Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 109

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 109
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 certain other Brands.

Adjusted EBITDA decreased $2.8 million, primarily due to an increase in expenses more than offset by an increase in Revenue, as discussed above.

All Other

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

Three Months Ended June 30,20252024Change(dollars in thousands)$%Revenue$24,401 $3,220 $21,181 657.8 %Operating ExpensesCost of services15,992 5,599 10,393 185.6 %Office and general expenses17,427 1,452 15,975 NMDepreciation and amortization4,927 4,944 (17)(0.3)%$38,346 $11,995 $26,351 219.7 %Operating Loss$(13,945)$(8,775)$(5,170)58.9 %

51

Three Months Ended June 30,20252024Change(dollars in thousands)$%Net Revenue$24,031 $3,021 $21,010 695.5 %Billable costs 370 199 171 85.9 %Revenue24,401 3,220 21,181 657.8 %Billable costs370 199 171 85.9 %Staff costs17,245 7,607 9,638 126.7 %Administrative costs6,978 (3,740)10,718 NMUnbillable and other costs, net6,753 2,303 4,450 193.2 %Adjusted EBITDA(6,945)(3,149)(3,796)120.5 %Stock-based compensation167 252 (85)(33.7)%Depreciation and amortization4,927 4,944 (17)(0.3)%Deferred acquisition consideration636 — 636 100.0 %Other items, net1,270 430 840 195.3 %Operating Loss$(13,945)$(8,775)$(5,170)58.9 % 

(1) All Other Revenue and Administrative costs include approximately $6 million and $8 million of eliminations of intercompany services for the three months ended June 30,