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
202-423-4414
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NEW YORK, Nov. 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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Originally released on
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.
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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Originally Released On
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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Originally Released On
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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NEW YORK – October 25, 2023 – Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced it has reached an agreement to sell its integrated healthcare marketing agency and pharmaceutical commercialization platform ConcentricLife to Accenture Song, the tech-powered creative group of Accenture (NYSE: ACN), for $245 million in cash.
“This disposition is consistent with our strategy of organizing our portfolio to focus on core digital services, including AI-based digital transformation; strengthening our balance sheet; and investing in our future,” said Mark Penn, Chairman and CEO Stagwell. “We believe Accenture Song will be a good home for ConcentricLife, consistent with their focus on growing presence in the healthcare and life sciences industry. We wish Ken and the leadership team the best in their new home.”
Completion of the transaction is subject to regulatory clearance and other customary closing conditions. Fairmount Partners is serving as the financial advisor to Stagwell for this transaction.
About ConcentricLife
ConcentricLife is an agency built to answer the rising customer demand on the health marketer. ConcentricLife spans three distinct specialist practices that bring over 20 years of deep subject matter expertise in rare disease, healthcare, and wellness, with sophisticated marketing capabilities spanning the organization. We put Health at the Center through our proprietary Human Connection Score™ designed to build optimal brand experiences at any stage of the health journey. For more information, visit www.concentric.life.
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.
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GALE, a Stagwell (STGW) Agency, Ranks No. 1 on Adweek’s Fastest Growing Large Agency list
NEW YORK, Oct. 24, 2023 /PRNewswire/ — Business Agency GALE has been named one of Adweek’s 2022 Fastest Growing Agencies, an annual recognition honoring 100 agencies who have achieved significant growth over the past year. Adweek ranked GALE No. 14 in 100 Fastest Growing Agencies for the second consecutive year, jumping from #46 in 2022 to #14 and #1 in the Fastest Growing Large Agencies.
“We’re proud to be recognized by Adweek as one of the fastest growing agencies in the US for the second consecutive year,” GALE President and CEO Brad Simms said. “This achievement is a testament to the incredibly talented team at GALE who have allowed us to grow our business and, most importantly, our clients’ business. Today, we thank all those who have helped GALE grow.”
The agency has been recognized for its astronomical 133% growth rate, welcoming 20 new clients in the past year, including Dropbox, Athenahealth, Bathfitter and Enercare as clients continue to turn to GALE as an alternative to more traditional offerings.
Along with being the fastest growing Stagwell agency, GALE has received top industry awards, including Ad Age’s A-List, Ad Age’s Data & Analytics Agency of the Year, Adweek’s Breakthrough Media Agency of the Year, the Grand Effie and a Gold Lion.
For more information on Adweek’s Fastest Growing Agencies, visit:
https://www.adweek.com/fastest-growing-agencies/2023/
CONTACT:
Lindsay Bennett
lindsay.bennett@galepartners.com
917 497 5582
About GALE
GALE is a Business Agency. We bring business insights to brand storytelling and activate across every channel. With expertise in business strategy, CRM, loyalty, brand storytelling, integrated, performance, creative, and content marketing, experience design and media, GALE creates marketing systems and communications that grow businesses. GALE delivers strong business outcomes for its partners in automotive, QSR, retail, gaming, entertainment, telecom and more. Founded in 2014, the agency currently has offices in New York, Singapore, Toronto, Denver, Los Angeles, London, Austin, Kansas City and Bengaluru. GALE has received top industry awards including Ad Age‘s A-List, Ad Age‘s Data & Analytics Agency of the Year, Adweek‘s Fastest Growing Agency and Adweek‘s Breakthrough Media Agency of the Year.
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NEW YORK and ORLANDO, Fla., Oct. 23, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced Chairman and CEO Mark Penn will be a featured speaker at the 2023 Association of National Advertisers (ANA) Masters of Marketing Conference, where he will present on:
Microtrends: Hidden Forces Shaping the Consumer of Tomorrow
The future is not shaped by society’s broad forces, but by quiet changes within narrow slices of the population. Stagwell CEO, presidential pollster, and New York Times bestselling author Mark Penn explores dozens of counterintuitive microtrends across business, politics, and culture – from Wagyu sales to internet dating – that illuminate a world in upheaval and the future of marketing.
The session will take place at 8:40 am-9:15 am EST in Gatlin C/D on Friday, Oct. 27.
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.
