Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 13

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 7
Chunk 13
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 shareholders - add-backs67,087 Net income attributable to Class C shareholders39,066 106,153 Net income attributable to Stagwell Inc. common shareholders $158,865 

 (1) Adjusted Diluted EPS is defined within the Non-GAAP Financial Measures section of the Executive Summary.

Adjusted EBITDA

Adjusted EBITDA for the year ended December 31, 2024, was $410.8 million, compared to $360.1 million for the year ended December 31, 2023, representing an increase of $50.6 million, primarily driven by an increase in Operating Income, as discussed above.

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Integrated Agencies Network

The components of operating results for the year ended December 31, 2024 compared to the year ended December 31, 2023 were as follows: 

Year Ended December 31,20242023Change(dollars in thousands)$%Revenue$1,535,445 $1,418,711 $116,734 8.2 %Operating ExpensesCost of services1,026,587 928,406 98,181 10.6 %Office and general expenses290,991 280,388 10,603 3.8 %Depreciation and amortization78,076 81,957 (3,881)(4.7)%Impairment and other losses1,500 11,299 (9,799)(86.7)%$1,397,154 $1,302,050 $95,104 7.3 %Operating Income$138,291 $116,661 $21,630 18.5 %

Year Ended December 31,20242023Change(dollars in thousands)$%Net Revenue$1,272,753 $1,232,798 $39,955 3.2 %Billable costs 262,692 185,913 76,779 41.3 %Revenue1,535,445 1,418,711 116,734 8.2 %Billable costs262,692 185,913 76,779 41.3 %Staff costs792,041 768,846 23,195 3.0 %Administrative costs128,954 122,618 6,336 5.2 %Unbillable and other costs, net72,756 71,776