Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 8

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 8
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23,781)$(72,007)$(68,279)Foreign exchange, net(366)1,312 (484)(2,301)Other, net(2,032)249 (2,143)(825)Income before income taxes and equity in earnings of non-consolidated affiliates33,319 19,559 27,736 18,135 Income tax expense9,555 5,691 13,950 9,441 Income before equity in earnings of non-consolidated affiliates23,764 13,868 13,786 8,694 Equity in income (loss) of non-consolidated affiliates(1)(4)18 503 Net income23,763 13,864 13,804 9,197 Net (income) loss attributable to noncontrolling and redeemable noncontrolling interests856 (10,593)2,637 (10,173)Net income (loss) attributable to Stagwell Inc. common shareholders$24,619 $3,271 $16,441 $(976)Reconciliation to Adjusted EBITDA:Net income (loss) attributable to Stagwell Inc. common shareholders$24,619 $3,271 $16,441 $(976)Non-operating items (1)36,294 38,508 85,929 90,516 Operating income60,913 41,779 102,370 89,540 Depreciation and amortization44,260 36,044 127,635 112,881 Impairment and other losses466 — 466 1,715 Stock-based compensation12,646 16,935 44,143 38,926 Deferred acquisition consideration(13,348)560 (9,911)7,950 Other items, net9,645 15,851 23,316 36,576 Adjusted EBITDA$114,582 $111,169 $288,019 $287,588 (1) Non-operating items includes items within the Statements of Operations, below Operating Income, and above Net income (loss) attributable to Stagwell Inc. common shareholders. 

38

THREE MONTHS ENDED SEPTEMBER 30, 2025 COMPARED TO THREE MONTHS ENDED SEPTEMBER 30, 2024

Consolidated Results of Operations 

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