Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 197

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 197
---
$2,916 $52,303 $56,692 $714,867 7.9 %8.6 %Digital Transformation239,613 (275)8,196 27,444 35,365 274,978 11.5 %14.8 %Media & Commerce439,783 1,651 2,675 (12,254)(7,928)431,855 (2.8)%(1.8)%Communications303,890 162 29,002 (47,948)(18,784)285,106 (15.8)%(6.2)%The Marketing Cloud25,823 455 53,523 (1,032)52,946 78,769 (4.0)%NMEliminations(245)— — (8,492)(8,492)(8,737)NMNM$1,667,039 $3,466 $96,312 $10,021 $109,799 $1,776,838 0.6 %6.6 %Component % change0.2 %5.8 %0.6 %6.6 %

For the nine months ended September 30, 2025, organic net revenue increased by $10.0 million, or 0.6%. The increase was primarily attributable to new wins and increased spending by clients in the technology, retail, automotive and financials sectors. This increase was partially offset by losses and a decrease in client spending due to budget cuts in the consumer products sector and lower advocacy services as compared to higher spending in 2024 associated with the 2024 elections. The increase in net acquisitions (divestitures) was impacted by the acquisitions of Jetfuel, Create, ADK, Consulum, Leaders, and Unicepta.

The geographic mix in Net revenue for the nine months ended September 30, 2025 and 2024 was as follows:

Nine Months Ended September 30, 20252024(dollars in thousands)United States$1,379,268 $1,350,022 United Kingdom113,346 116,040 Other284,224 200,977 Total$1,776,838 $1,667,039 

Operating Income

Operating Income for the nine months ended September 30, 2025, was $102.4 million,