Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 11

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 11
---
well Inc. and Class C and adjusted net income$(2,965)$41,763 $38,798 Weighted average number of common shares outstanding113,484 5,281 118,765 Weighted average number of common Class C shares outstanding— 151,649 151,649 Weighted average number of shares outstanding113,484 156,930 270,414 Diluted EPS and Adjusted Diluted EPS (1)$(0.03)$0.14 Adjustments to Net income (loss)Amortization$35,008 Impairment and other losses215 Stock-based compensation5,875 Deferred acquisition consideration7,236 Other items, net8,869 57,203 Adjusted tax expense(12,905)$44,298 Net loss attributable to Class C shareholders(2,535)$41,763 Allocation of adjustments to Net income (loss)Net income attributable to Stagwell Inc. common shareholders - add-backs$18,935 Net income attributable to Class C shareholders - add-backs25,363 Net loss attributable to Class C shareholders(2,535)22,828 $41,763 

(1) Adjusted Diluted EPS is defined within the Non-GAAP Financial Measures section of the Executive Summary.

Adjusted EBITDA 

Adjusted EBITDA for the three months ended June 30, 2025 was $92.9 million, compared to $86.1 million for the three months ended June 30, 2024, representing an increase of $6.8 million, primarily driven by an increase in Revenue, partially offset by an increase in expenses, as discussed above.

46

Integrated Agencies Network

The components of operating results for the three months ended June 30, 2025, compared to the three months ended June 30, 2024 were as follows: 

Three Months Ended June 30,20252024Change(dollars in thousands)$%Revenue$406,190 $385,133 $21,057 5.5 %Operating ExpensesCost of services272,035 255,958 16,077 6.3 %Office and general expenses67,952 72,589 (4,637)(6.4)%Depreciation and amortization20,102 19,472 630 3.2 %$360,089 $348,019 $12,070 3.