Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 102

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 102
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2,612)(2.0)%Staff costs387,210 361,979 25,231 7.0 %Administrative costs71,792 69,556 2,236 3.2 %Unbillable and other costs, net40,938 37,489 3,449 9.2 %Adjusted EBITDA114,582 111,169 3,413 3.1 %Stock-based compensation12,646 16,935 (4,289)(25.3)%Depreciation and amortization44,260 36,044 8,216 22.8 %Deferred acquisition consideration(13,348)560 (13,908)NMImpairment and other losses466 — 466 100.0 %Other items, net9,645 15,851 (6,206)(39.2)%Operating Income (1)$60,913 $41,779 $19,134 45.8 %(1) See the Results of Operations section above for a reconciliation of Operating Income to Net income (loss) attributable to Stagwell Inc. common shareholders.

Revenue

Revenue for the three months ended September 30, 2025 was $743.0 million, compared to $711.3 million for the three months ended September 30, 2024, an increase of $31.7 million.

39

Net Revenue

The components of the fluctuations in net revenue for the three months ended September 30, 2025 compared to the three months ended September 30, 2024 were as follows:

Net Revenue - Components of ChangeChangeThree Months Ended September 30, 2024Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeThree Months Ended September 30, 2025OrganicTotal(dollars in thousands)Marketing Services$225,411 $989 $4,970 $14,724 $20,683 $246,094 6.5 %9.2 %Digital Transformation85,270 (99)4,356 5,849 10,106 95,376 6.9 %11.9 %Media & Commerce145,558 1,109 2,782 4,708 8,599 154,157 3.2 %5.9 %Communications112,563 214 7,291