Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 55

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 55
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Item 1.    Financial Statements

STAGWELL INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(amounts in thousands, except per share amounts)

 Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Revenue$742,998 $711,281 $2,101,556 $2,052,508 Operating ExpensesCost of services470,937 457,018 1,342,240 1,340,456 Office and general expenses166,422 176,440 528,845 507,916 Depreciation and amortization44,260 36,044 127,635 112,881 Impairment and other losses466 — 466 1,715 682,085 669,502 1,999,186 1,962,968 Operating Income60,913 41,779 102,370 89,540 Other income (expenses):Interest expense, net(25,196)(23,781)(72,007)(68,279)Foreign exchange, net(366)1,312 (484)(2,301)Other, net(2,032)249 (2,143)(825)(27,594)(22,220)(74,634)(71,405)Income before income taxes and equity in earnings of non-consolidated affiliates33,319 19,559 27,736 18,135 Income tax expense9,555 5,691 13,950 9,441 Income before equity in earnings of non-consolidated affiliates23,764 13,868 13,786 8,694 Equity in income (loss) of non-consolidated affiliates(1)(4)18 503 Net income23,763 13,864 13,804 9,197 Net (income) loss attributable to noncontrolling and redeemable noncontrolling interests856 (10,593)2,637 (10,173)Net income (loss) attributable to Stagwell Inc. common shareholders$24,619 $3,271 $16,441 $(976)Earnings (Loss) Per Common Share:   Basic$0.10 $0.03 $0.08 $(0.01)   Diluted$0.09