Unknown Analyst

All right. We'll get started. I'm happy to have back at the conference from Stagwell, Mark Penn, Chairman and CEO. Mark, thanks for being here.

Mark Penn
Chairman & CEO

Thank you.

Unknown Analyst

All right. So Mark, we are at an interesting moment for the marketing industry, significant AI-driven change, consolidation among some of your peers. We had the announcement yesterday that we'll get to. But how do you see Stagwell is positioned? And where are you most focused currently?

Mark Penn
Chairman & CEO

Well, I think we're strongly positioned for AI. I think AI and technology itself was at the core of why I created Stagwell, when I was coming from being Chief Strategy Officer at Microsoft. What I observed was in my work with the other companies was that they were not tech forward enough and they were not collaborative enough. And so on day 1, we opened up really a unique engineering team that was supposed to engineer innovation within the marketing space. And so as AI really came along here, this team is now able to produce AI marketing products that really kind of are part of a whole pivot to our business, which is very strongly positioned with digital transformation, but now is making a number of headline products, specifically AI based. And so I think it's come along at a very good time for us.

Unknown Analyst

So you reported Q1 earnings at the end of April as it relates to the macro, I didn't hear any red flags, but wanted to see if you could just update on this, what