Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 188

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 188
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,437 7,390 (3,953)(53.5)%Impairment and other losses— 1,715 (1,715)(100.0)%Other items, net13,671 20,725 (7,054)(34.0)%Operating Income (1)$41,457 $47,761 $(6,304)(13.2)%(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 six months ended June 30, 2025 was $1,358.6 million, compared to $1,341.2 million for the six months ended June 30, 2024, an increase of $17.3 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)Integrated Agencies Network$614,642$(198)$13,580$42,658$56,040$670,6826.9%9.1%Brand Performance Network319,6701,011142(19,097)(17,944)301,726(6.0)%(5.6)%Communications Network139,88110125,203(23,845)1,459141,340(17.0)%1.0%All Other12,653(80)29,7646,23135,91548,56849.2%283.8%$1,086,846$834$68,689$5,947$75,470$1,162,3160.5%6.9%Component % change0.1%6.3%0.5%6.9%

For the six months ended June 30, 2025, organic net revenue increased by $5.9 million, or 0.5%. The increase was primarily attributable to new wins and increased spending by clients in the technology and retail sectors. This increase was partially offset by losses and a decrease in client spending due to budget cuts in the consumer products sector. The increase