Stagwell Inc (STGW) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic Expansion [Yahoo! Finance]
Stagwell Inc. - Class A (STGW)
Company Research
Source: Yahoo! Finance
Adjusted EBIT: $111 million with a margin of 19.2% on net revenue. Advocacy Revenue Growth: 85% year-over-year in the third quarter. Digital Transformation Revenue: $163 million, a 25% increase over the prior period. Stagwell Marketing Cloud Revenue: $74 million, a 30% increase year-over-year. Personnel Staffing Costs: Declined to 60.9% of net revenue, a reduction of 179 basis points. Cash and Revolver Drawings: $146 million in cash and $375 million in revolver drawings. Leverage Ratio: 3.5 times. Stock Buyback: 2 million shares acquired at an average price of $6.60 per share, totaling approximately $30 million. Full Year 2024 Guidance: Organic net revenue growth expected between 5% to 7%, adjusted EBITA between $400 million to $450 million, and adjusted EPS between 75 and 88. Warning! GuruFocus has detected 5 Warning Signs with STGW. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcri
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News
- The Rise of DINKs: Dual-Income Couples Without Kids Redefine Financial Priorities in AmericaAccesswire
- Stagwell (STGW) Expands its Global Affiliate Network with the Additions of Blue Horse and DashDigital [Yahoo! Finance]Yahoo! Finance
- Stagwell (STGW) Expands its Global Affiliate Network with the Additions of Blue Horse and DashDigitalPR Newswire
- Localized Video Ads Critical in Increasing Brand Trust and Consumer Purchase Intent, Locality Study Finds [Yahoo! Finance]Yahoo! Finance
- Stagwell Inc. (NASDAQ: STGW) had its price target raised by analysts at Rosenblatt Securities from $8.00 to $9.00. They now have a "buy" rating on the stock.MarketBeat
STGW
Earnings
- 11/7/24 - Beat
STGW
Sec Filings
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 10/3/24 - Form 4
- STGW's page on the SEC website