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Stagwell lowers guidance, projects negative growth for 2023
Stagwell lowers guidance, projects negative growth for 2023. From PR Week
Alison weissbrot
Stagwell lowers guidance, projects negative growth for 2023
Q3 organic net revenue declined 7% YOY as the holding company was hit by a pullback from tech clients, among other factors.
Alison weissbrot
IPG underperforms peers again in Q3: Results did not measure up to expectations
The holding company reported a 0.4% organic growth decrease YoY as it continues to face pressure from lower spending by tech and telecom clients and underperformance of its digital agencies.
Alison weissbrot
Stagwell latest holding company to be hit by tech pullback
The holding company’s organic growth dipped 5% YOY in Q2, prompting it to downgrade its full year outlook and lay off staff.
Alison weissbrot
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