Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 76

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 76
---
15 and August 15 of each year.The 5.625% Notes are also subject to certain covenants, customary events of default, including cross-payment default and cross-acceleration provisions. The Company was in compliance with all covenants as of June 30, 2025.

9. Noncontrolling and Redeemable Noncontrolling InterestsWhen acquiring less than 100% ownership of an entity, the Company may enter into agreements that give the Company an option to purchase, or require the Company to purchase, the incremental ownership interests under certain circumstances. Where the option to purchase incremental ownership is within the Company’s control, the amounts are recorded as Noncontrolling interests within Shareholders’ Equity in the Unaudited Consolidated Balance Sheets. Where the incremental purchase may be required of the Company, the amounts are recorded as Redeemable noncontrolling interests in mezzanine equity in the Unaudited Consolidated Balance Sheets at their estimated acquisition date redemption value and adjusted at each reporting period for changes to their estimated redemption value through Retained earnings (but not less than their initial redemption value), except for foreign currency translation adjustments.The following table presents Net income (loss) attributable to noncontrolling and redeemable noncontrolling interests between Class C shareholders and other equity interest holders for the three and six months ended June 30, 2025 and 2024:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(dollars in thousands)Net loss attributable to Class C shareholders$— $(2,535)$(6,637)$(3,582)Net income attributable to other equity interest holders624 773 626 1,596 Net income (loss) attributable to noncontrolling interests$624 $(1,762)$(6,011)$(1,986)Net income attributable to redeemable noncontrolling interests3 773 4,230 1,566 Net income (loss) attributable to noncontrolling and redeemable noncontrolling interests$627 $(989)$(1,781)$(420)

28

The following table presents noncontrolling interests between Class C shareholders and other equity interest holders as of June 30, 2025 and December 31, 2024:June 30, 2025December 31, 2024(dollars in thousands)Noncontrolling interest of Class C shareholders (1)$— $423,428 Noncontrolling interest of other