Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 38

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 38
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 amortization17,436 9,309 8,127 87.3 %Deferred acquisition consideration(10,919)(384)(10,535)NMImpairment and other losses244 — 244 100.0 %Other items, net2,448 542 1,906 351.7 %Operating Loss$(15,373)$(20,522)$5,149 (25.1)%

Revenue

Revenue for the nine months ended September 30, 2025 was $78.8 million compared to $25.8 million for the nine months ended September 30, 2024, an increase of $53.0 million. 

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Net Revenue

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

Net Revenue - Components of ChangeChangeNine Months Ended September 30, 2024Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeNine Months Ended September 30, 2025OrganicTotal(dollars in thousands)The Marketing Cloud$25,823 $455 $53,523 $(1,032)$52,946 $78,769 (4.0)%NMComponent % change1.8 %NM(4.0)%NM

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

Operating Loss

Operating Loss for the nine months ended September 30, 2025 was $15.4 million compared to $20.5 million for the nine months ended September 30, 2024, representing a decrease of $5.1 million. The decrease in Operating Loss was primarily attributable to an increase in Net revenue, partially offset by an increase in Cost of Services, Office and general expenses, and Depreciation and amortization.

Cost of services increased $26.7 million, primarily attributable to the inclusion of costs from acquired entities.

Office and general expenses increased $12.7 million primarily due to higher staff costs and the inclusion of costs from acquired entities, partially offset by a decrease in deferred acquisition consideration expense. 

Deferred acquisition consideration decreased by $10.5 million, primarily attributable to a decrease in the fair value of a certain Brand.

Depreciation and amortization increased by $8.1 million, primarily attributable to the inclusion of costs from acquired entities.

Adjusted