Media Contact
Sarah Arvizo
pr@stagwellglobal.com
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48% OF 18–24-YEAR-OLDS SIDE MORE WITH HAMAS; WAR VIEWS DEFINED BY GENERATIONS, NOT PARTY
BIDEN APPROVAL RISES ON ISRAEL RESPONSE
NEW YORK and CAMBRIDGE, Mass., Oct. 20, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW) today released the results of the October Harvard CAPS / Harris poll, a monthly collaboration between the Center for American Political Studies at Harvard (CAPS) and the Harris Poll and HarrisX.
Israel receives overwhelming support from Americans: 84% of voters support Israel over Hamas and 88% believe Israel has a right to respond militarily against Hamas. President Joe Biden edges up to 44% approval as 58% approve of the job he is doing on Israel. Republicans in Congress have hurt themselves significantly in the breakdown over the Speaker of the House as Congressional and Republican ratings sink. Download key results here.
“Americans strongly support Israel against Hamas’ terrorist attacks by 80 percent or more. However, there is a split not among the parties but among the generations as 95% of seniors support Israel while support drops to only 52% among the youngest voter group,” said Mark Penn, Co-Director of the Harvard CAPS / Harris poll and Stagwell Chairman and CEO. “President Biden’s vocal support of Israel is winning approval from both sides, while the Republicans’ chaos in the House is doing the opposite.”
AMERICANS OVERWHELMINGLY SUPPORT ISRAEL AND ITS RIGHT TO RESPOND TO HAMAS ATTACKS
- 84% of voters side more with Israel than with Hamas (ages 18-24: 52%; ages 65+: 95%).
- 88% of voters think Israel has the responsibility to protect its citizens by retaliating against Hamas (ages 18-24: 65%; ages 65+: 97%).
- 84% of voters believe Israel has the right to defend itself by launching air strikes in heavily populated Palestinian areas with warnings to those citizens (ages 18-24: 62%; ages 65+: 93%).
- 70% of voters think Israel should eliminate Hamas, not end its campaign against Hamas now (ages 18-24: 48%; ages 65+: 82%).
- 63% of voters believe it was right for Israel to cut off power, water and food to Gaza until its hostages are returned (ages 18-24: 41%; ages 65+: 70%).
- 61% of voters say there is no moral equivalency between Hamas’ murders and Israel’s actions (ages 18-24: 36% – the majority believe both sides have equally just causes; ages 65+: 80%).
SIGNIFICANT NUMBERS OF YOUNG VOTERS HAVE THEIR OWN FACTS, DENY ATROCITIES COMMITTED
- 17% of voters think it is a false story that Hamas terrorists killed 1200 Israeli civilians by shooting, raping and beheading people (ages 18-24: 32%; ages 65+: 10%).
- 46% of voters say that Israel, not Hamas, rules Gaza (ages 18-24: 53%; ages 65+: 32%).
- 33% of voters think the explosion at a Gaza hospital explosion was caused by an Israeli airstrike rather than a terrorist rocket that went off-course (ages 18-24: 45%; ages 65+: 13%).
BIDEN GETS GOOD RATINGS ON ISRAEL POLICY AS VOTERS THINK U.S. HAS RESPONSIBILITY TO HELP
- 58% of voters approve of Biden’s foreign policy on Israel (ages 18-24: 52%; ages 65+: 61%).
- 64% of voters say the U.S. has a responsibility to militarily support Israel while it is under attack by terrorist groups (ages 18-24: 49%; ages 65+: 70%).
- While Biden did not mention the U.S. hostages in his October 19 Oval Office address, 71% of voters think the U.S. has the responsibility to bring to safety the over a dozen Americans abducted by Hamas (ages 18-24: 42%; ages 65+: 81%).
- 59% of voters say the U.S. should directly intervene if Iran attacks Israel (ages 18-24: 40%; ages 65+: 64%).
REPUBLICAN VOTERS DISAPPROVE OF MCCARTHY OUSTER
- 62% of GOP voters say the Republicans who ousted McCarthy are hurting the Republican Party.
- 57% of GOP voters say that if House Republicans cannot elect another speaker before government funding runs out in 30 days, they should find a different candidate other than McCarthy.
TRUMP LEADS THREE-WAY RACE WITH BIDEN AND RFK JR.
- Donald Trump continues to lead the GOP primary race with 60% support.
- Trump continues to lead Biden in a head-to-head contest, 46% to 41%.
- Trump also leads in a three-way race against Biden and RFK Jr., 39% to 33% to 19%, respectively.
The October Harvard CAPS / Harris poll survey was conducted online within the United States on October 18-19, 2023, among 2,116 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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