Company: STGW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000876883-25-000017
Chunk: 140

Company: Stagwell Inc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 140
---
 months ended March 31, 2024 were as follows: 

Three Months Ended March 31,20252024Change(dollars in thousands)$%Revenue$377,354 $352,719 $24,635 7.0 %Operating ExpensesCost of services238,282 240,481 (2,199)(0.9)%Office and general expenses69,665 69,007 658 1.0 %Depreciation and amortization21,364 19,381 1,983 10.2 %Impairment and other losses— 1,500 (1,500)(100.0)%$329,311 $330,369 $(1,058)(0.3)%Operating Income$48,043 $22,350 $25,693 115.0 %

Three Months Ended March 31,20252024Change(dollars in thousands)$%Net Revenue$325,794 $292,772 $33,022 11.3 %Billable costs 51,560 59,947 (8,387)(14.0)%Revenue377,354 352,719 24,635 7.0 %Billable costs51,560 59,947 (8,387)(14.0)%Staff costs199,882 186,534 13,348 7.2 %Administrative costs31,644 30,602 1,042 3.4 %Unbillable and other costs, net17,099 15,528 1,571 10.1 %Adjusted EBITDA77,169 60,108 17,061 28.4 %Stock-based compensation4,145 9,321 (5,176)(55.5)%Depreciation and amortization21,364 19,381 1,983 10.2 %Deferred acquisition consideration5,863 2,045 3,818 186.7 %Impairment and other losses— 1,500 (1,500)(100.0)%Other items, net(2,246)5,511 (7,757)(140.8)%Operating Income$48,043 $22,350 $25,693 115.0 %

Revenue

Revenue for the three months ended March 31, 2025 was $377.4 million