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The first quarter wasn't terribly kind to Stagwell.On Tuesday, the agency holding company reported $622 million in Q1 revenue - a 3% decrease year over year - and $53 million in Q1 net-new business, a 1% decrease YoY, according to CFO Frank Lanuto.The company's stock was down nearly 10% on the news.
The first quarter wasn't terribly kind to Stagwell.On Tuesday, the agency holding company reported $622 million in Q1 revenue - a 3% decrease year over year - and $53 million in Q1 net-new business, a 1% decrease YoY, according to CFO Frank Lanuto.The company's stock was down nearly 10% on the news.
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