Stagwell is reporting Q1 revenue growth of 8% to USD $670 million, led by 13% growth from performance media and data.

For the quarter ending end in March, the global marketing and communications group is reporting adjusted EBITDA of $90 million, a boost of 25% year-over-year. Stagwell’s agency roster in Canada includes DonerNorth, Veritas, Meat & Produce and Dyversity Communications.

Stagwell is reporting net new business wins of $66 million in the first quarter, and net new business wins of $284 million for the last 12 months.

In Wednesday’s earnings call, the company reported it is participating in larger global RPF pitches and that the size of account wins is up 13% year over year.

Notable new clients for the company include Samsung, Wilson and Target.

Its top 100 customers in Q1 2024, which represent 50% of net revenue, grew 25% year-over-year, its largest improvement in the last five quarters.

The company is also growing AI capabilities across its agencies, Stagwell CEO Mark Penn said, adding that it wants to be at the forefront of AI.

“We continue to invest in technology with the Stagwell Marketing Cloud setting the pace for innovation and we believe that we will see growth in AI-related digital transformation assignments building in the second half of the year,” Penn said.

The company, which is headquartered in New York City, reaffirmed its guidance for the year, of adjusted EBITA USD $400 to 450 million and 5% to 7% organic net revenue growth.

The company’s areas of strength, it says, are transportation, lodging and consumer products.

Creativity and communications revenue growth for Q1, was 10.5%.

Digital transformation returned to growth of 5.5%, thanks to strength in food and beverage, advocacy work and tech clients.