S4 Capital shares drop 13% after Q1 revenue falls amid client caution and macroeconomic uncertainty

S4 Capital's shares fell 13.1% following a reported 8.9% decline in first-quarter net revenue to £149.2 million, driven by reduced spending from technology clients and macroeconomic uncertainty. The Europe, Middle East, and Africa region saw the steepest revenue drop, while the Americas showed resilience. Despite cautious client spending due to global economic and geopolitical volatility, the company remains confident in its strategy and expects full-year revenue slightly below 2025 levels but in line with forecasts. S4 Capital plans cost-cutting, margin improvement, dividend introduction, and aims to reduce net debt further by year-end.