Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 173

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 173
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” (“DaaS”) technology tools. 

The Company reports corporate expenses as “Corporate.” Corporate consists of corporate office expenses incurred in connection with the strategic resources provided to the operating segments, as well as certain other centrally managed expenses that are not fully allocated to the operating segments. These office and general expenses include (i) salaries and related expenses for corporate office employees, including employees dedicated to supporting the operating segments, (ii) occupancy expenses relating to properties occupied by all corporate office employees, (iii) other office and general expenses including professional fees for the financial statement audits and other public company costs, and (iv) certain other professional fees managed by the corporate office. 

The following discussion focuses on the operating performance of the Company for the three and six months ended June 30, 2025 and 2024 and the financial condition of the Company as of June 30, 2025.

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Results of Operations:

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(dollars in thousands)Revenue:Integrated Agencies Network$406,190 $385,133 $783,544 $737,852 Brand Performance Network170,099 177,245 332,317 391,207 Communications Network106,128 105,570 193,756 199,316 All Other24,401 3,220 48,941 12,852 Total Revenue$706,818 $671,168 $1,358,558 $1,341,227 Operating Income$23,172 $21,907 $41,457 $47,761 Other Income (Expenses):Interest expense, net$(23,455)$(23,533)$(46,811)$(44,498)Foreign exchange, net(1,338)(1,355)(118)(3,613)Other, net(360)193 (111)(1,074)Loss before income taxes and equity in earnings of non-consolidated affiliates(1,981)(2,788)(5,583)(1,424)Income tax expense2,673 1,165 4,395 3,750 Loss before equity in earnings of non-consolidated affiliates(4,654)(3,953)(9,978)(5,174)Equity in income (loss) of non-consolidated affiliates20 (1)19 507 Net loss(4,634)(