Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 175

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 175
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649,261 $34,385 5.3 %Operating Income$23,172 $21,907 $1,265 5.8 %

Three Months Ended June 30,20252024Change(dollars in thousands)$%Net Revenue$598,129 $554,392 $43,737 7.9 %Billable costs 108,689 116,776 (8,087)(6.9)%Revenue706,818671,16835,650 5.3 %Billable costs108,689 116,776 (8,087)(6.9)%Staff costs381,270 355,349 25,921 7.3 %Administrative costs75,874 69,534 6,340 9.1 %Unbillable and other costs, net48,130 43,406 4,724 10.9 %Adjusted EBITDA92,855 86,103 6,752 7.8 %Stock-based compensation19,954 5,875 14,079 239.6 %Depreciation and amortization41,369 42,001 (632)(1.5)%Deferred acquisition consideration(3,220)7,236 (10,456)NMImpairment and other losses— 215 (215)(100.0)%Other items, net11,580 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.

43

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