Company: STGW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000876883-25-000017
Chunk: 35

Company: Stagwell Inc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 35
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The following discussion focuses on the operating performance of the Company for the three months ended March 31, 2025, and 2024 and the financial condition of the Company as of March 31, 2025.

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Results of Operations:

Three Months Ended March 31,20252024(dollars in thousands)Revenue:Integrated Agencies Network$377,354 $352,719 Brand Performance Network162,218 213,962 Communications Network87,628 93,746 All Other24,540 9,632 Total Revenue$651,740 $670,059 Operating Income$18,285 $25,854 Other Income (Expenses):Interest expense, net$(23,356)$(20,965)Foreign exchange, net1,220 (2,258)Other, net249 (1,267)Income (loss) before income taxes and equity in earnings of non-consolidated affiliates(3,602)1,364 Income tax expense1,722 2,585 Loss before equity in earnings of non-consolidated affiliates(5,324)(1,221)Equity in income (loss) of non-consolidated affiliates(1)508 Net loss(5,325)(713)Net (income) loss attributable to noncontrolling and redeemable noncontrolling interests2,408 (569)Net loss attributable to Stagwell Inc. common shareholders$(2,917)$(1,282)Reconciliation to Adjusted EBITDA:Net loss attributable to Stagwell Inc. common shareholders$(2,917)$(1,282)Non-operating items (1)21,202 27,136 Operating income18,285 25,854 Depreciation and amortization42,006 34,836 Impairment and other losses— 1,500 Stock-based compensation11,543 16,116 Deferred acquisition consideration6,657 154 Other items, net2,091 11,856 Adjusted EBITDA$80,582 $90,316 (1) Non-operating items includes items within the Statements of Operations, below Operating Income, and above Net income (loss) attributable to Stagwell Inc. common shareholders. 

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THREE MONTHS ENDED MARCH 31, 2025 COMPARED TO THREE MONTHS ENDED MARCH 31, 2024

Consolidated Results of