Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 179

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 179
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 employees, (iii) other office and general expenses including professional fees for the financial statement audits and other public company costs, (iv) certain other professional fees managed by the corporate office, and v) the elimination of certain intercompany services and revenue.

The following discussion focuses on the operating performance of the Company for the three and nine months ended September 30, 2025 and 2024 and the financial condition of the Company as of September 30, 2025.

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Results of Operations:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(dollars in thousands)Revenue:Marketing Services$297,195 $267,675 $839,457 $782,371 Digital Transformation103,710 88,292 292,188 248,976 Media & Commerce174,738 159,595 479,648 521,963 Communications144,947 184,665 420,215 473,957 The Marketing Cloud27,187 11,443 78,785 25,823 Eliminations(4,779)(389)(8,737)(582)Total Revenue$742,998 $711,281 $2,101,556 $2,052,508 Operating Income$60,913 $41,779 $102,370 $89,540 Other Income (Expenses):Interest expense, net$(25,196)$(23,781)$(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 Stag