Reports Q4 revenue $655M, consensus $663.61M. Mark Penn, Chairman and CEO, said, “Despite a challenging year for marketing services and digital transformation-accentuated by our client mix-Stagwell grew share with some of our largest customers in 2023, took prudent steps to manage our costs, and invested in digital innovation to stay ahead of the future of marketing. In Q4 we returned to sequential net revenue growth, sold a non-core asset for significantly above our initial investment, and saw our tech company clients begin to re-engage.”
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