News

S4 Capital reports continued growth, eyes further expansion following AGM

Sir Martin Sorrell’s S4 Capital continues to accelerate its financial performance with 2021 already delivering the digital advertising and marketing services company strong results, according to the company’s Annual General Meeting reports.

Trading for the first four months of 2021 has accelerated strongly, with reportable revenue up almost 90%, compared to 71% for Q1. Reportable gross profit or net revenue was up almost 84%, compared to 71% for Q1.


“Both revenue and gross profit or net revenue like-for-like growth rates accelerated markedly in April. We do not have our May figures as yet, but early indications are that May will be similar to April and that in June, the pipeline continues to be robust,” the report stated.

“2020 was a very busy third year for S4 Capital, both organically and through mergers and the tempo has been maintained, as growth rates have accelerated in the first quarter and into Q2 2021,” said executive chairman Sorrell.

Sir Martin Sorrell

In February 2021, MightyHive acquired the assets of Datalicious, a Google Marketing Platform, Google Cloud and Google Analytics partner in Asia Pacific. The purchase from Equifax Inc included talent, clients and further Data capabilities in Australia, New Zealand and India.  Datalicious is a specialised data and analytics consultancy, helping marketers make sense of their data.

While mergers have historically been branded under the MediaMonks and MightyHive banners, MediaMonks and MightyHive have been increasingly acting as one in going to market. The combined firm will, in future, go to market under one brand or flag.

The company is in the process of raising a term loan of over $350 million to finance further expansion.

Sorrell was also reelected as a director with 86.46 % votes voting yes.

Since the last AGM in June of 2020, S4 Capital has doubled its number of people to over 5,500 in 31 countries and almost tripled its market capitalisation to over £3 billion (US$4.2 billion).

ADVERTISEMENT

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

 

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing.