Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 16

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 7
Chunk 16
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,002 $25,373 3.7 %Operating Income$41,509 $43,172 $(1,663)(3.9)%

40

Year Ended December 31,20242023Change(dollars in thousands)$%Net Revenue$651,230 $627,810 $23,420 3.7 %Billable costs 100,654 100,364 290 0.3 %Revenue751,884 728,174 23,710 3.3 %Billable costs100,654 100,364 290 0.3 %Staff costs397,301 386,803 10,498 2.7 %Administrative costs93,155 87,337 5,818 6.7 %Unbillable and other costs, net65,901 55,891 10,010 17.9 %Adjusted EBITDA94,873 97,779 (2,906)(3.0)%Stock-based compensation6,977 6,204 773 12.5 %Depreciation and amortization34,595 33,250 1,345 4.0 %Deferred acquisition consideration(7,744)2,851 (10,595)NMImpairment and other losses— 96 (96)(100.0)%Other items, net19,536 12,206 7,330 60.1 %Operating Income$41,509 $43,172 $(1,663)(3.9)%

Revenue

Revenue for the year ended December 31, 2024, was $751.9 million, compared to $728.2 million for the year ended December 31, 2023, an increase of $23.7 million.

Net Revenue

The components of the fluctuations in net revenue for the year ended December 31, 2024, compared to the year ended December 31, 2023, were as follows: 

Net Revenue - Components of ChangeChangeYear Ended December 31, 2023Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeYear Ended December 31, 2024OrganicTotal(dollars in thousands)Brand Performance Network$627,810$2,220$2,252$18,948$23,420$651,2303.0%3.7%Component %