Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 101

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 101
---
,929 90,516 Operating income60,913 41,779 102,370 89,540 Depreciation and amortization44,260 36,044 127,635 112,881 Impairment and other losses466 — 466 1,715 Stock-based compensation12,646 16,935 44,143 38,926 Deferred acquisition consideration(13,348)560 (9,911)7,950 Other items, net9,645 15,851 23,316 36,576 Adjusted EBITDA$114,582 $111,169 $288,019 $287,588 (1) Non-operating items includes items within the Statements of Operations, below Operating Income, and above Net income (loss) attributable to Stagwell Inc. common shareholders. 

38

THREE MONTHS ENDED SEPTEMBER 30, 2025 COMPARED TO THREE MONTHS ENDED SEPTEMBER 30, 2024

Consolidated Results of Operations 

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

Three Months Ended September 30,20252024Change(dollars in thousands)$%Revenue$742,998 $711,281 $31,717 4.5 %Operating ExpensesCost of services470,937 457,018 13,919 3.0 %Office and general expenses166,422 176,440 (10,018)(5.7)%Depreciation and amortization44,260 36,044 8,216 22.8 %Impairment and other losses466 — 466 100.0 %$682,085 $669,502 $12,583 1.9 %Operating Income$60,913 $41,779 $19,134 45.8 %

Three Months Ended September 30,20252024Change(dollars in thousands)$%Net Revenue$614,522 $580,193 $34,329 5.9 %Billable costs 128,476 131,088 (2,612)(2.0)%Revenue742,998711,28131,717 4.5 %Billable costs128,476 131,088 (