Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 192

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 192
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 add-backs50,964 Net loss attributable to Class C shareholders(3,582)47,382 $85,797 

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

Adjusted EBITDA

Adjusted EBITDA for the six months ended June 30, 2025, was $173.4 million, compared to $176.4 million for the six months ended June 30, 2024, representing a decrease of $3.0 million, primarily driven by a decrease in Operating Income, as discussed above.

57

Integrated Agencies Network

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

Six Months Ended June 30,20252024Change(dollars in thousands)$%Revenue$783,544 $737,852 $45,692 6.2 %Operating ExpensesCost of services510,317 496,439 13,878 2.8 %Office and general expenses137,617 141,596 (3,979)(2.8)%Depreciation and amortization41,466 38,853 2,613 6.7 %Impairment and other losses— 1,500 (1,500)(100.0)%$689,400 $678,388 $11,012 1.6 %Operating Income$94,144 $59,464 $34,680 58.3 %

Six Months Ended June 30,20252024Change(dollars in thousands)$%Net Revenue$670,682 $614,642 $56,040 9.1 %Billable costs 112,862 123,210 (10,348)(8.4)%Revenue783,544 737,852 45,692 6.2 %Billable costs112,862 123,210 (10,348)(8.4)%Staff costs405,857 381,727 24,130 6.3 %Administrative costs65,738 64,504 1,234 1.9 %Unbillable and other costs, net44,408 40,308 4,100 10.2 %Adjusted EBITDA154,679 128,103 26,576