Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 19

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 19
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,646)(18,622)5,976 (32.1)%Stock-based compensation5,951 (1,498)7,449 NMDepreciation and amortization3,223 2,780 443 15.9 %Impairment and other losses— 215 (215)(100.0)%Other items, net1,747 752 995 132.3 %Operating Loss$(23,567)$(20,871)$(2,696)12.9 %

Operating Loss for the three months ended June 30, 2025 was $23.6 million, compared to $20.9 million for the three months ended June 30, 2024, representing an increase of $2.7 million. The increase in Operating Loss was primarily attributable to higher Stock-based compensation. 

Stock-based compensation increased $7.4 million, primarily due to an increase in the number of awards, partially offset by a decrease in the fair value of the awards and a reversal of expense in the second quarter of 2024 associated with stock-based performance awards for which the performance targets were not met.

SIX MONTHS ENDED JUNE 30, 2025 COMPARED TO SIX MONTHS ENDED JUNE 30, 2024

Consolidated Results of Operations 

The components of operating results for the six months ended June 30, 2025, compared to the six months ended June 30, 2024, were as follows: 

Six Months Ended June 30,20252024Change(dollars in thousands)$%Revenue$1,358,558 $1,341,227 $17,331 1.3 %Operating ExpensesCost of services871,303 883,438 (12,135)(1.4)%Office and general expenses362,423 331,476 30,947 9.3 %Depreciation and amortization83,375 76,837 6,538 8.5 %Impairment and other losses— 1,715 (1,715)(100.0)%$1,317,101 $1,293,466 $23,635 1.8 %Operating Income$41,457 $47,761 $(6,304)(13.2)%

53

Six Months Ended June 30,20252024Change(dollars in thousands)$%Net Revenue