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

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 10
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 benefit of the small pre-tax loss and a small windfall in deductions for share based compensation expense vested during the period, being more than offset by the current losses subject to valuation allowance.

Noncontrolling and Redeemable Noncontrolling Interests

The effect of noncontrolling and redeemable noncontrolling interests for the three months ended June 30, 2025 was income of $0.6 million, compared to loss of $1.0 million for the three months ended June 30, 2024. The amounts are driven by the mix of income and loss derived from entities not entirely owned by the Company.

Net Income (Loss) Attributable to Stagwell Inc. Common Shareholders 

As a result of the foregoing, net loss attributable to Stagwell Inc. common shareholders for the three months ended June 30, 2025 was $5.3 million, compared to net loss of $3.0 million for the three months ended June 30, 2024.

Earnings (Loss) Per Share

Diluted EPS and Adjusted Diluted EPS for the three months ended June 30, 2025 were as follows:

GAAPAdjustments (1)Non-GAAP(amounts in thousands, except per share amounts)Net income (loss) attributable to Stagwell Inc. common shareholders and adjusted net income$(5,261)$50,331 $45,070 Weighted average number of common shares outstanding260,774 7,550 268,324 Diluted EPS and Adjusted Diluted EPS (1)$(0.02)$0.17 Adjustments to Net incomeAmortization$35,593 Stock-based compensation19,954 Deferred acquisition consideration(3,220)Other items, net11,580 $63,907 Adjusted tax expense(13,576)$50,331 

(1) Adjusted Diluted EPS is defined within the Non-GAAP Financial Measures section of the Executive Summary.

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Diluted EPS and Adjusted Diluted EPS for the three months ended June 30, 2024 were as follows:

GAAPAdjustments (1)Non-GAAP(amounts in thousands, except per share amounts)Net income (loss) attributable to Stagwell Inc. common shareholders$(2,965)$18,935 $15,970 Net income attributable to Class C shareholders— 22,828 22,828 Net income (loss) attributable to Stag