UPDATE 1-S4 Capital reports 25% drop in earnings after 'difficult' 2023 [Yahoo! Finance]
Stagwell Inc. - Class A (STGW)
Company Research
Source: Yahoo! Finance
LONDON, March 27 (Reuters) - Martin Sorrell forecast another tough year for S4 Capital after the ad group's core earnings fell 25% in 2023, reflecting a reluctance from its tech-heavy clients to spend and few new business wins. "It was difficult year pretty much across the board," he said in an interview as he predicted continued pressure on the top line and a broadly similar outcome on the bottom. Shares in S4 Capital, which hit 878 pence in September 2021, fell 11% to 40 pence in early deals on Wednesday, valuing the company at 230 million pounds ($290 million). Analysts at Citi said while the 2023 results were broadly in line, "both the content and tone of 2024 guidance is much more cautious than we might have hoped". S4 said its content business was hit in the second half by lower spending by tech clients, while trading in its data & digital media unit had deteriorated as the year had progressed, and growth in technology services had slowed significantly. The group, whi
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News
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- Stagwell (STGW) Drafts Newest Picks for Sport Beach 2024: Joe Burrow, Roberto Carlos, Myles Garrett, Alex Honnold, Chad 'OchoCinco' Johnson, Chloe Kim, Patrick Mouratoglou, Shannon Sharpe, Mikaela Shiffrin and JuJu Watkins to AttendPR Newswire
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- Stagwell Adds Indonesia-based Media, Creative, and Technology Agency Leverate Group to Global Affiliate ProgramPR Newswire
- Stagwell Adds Indonesia-based Media, Creative, and Technology Agency Leverate Group to Global Affiliate ProgramPR Newswire
STGW
Earnings
- 2/27/24 - Miss
STGW
Sec Filings
- 4/16/24 - Form 4
- 4/11/24 - Form 8-K
- 4/2/24 - Form 4
- STGW's page on the SEC website