Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 179

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 179
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 C shareholders - add-backs25,363 Net loss attributable to Class C shareholders(2,535)22,828 $41,763 

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

Adjusted EBITDA 

Adjusted EBITDA for the three months ended June 30, 2025 was $92.9 million, compared to $86.1 million for the three months ended June 30, 2024, representing an increase of $6.8 million, primarily driven by an increase in Revenue, partially offset by an increase in expenses, as discussed above.

46

Integrated Agencies Network

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$406,190 $385,133 $21,057 5.5 %Operating ExpensesCost of services272,035 255,958 16,077 6.3 %Office and general expenses67,952 72,589 (4,637)(6.4)%Depreciation and amortization20,102 19,472 630 3.2 %$360,089 $348,019 $12,070 3.5 %Operating Income$46,101 $37,114 $8,987 24.2 %

Three Months Ended June 30,20242023Change(dollars in thousands)$%Net Revenue$344,888 $321,870 $23,018 7.2 %Billable costs 61,302 63,263 (1,961)(3.1)%Revenue406,190 385,133 21,057 5.5 %Billable costs61,302 63,263 (1,961)(3.1)%Staff costs205,975 195,193 10,782 5.5 %Administrative costs34,094 33,902 192 0.6 %Unbillable and other costs, net27,309 24,780 2,529 10.2 %Adjusted EBITDA77,510 67,995 9,515 14.0 %Stock-based compensation12,288 4,849