Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 88

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 88
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 to the operating segments, as well as certain other centrally managed expenses that are not fully allocated to the operating segments. These office and general expenses include (i) salaries and related expenses for corporate office employees, including employees dedicated to supporting the operating segments, (ii) occupancy expenses relating to properties occupied by all corporate office employees, (iii) other office and general expenses including professional fees for the financial statement audits and other public company costs, and (iv) certain other professional fees managed by the corporate office. 

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Three Months Ended June 30, 2025Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkTotal(dollars in thousands)Revenue (1)$406,190 $170,099 $106,128 $682,417 Billable costs61,302 15,231 31,786 108,319 Staff costs205,975 100,260 44,812 351,047 Administrative costs34,094 25,584 9,550 69,228 Unbillable and other costs *27,309 13,443 625 41,377 Adjusted EBITDA77,510 15,581 19,355 112,446 Adjusted EBITDA - All Other(6,945)Adjusted EBITDA - Corporate(12,646)Total Consolidated Adjusted EBITDA92,855 Stock-based compensation19,954 Depreciation and amortization41,369 Deferred acquisition consideration(3,220)Other items, net11,580 Operating Income23,172 Other income (expenses):Interest expense, net(23,455)Foreign exchange, net(1,338)Other, net(360)(25,153)Loss before income taxes and equity in earnings of non-consolidated affiliates(1,981)Income tax expense2,673 Loss before equity in earnings of non-consolidated affiliates(4,654)Equity in income of non-consolidated affiliates20 Net loss(4,634)Net income attributable to noncontrolling and redeemable noncontrolling interests(627)Net loss attributable to Stagwell Inc. common shareholders$(5,261)(1) Total consolidated revenue of $706,818 also includes revenue of $24,401 associated with operating segments that do not meet the aggregation criteria and elimination of certain intercompany service and revenue.*For each reportable segment, Unbillable and other costs includes costs to fulfill customer contract requirements such as research