Shares of Stagwell Inc. (STGW) surged 32.38% in early trading on Thursday, following the company's announcement of a strategic partnership with Palantir Technologies and the release of better-than-expected third-quarter results.

The marketing and communications company revealed a collaboration with Palantir to develop an AI-driven platform for marketers, aimed at enhancing marketing ROI for enterprise clients. This partnership combines Palantir's Foundry software with Stagwell's proprietary data sources and orchestration software, positioning Stagwell at the forefront of AI-driven marketing solutions.

Additionally, Stagwell reported strong financial performance for the third quarter of 2025. The company's net revenue grew 6% year-over-year to $615 million, with net income attributable to common shareholders increasing significantly to $25 million, up from $3 million in the same quarter last year. Adjusted earnings per share reached $0.24, surpassing analysts' estimates of $0.23.

Mark Penn, Chairman and CEO of Stagwell, commented on the results, stating, "With double-digit growth in non-advocacy work, strong organic growth in nearly all areas, enhanced cash flow and increased non-advocacy margin, this quarter again demonstrates how Stagwell is a winner in an industry undergoing significant transformation."

Looking ahead, Stagwell provided an optimistic outlook for 2025, projecting total net revenue growth of approximately 8% and adjusted EBITDA between $410 million and $460 million. The company's forward-looking guidance, coupled with its strategic AI partnership and strong quarterly performance, has fueled investor enthusiasm, driving the significant stock price surge in today's trading session.