|Bid||818.00 x 0|
|Ask||819.00 x 0|
|Day's range||793.00 - 824.00|
|52-week range||276.00 - 852.00|
|Beta (5Y monthly)||1.26|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
LONDON (Reuters) -Martin Sorrell's S4 Capital has struck a deal to buy Zemoga, a technology services company that provides a new route for the rapidly growing digital advertising group to win work from multinational clients. Sorrell, the founder of WPP, has turned S4 into a $6 billion company in the three years since it launched, by acquiring businesses to combine data with digital content and serve the likes of Facebook, Google, Burberry and Netflix. The move into tech services is designed to enable it to better compete with the likes of Accenture and Globant, which can sell both digital advertising services to a client, as well as internal digital transformation advice.
S4 has ridden the tide of a rapid move to digital during the COVID-19 pandemic as demand from global tech platforms grew.
LONDON (Reuters) -Martin Sorrell's S4 Capital marked its third birthday with a third increase to its profit forecast this year, driven by major brands and tech platforms using the digital-only advertising group to target customers during the pandemic. Shares in the British company, however, fell 6% after it reported an operating loss of 16.1 million pounds in the first half ($22.25 million) compared with a profit of 1.3 million pounds last year, due to acquisition payments, reflecting its rapid rate of growth. It said gross profit had jumped from an increase of 33% in the first quarter to 66% in the second as clients including Alphabet's Google, Facebook, HP, Netflix, Burberry and Amazon Fashion booked more work.