Company: STGW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000876883-25-000017
Chunk: 58

Company: Stagwell Inc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 58
---
Item 1.    Financial Statements

STAGWELL INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(amounts in thousands, except per share amounts)

 Three Months Ended March 31, 20252024Revenue$651,740 $670,059 Operating ExpensesCost of services412,087 444,526 Office and general expenses179,362 163,343 Depreciation and amortization42,006 34,836 Impairment and other losses— 1,500 633,455 644,205 Operating Income18,285 25,854 Other income (expenses):Interest expense, net(23,356)(20,965)Foreign exchange, net1,220 (2,258)Other, net249 (1,267)(21,887)(24,490)Income (loss) before income taxes and equity in earnings of non-consolidated affiliates(3,602)1,364 Income tax expense1,722 2,585 Loss before equity in earnings of non-consolidated affiliates(5,324)(1,221)Equity in income (loss) of non-consolidated affiliates(1)508 Net loss(5,325)(713)Net (income) loss attributable to noncontrolling and redeemable noncontrolling interests2,408 (569)Net loss attributable to Stagwell Inc. common shareholders$(2,917)$(1,282)Loss Per Common Share:   Basic$(0.03)$(0.01)   Diluted$(0.04)$(0.01)Weighted Average Number of Common Shares Outstanding:   Basic 112,088 112,633    Diluted263,737 116,405 

See Notes to the Unaudited Consolidated Financial Statements.

3

Table of Contents

 STAGWELL INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(amounts in thousands)

 Three Months Ended March 31, 20252024COMPREHENSIVE INCOME (LOSS)Net loss$(5,325)$(713)Other comprehensive income (loss) - Foreign currency translation adjustment10,498 (7,146)Comprehensive income (loss) for the period5,173 (7,859)Comprehensive (income) loss