Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 119

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 119
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iation and amortization15,867 19,229 (3,362)(17.5)%$332,134 $377,506 $(45,372)(12.0)%Operating Income$183 $13,701 $(13,518)(98.7)%

59

Six Months Ended June 30,20252024Change(dollars in thousands)$%Net Revenue$301,726 $319,670 $(17,944)(5.6)%Billable costs 30,591 71,537 (40,946)(57.2)%Revenue332,317 391,207 (58,890)(15.1)%Billable costs30,591 71,537 (40,946)(57.2)%Staff costs196,710 197,695 (985)(0.5)%Administrative costs48,991 46,596 2,395 5.1 %Unbillable and other costs, net28,901 30,179 (1,278)(4.2)%Adjusted EBITDA27,124 45,200 (18,076)(40.0)%Stock-based compensation2,177 3,488 (1,311)(37.6)%Depreciation and amortization15,867 19,229 (3,362)(17.5)%Deferred acquisition consideration1,530 495 1,035 209.1 %Other items, net7,367 8,287 (920)(11.1)%Operating Income$183 $13,701 $(13,518)(98.7)%

Revenue

Revenue for the six months ended June 30, 2025, was $332.3 million, compared to $391.2 million for the six months ended June 30, 2024, a decrease of $58.9 million.

Net Revenue

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

Net Revenue - Components of ChangeChangeSix Months Ended June 30, 2024Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeSix Months Ended June 30, 2025OrganicTotal(dollars in thousands)Brand Performance Network$319,670$1,011$142$(19,097)$(17,944)$301