Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 116

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 116
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Other items, net372 2,581 (2,209)(85.6)%Operating Loss$(26,514)$(24,568)$(1,946)7.9 %

Operating Loss for the three months ended September 30, 2025 was $26.5 million, compared to $24.6 million for the three months ended September 30, 2024, representing an increase of $1.9 million. The increase in Operating Loss was primarily attributable to higher Staff costs, Stock-based compensation, and Depreciation and amortization, partially offset by a decrease in Administrative costs.

Staff costs increased by $3.2 million, primarily due to higher insurance claims.

Administrative costs decreased $2.3 million, primarily due to lower professional and legal fees due to a decrease in the number of acquisitions.

52

NINE MONTHS ENDED SEPTEMBER 30, 2025 COMPARED TO NINE MONTHS ENDED SEPTEMBER 30, 2024

Consolidated Results of Operations 

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

Nine Months Ended September 30,20252024Change(dollars in thousands)$%Revenue$2,101,556 $2,052,508 $49,048 2.4 %Operating ExpensesCost of services1,342,240 1,340,456 1,784 0.1 %Office and general expenses528,845 507,916 20,929 4.1 %Depreciation and amortization127,635 112,881 14,754 13.1 %Impairment and other losses466 1,715 (1,249)(72.8)%$1,999,186 $1,962,968 $36,218 1.8 %Operating Income$102,370 $89,540 $12,830 14.3 %

Nine Months Ended September 30,20252024Change(dollars in thousands)$%Net Revenue$1,776,838 $1,667,039 $109,799 6.6 %Billable costs 324,718 385,469 (60,751)(15.8)%Revenue2,101,5562,052,50849,048 2