By Amira McKee
Shares of Stagwell jumped after the company logged better-than-expected adjusted earnings and revenue in the fourth quarter.
The stock climbed 12% to $5.89 in Tuesday afternoon trading. The shares have retreated 4% in the past year.
The media and public relations agency had fourth-quarter net income of $12.7 million, or 5 cents a share, up from $3.24 million, or 3 cents a share, a year earlier.
Adjusted earnings came in at 30 cents a share, beating the 27 cents a share that Wall Street forecast, according to FactSet.
Revenue rose 2% to $807.4 million, ahead of the $797.1 million that analysts polled by FactSet had anticipated.
Along with the fourth-quarter results, Chief Executive Mark Penn unveiled a partnership to incorporate AppLovin's mobile advertising platform into Stagwell's media offering. The partnership will provide Stagwell clients with improved measurement and reporting tools for more effective mobile campaigns, Penn said on an analyst call.
For 2026, the company guided for adjusted earnings of 98 cents to $1.12 a share and full-year revenue growth of 8% to 12%. Analysts polled by FactSet are expecting full-year adjusted earnings of $1.07 a share on revenue of $3.21 billion. Wall Street's revenue estimate represents growth of around 10% compared to 2025.
Write to Amira McKee at amira.mckee@wsj.com
(END) Dow Jones Newswires
March 10, 2026 15:05 ET (19:05 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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