Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 49

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 49
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Item 1.    Financial Statements

STAGWELL INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(amounts in thousands, except per share amounts)

 Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Revenue$706,818 $671,168 $1,358,558 $1,341,227 Operating ExpensesCost of services459,216 438,912 871,303 883,438 Office and general expenses183,061 168,133 362,423 331,476 Depreciation and amortization41,369 42,001 83,375 76,837 Impairment and other losses— 215 — 1,715 683,646 649,261 1,317,101 1,293,466 Operating Income23,172 21,907 41,457 47,761 Other income (expenses):Interest expense, net(23,455)(23,533)(46,811)(44,498)Foreign exchange, net(1,338)(1,355)(118)(3,613)Other, net(360)193 (111)(1,074)(25,153)(24,695)(47,040)(49,185)Loss before income taxes and equity in earnings of non-consolidated affiliates(1,981)(2,788)(5,583)(1,424)Income tax expense2,673 1,165 4,395 3,750 Loss before equity in earnings of non-consolidated affiliates(4,654)(3,953)(9,978)(5,174)Equity in income (loss) of non-consolidated affiliates20 (1)19 507 Net loss(4,634)(3,954)(9,959)(4,667)Net (income) loss attributable to noncontrolling and redeemable noncontrolling interests(627)989 1,781 420 Net loss attributable to Stagwell Inc. common shareholders$(5,261)$(2,965)$(8,178)$(4,247)Loss Per Common Share:   Basic$(0.02)$(0.03)$(0.04)$(0.04)   Diluted$(0.02)$(0.03)$(0.06)$(0