STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024
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Stagwell Inc. (NASDAQ: STGW) reported strong Q3 2024 results with a 15% YoY revenue growth and a 25% increase in digital transformation. The company achieved a net income of $3 million and an adjusted EBITDA of $111 million. Stagwell reaffirmed its 2024 guidance and announced a $125 million increase in its stock repurchase program.
November 07, 2024 | 12:45 pm
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Stagwell Inc. reported a 15% YoY revenue growth in Q3 2024, with significant gains in digital transformation. The company achieved a net income of $3 million and an adjusted EBITDA of $111 million. Stagwell also increased its stock repurchase program by $125 million.
The strong revenue growth and increase in digital transformation indicate positive business momentum. The increase in the stock repurchase program suggests confidence in the company's future performance, likely boosting investor sentiment and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100