Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 100

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 100
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 8,869 2,711 30.6 %Operating Income (1)$23,172 $21,907 $1,265 5.8 %(1) See the Results of Operations section above for a reconciliation of Operating Income to Net income (loss) attributable to Stagwell Inc. common shareholders.

Revenue

Revenue for the three months ended June 30, 2025 was $706.8 million, compared to $671.2 million for the three months ended June 30, 2024, an increase of $35.7 million.

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Net Revenue

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

Net Revenue - Components of ChangeChangeThree Months Ended June 30, 2024Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeThree Months Ended June 30, 2025OrganicTotal(dollars in thousands)Integrated Agencies Network$321,870$744$9,037$13,237$23,018$344,8884.1%7.2%Brand Performance Network157,1082,289142(4,671)(2,240)154,868(3.0)%(1.4)%Communications Network72,39314410,855(9,050)1,94974,342(12.5)%2.7%All Other3,0217417,1183,81821,01024,031126.4%695.5%$554,392$3,251$37,152$3,334$43,737$598,1290.6%7.9%Component % change0.6%6.7%0.6%7.9%

For the three months ended June 30, 2025, organic net revenue increased $3.3 million, or 0.6%. The increase was primarily attributable to new wins and increased spending by clients in the automotive and retail sectors, partially offset by losses and a decrease in client spending due to budget cuts in the consumer products sectors. The increase in net acquisitions (divestitures) was impacted by the acquisitions of JetFuel Studio LLC and Powered by JetFuel LLC (“Jetfuel”), Create Group Holding Limited (“Create”), Consulum (Cayman) Limited (“Consulum”), L.D.R.S. Group Ltd. (“