Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 104

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 104
---
,101 $37,114 $8,987 24.2 %

Three Months Ended June 30,20242023Change(dollars in thousands)$%Net Revenue$344,888 $321,870 $23,018 7.2 %Billable costs 61,302 63,263 (1,961)(3.1)%Revenue406,190 385,133 21,057 5.5 %Billable costs61,302 63,263 (1,961)(3.1)%Staff costs205,975 195,193 10,782 5.5 %Administrative costs34,094 33,902 192 0.6 %Unbillable and other costs, net27,309 24,780 2,529 10.2 %Adjusted EBITDA77,510 67,995 9,515 14.0 %Stock-based compensation12,288 4,849 7,439 153.4 %Depreciation and amortization20,102 19,472 630 3.2 %Deferred acquisition consideration(4,292)2,531 (6,823)(269.6)%Other items, net3,311 4,029 (718)(17.8)%Operating Income$46,101 $37,114 $8,987 24.2 %`

Revenue

Revenue for the three months ended June 30, 2025 was $406.2 million, compared to $385.1 million for the three months ended June 30, 2024, an increase of $21.1 million. 

47

Net Revenue

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

Net Revenue - Components of ChangeChangeThree Months Ended June 30, 2024Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeThree Months Ended June 30, 2025OrganicTotal(dollars in thousands)Integrated Agencies Network$321,870$744$9,037$13,237$23,018$344,8884.1%7.2%Component % change0.2%2.8%4.1%7.2%

The increase in organic net revenue was primarily attributable to