S4 Capital Cuts 2026 Net Revenue Outlook After Q3 Decline

S4 Capital lowered its 2026 net revenue outlook after third-quarter net revenue fell 7.3% like-for-like to £156.3 million, as clients remained cautious and technology firms prioritized AI infrastructure spending over operating expenses. Marketing Services net revenue was £142.7 million, down 6.2% like-for-like. Technology Services net revenue fell 17.6% like-for-like to £13.6 million. For the nine months ended Sept. 30, net revenue totaled £464.3 million, down 5.6% like-for-like and 6.2% on a reported basis from £495.2 million a year earlier.

Source: TokenPost