Stagwell reports Q3 adjusted EPS 24c, consensus 22c

Reports Q3 revenue $743M, consensus $733.66M. Mark Penn, Chairman and CEO of Stagwell (STGW), said, “With double-digit growth in non-advocacy work, strong organic growth in nearly all areas, enhanced cash flow and increased non-advocacy margin, this quarter again demonstrates how Stagwell is a winner in an industry undergoing significant transformation. Our newly announced partnership with Palantir is yet another example of how Stagwell is a leader in the application of AI for marketing.”