Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 70

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 70
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 billings on the Company’s Unaudited Consolidated Balance Sheets. Advance billings at June 30, 2025 and December 31, 2024, were $339.6 million and $294.6 million, respectively. The change in Advance billings of $45.0 million for the six months ended June 30, 2025 was primarily driven by $231.1 million of revenue recognized that was included in the Advance billings balances as of December 31, 2024, the incurrence of third-party costs, and cash payments received or due in advance of satisfying our performance obligations. In arrangements in which we are acting as an agent, the revenue recognized related to the contract liability is presented on a net basis within the Unaudited Consolidated Statements of Operations.Changes in the contract asset and liability balances during the six months ended June 30, 2025 were not materially impacted by acquisitions, write-offs, impairment losses or any other factors.

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Unsatisfied Performance Obligations

The majority of our contracts are for periods of one year or less. For those contracts with a term of more than one year, we had $174.7 million of unsatisfied performance obligations as of June 30, 2025, of which we expect to recognize approximately 48% in 2025, 41% in 2026, 9% in 2027, 2% in 2028, and thereafter.

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5. Loss Per ShareThe following table presents the computations of basic and diluted loss per common share for the three months ended June 30, 2025 (amounts in thousands, except per share amounts): Three Months Ended June 30,2025Loss Per Share - Basic and DilutedNumerator:Net loss$(4,634)Net income attributable to noncontrolling and redeemable noncontrolling interests(627)Net loss attributable to Stagwell Inc. common shareholders$       (5,261)Denominator:Weighted Average number of common shares outstanding260,774 Loss Per Share - Basic and Diluted$(0.02)Anti-dilutive:Class A Shares to settle deferred acquisition obligations8,428 Stock Appreciation Rights and Restricted Awards3,151 Employee Stock Purchase Plan shares63 

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The following table presents the computations of basic and diluted loss per common share for the six months ended June 30, 2025 (amounts in thousands, except