Company: STGW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000876883-25-000017
Chunk: 16

Company: Stagwell Inc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 16
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 at each reporting period for changes to their estimated redemption value through Retained earnings (but not less than their initial redemption value), except for foreign currency translation adjustments.The following table presents Net income (loss) attributable to noncontrolling and redeemable noncontrolling interests between Class C shareholders and other equity interest holders for the three months ended March 31:20252024(dollars in thousands)Net loss attributable to Class C shareholders$(6,637)$(1,047)Net income attributable to other equity interest holders2 823 Net loss attributable to noncontrolling interests$(6,635)$(224)Net income attributable to redeemable noncontrolling interests4,227 793 Net income (loss) attributable to noncontrolling and redeemable noncontrolling interests$(2,408)$569 The following table presents noncontrolling interests between Class C shareholders and other equity interest holders as of March 31, 2025 and December 31, 2024:March 31, 2025December 31, 2024(dollars in thousands)Noncontrolling interest of Class C shareholders$423,996 $423,428 Noncontrolling interest of other equity interest holders (1)21,497 21,746 Total noncontrolling interests$445,493 $445,174 (1) In January 2024, the Company entered into an agreement to purchase the remaining noncontrolling ownership interest in a subsidiary it previously controlled, the consideration for which was a portion of the subsidiary that was transferred to the 

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noncontrolling interest owner. The non-cash purchase resulted in a reduction of the subsidiary noncontrolling interest by approximately $10.2 million.The following table presents changes in redeemable noncontrolling interests for the three months ended March 31, 2025 and year ended December 31, 2024:March 31, 2025December 31, 2024(dollars in thousands)Beginning balance$8,412 $10,792 Redemptions (1)— (17,039)Additions— 1,127 Distributions— (2,880)Changes in redemption value (2)(1,681)13,363 Net income attributable to redeemable noncontrolling interests4,227 3,005 Currency translation adjustment(102)44 Ending balance$10,856 $8,412 (1) Redemptions for the year ended December