Stagwell posts record quarter, eyes government deals under Penn
Adweek’s Christopher Cicchiello reports Stagwell posted its best quarter in five years as a public company, with Q3 net revenue up 8% year over year to $664 million and EBITDA up 25% to $145 million.
Why it matters. Stagwell’s push into federal contracting gives it a revenue stream insulated from cyclical marketing budgets, broadening its leverage against holding-company rivals still tied to ad spend.
Signal from adweek.com · Christopher Cicchiello · read the original.
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