Stagwell Inc (NAS:STGW)
$ 7.16 0.02 (0.28%) Market Cap: 804.41 Mil Enterprise Value: 2.28 Bil PE Ratio: 0 PB Ratio: 2.44 GF Score: 44/100

Stagwell Inc at Morgan Stanley Technology, Media & Telecom Conference Transcript

Mar 06, 2023 / 11:55PM GMT
Release Date Price: $9.21 (+15.34%)
Robert C. Patterson
Morgan Stanley - MD

Okay. All right. Thank you, everyone, for coming today. We're here with Stagwell Group CEO and Chief Investment Officer, Mark Penn and Jason Reid, respectively. I'm Rob Patterson. I help to lead our marketing service and technology practice at Morgan Stanley on the banking side. We're delighted to have the team here today.

Questions & Answers

Robert C. Patterson
Morgan Stanley - MD

So Mark, why don't you start with some -- a few sort of high-level, more descriptive talking points around Stagwell? It is -- despite your massive scale and growth profile, the story still is below the radar of many. So can you just describe Stagwell and the platform and your strategy?

Mark J. Penn
Stagwell Inc. - Chairman & CEO

Well, look, I think as we announced, we hit, as you said, $2.7 billion of revenue. Coming on from a founding in 2015 with a vision that we were going to create a digital-first challenge or marketing company, that the majors have been there for so long, were

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