even though neither founder had ever before worked at an agency. Learn more at www.MoversShakers.co.

Media Contact
Sarah Arvizo
pr@stagwellglobal.com 

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For Brazil:
Laize Lima
lmlima@cpbgroup.com













The agency will work closely with the Stagwell Brazil team with a focus on digital marketing and performance

SÃO PAULO, Nov. 1, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, and Clarita, an integrated communications agency, are partnering to offer new solutions and scalability to their clients. Clarita, founded in 2018 by Pedro Cavalcanti – who has worked in creative areas at agencies such as AlmapBBDO and Africa – currently has clients such as Harald and JHSF in its portfolio.

Clarita will work directly with Vinicius Reis, president, Stagwell Brazil and CEO, Crispin Porter and Bogusky (CP+B) Brazil, focusing on digital marketing, media and performance, bringing to the group’s regional portfolio an agency with expertise in sales conversion, lead generation, clicks, forms, landing pages and ads (Google Ads, Facebook Ads, etc.), in addition to integration with CRM and the entire digital journey.

“Clarita is our second Brazilian affiliate in less than three months, signaling our accelerated growth and ability to serve clients at the local level. Our partnership with Clarita will expand our collaboration as strategic partners with new brands and help drive exponential growth of their customers,” says Vinicius Reis, president, Stagwell Brazil and CEO, CP+B Brazil.

Clarita will benefit from Stagwell’s more than 4,000 global client relationships and digital and advertising agency presence around the world, as well as the technology tools of the Stagwell Marketing Cloud, a suite of proprietary SaaS technologies for marketers. With the partnership, the companies can attract new customers, by making their processes more efficient and innovative, and by generating more opportunities to create projects that involve creativity and high-value-add solutions.

“Clarita’s affiliation with a global group shows that we have been on the right path over these 5 years. We are eager to collaborate with the other players in the network, bringing our skills in different segments of communication, but mainly applying all our expertise in performance, and making client campaigns more assertive and connected to what their consumers expect,” says Pedro Cavalcanti, partner and creative director, Clarita.

The Stagwell Global Affiliate Program powers agile global solutions for customers, allowing Stagwell to partner with regional experts to scale marketing capabilities to new regions. In less than two years, Stagwell has formed partnerships with nearly 80 affiliates across APAC, EMEA, LATAM and North America, extending Stagwell’s global operational reach to 98 countries.

About Clarita
Clarita is an independent communications agency focused on strategy, creativity and results. A full service agency with a consultancy profile.

About Stagwell
Stagwell (NASDAQ: STGW) is the network created to transform marketing. We deliver creative performance at scale for the world’s most ambitious brands, connecting culture-moving creativity with cutting-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our more than 13,000 experts in more than 34 countries are united under a single purpose: to generate effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

Media Contacts
For U.S.
Sarah Arvizo
pr@stagwellglobal.com 

For Brazil:
Laize Lima
lmlima@cpbgroup.com

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IR CONTACT:
Ben Allanson
ir@stagwellglobal.com 













NEW YORK, Nov. 1, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced it has completed the sale of healthcare and wellness marketing agency ConcentricLife to Accenture Song, the tech-powered creative group of Accenture (NYSE: ACN), for $245 million in cash. Proceeds from the transaction, first announced on October 25, 2023, will be reinvested towards Stagwell’s core strategic initiatives.

“The sale price sees Stagwell realize an impressive return on our initial investment in the business, providing us with capital to invest and grow while also improving the balance sheet,” said Mark Penn, chairman and CEO, Stagwell. “ConcentricLife is one of many examples in our portfolio where partnership with agency leadership has led to our brands growing into award-winning, well-run businesses of high value.”

About Stagwell
Stagwell (NASDAQ: STGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

IR CONTACT:
Ben Allanson
ir@stagwellglobal.com 

PR CONTACT:
Sarah Arvizo
pr@stagwellglobal.com

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SIGN UP FOR OUR INSIGHTS BLASTS

Our biggest takeaway from Advertising Week New York? Finding the right path to growth with emerging tech like AI means asking all the right questions – not necessarily rushing to offer the loudest answers. We had a blast convening leaders from across creative sectors for our Great Minds Stage debate “Bots vs. Brains” at AWNY ’23 last week, and learned a lot about how AI will reshape experiences spanning education, music, entertainment, and more. 

In this week’s edition of The Well, we recap all the trends we tracked at AWNY ’23, and bring you the latest in artificial intelligence work and ideas from the Stagwell network. Can’t get enough of our experts? A little birdie tells me Stagwell will keynote at the ANA Masters of Marketing Conference this week. Read on to learn more.

— Beth Sidhu, Chief Brand and Communications Officer

It’s Not All AI, All the Time

AI was obviously top of mind for Stagwell at AWNY, but while the industry looked to things like Retail Media’s rapid rise for inspiration, we helped marketers understand the other big media story of 2023 and 2024: political media. In our AWNY “Three Quick Things” recap, get the scoop on what marketers need to track as the 2024 election – and political media spend – heats up. Spoiler alert: neither your brand, nor your consumers, will be able to run from politics in 2024. Learn more. 

Can Picasso Live in the Machine? 

How did our AWNY debate resolve? Panelists could agree on one thing: AI is not here to replace humans, it’s here to enable better creativity and more effective ways of working. Which is why we were excited to see this new work break from Stagwell’s Doner Partners Network for Staedtler. In the campaign, the team masterfully uses AI as a foil to showcase the limits of technology’s brand of creativity, and where human hands need to keep steering. Check out a recap of the work in Strategy magazine.

What’s It Take to Get AI Right? A Little Bit of Tech in Your Talent Mix

50/50. That’s the breakdown of creative talent and engineering talent within Stagwell’s digital transformation network Code and Theory. And to hear Pradeep Chelpati, Code and Theory‘s Global CTO tell it, that breakdown is a large reason why Code has been successful in helping clients (like Tipico) make sense of the AI boom. “For agencies who don’t have this, they use technology more as an executor than as a partner. At Code and Theory, we have forged a strong partnership between technology and creativity.”

We’re not just bragging: as brands think about emerging tech strategies for 2024, they should prioritize companies reflective of the specific collision of creative technology that drives winning digital brand experiences. Hear more from Pradeep about how Code bridges the two disciplines.

Microtrends at ANA Masters of Marketing

Artificial intelligence is transforming everything as we know it, generating dozens of “microtrends” in consumer behavior that will become the runway for sector-wide disruption. In this time of transformation, Stagwell Chairman and CEO Mark Penn will take this stage this week at ANA Masters of Marketing to deliver a keynote parsing the insights CMOs need to know as they plan for the year ahead. Learn more here

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