Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 30

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 30
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53,458 $39,798 74.4 %

Nine Months Ended September 30,20252024Change(dollars in thousands)$%Net Revenue$714,867 $658,175 $56,692 8.6 %Billable costs 124,590 124,196 394 0.3 %Revenue839,457 782,371 57,086 7.3 %Billable costs124,590 124,196 394 0.3 %Staff costs421,226 407,948 13,278 3.3 %Administrative costs86,433 74,293 12,140 16.3 %Unbillable and other costs, net60,230 53,176 7,054 13.3 %Adjusted EBITDA146,978 122,758 24,220 19.7 %Stock-based compensation15,069 15,002 67 0.4 %Depreciation and amortization40,141 40,426 (285)(0.7)%Deferred acquisition consideration(4,784)2,000 (6,784)NMImpairment and other losses— 1,500 (1,500)(100.0)%Other items, net3,296 10,372 (7,076)(68.2)%Operating Income$93,256 $53,458 $39,798 74.4 %

Revenue

Revenue for the nine months ended September 30, 2025 was $839.5 million, compared to $782.4 million for the nine months ended September 30, 2024, an increase of $57.1 million. 

58

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)Marketing Services$658,175 $1,473 $2,916 $52,303 $56,692 $714,867 7.9 %8.6 %Component % change0.2 %0