Company: STGW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000876883-25-000017
Chunk: 134

Company: Stagwell Inc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 134
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enna, and travel media experts Ink.

•The Communications Network reportable segment comprises a single operating segment, our specialist network that provides advocacy, strategic corporate communications, investor relations, public relations, online fundraising and other services to both corporations and political and advocacy organizations and includes Allison, SKDK, Targeted Victory, and Consulum. 

The Company combines and discloses operating segments that do not meet the aggregation criteria and includes the elimination of certain intercompany services and revenue, within “All Other.” All Other consists of the Company’s “software as a service” (“SaaS”) and “data as a service” (“DaaS”) technology tools. 

The Company reports corporate expenses as “Corporate.” Corporate consists of corporate office expenses incurred in connection with the strategic resources provided to the operating segments, as well as certain other centrally managed expenses that are not fully allocated to the operating segments. These office and general expenses include (i) salaries and related expenses for corporate office employees, including employees dedicated to supporting the operating segments, (ii) occupancy expenses relating to properties occupied by all corporate office employees, (iii) other office and general expenses including professional fees for the financial statement audits and other public company costs, and (iv) certain other professional fees managed by the corporate office. 

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The following discussion focuses on the operating performance of the Company for the three months ended March 31, 2025, and 2024 and the financial condition of the Company as of March 31, 2025.

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Results of Operations:

Three Months Ended March 31,20252024(dollars in thousands)Revenue:Integrated Agencies Network$377,354 $352,719 Brand Performance Network162,218 213,962 Communications Network87,628 93,746 All Other24,540 9,632 Total Revenue$651,740 $670,059 Operating Income$18,285 $25,854 Other Income (Expenses):Interest expense, net$(23,356)$(20,965)Foreign exchange, net1,220 (2,258)Other, net249 (1,267)Income (loss) before income taxes and equity in earnings of non-consolidated affiliates(3,602)1,364 Income tax expense1,722 2,585 Loss before equity in earnings of non-consolidated affiliates(5,324)(1,221)Equity in income (loss) of non-consolidated affiliates