Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 22

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 22
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Billable costs 5 — 5 100.0 %Revenue27,187 11,443 15,744 137.6 %Billable costs5 — 5 100.0 %Staff costs18,763 8,887 9,876 111.1 %Administrative costs3,663 3,505 158 4.5 %Unbillable and other costs, net5,883 2,481 3,402 137.1 %Adjusted EBITDA(1,127)(3,430)2,303 (67.1)%Stock-based compensation200 363 (163)(44.9)%Depreciation and amortization6,455 2,679 3,776 140.9 %Deferred acquisition consideration(12,419)(384)(12,035)NMImpairment and other losses244 — 244 100.0 %Other items, net1,196 43 1,153 NMOperating Income (Loss)$3,197 $(6,131)$9,328 (152.1)%

Revenue

Revenue for the three months ended September 30, 2025 was $27.2 million, compared to $11.4 million for the three months ended September 30, 2024, an increase of $15.7 million. 

51

Net Revenue

The components of the fluctuations in net revenue for the three months ended September 30, 2025 compared to the three months ended September 30, 2024 were as follows: 

Net Revenue - Components of ChangeChangeThree Months Ended September 30, 2024Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeThree Months Ended September 30, 2025OrganicTotal(dollars in thousands)The Marketing Cloud$11,443 $416 $14,567 $756 $15,739 $27,182 6.6 %NMComponent % change3.6 %NM6.6 %NM

The increase in net acquisitions (divestitures) was primarily driven by the acquisitions of Leaders and Unicepta.

Operating Income (Loss)

Operating Income for the three months ended September 30, 2025 was $3.2 million, compared to a loss of $6.1 million for the three months ended September 30, 2024. The increase in Operating