Company: STGW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000876883-25-000017
Chunk: 135

Company: Stagwell Inc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 135
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(1)508 Net loss(5,325)(713)Net (income) loss attributable to noncontrolling and redeemable noncontrolling interests2,408 (569)Net loss attributable to Stagwell Inc. common shareholders$(2,917)$(1,282)Reconciliation to Adjusted EBITDA:Net loss attributable to Stagwell Inc. common shareholders$(2,917)$(1,282)Non-operating items (1)21,202 27,136 Operating income18,285 25,854 Depreciation and amortization42,006 34,836 Impairment and other losses— 1,500 Stock-based compensation11,543 16,116 Deferred acquisition consideration6,657 154 Other items, net2,091 11,856 Adjusted EBITDA$80,582 $90,316 (1) Non-operating items includes items within the Statements of Operations, below Operating Income, and above Net income (loss) attributable to Stagwell Inc. common shareholders. 

35

THREE MONTHS ENDED MARCH 31, 2025 COMPARED TO THREE MONTHS ENDED MARCH 31, 2024

Consolidated Results of Operations 

The components of operating results for the three months ended March 31, 2025, compared to the three months ended March 31, 2024, were as follows: 

Three Months Ended March 31,20252024Change(dollars in thousands)$%Revenue$651,740 $670,059 $(18,319)(2.7)%Operating ExpensesCost of services412,087 444,526 (32,439)(7.3)%Office and general expenses179,362 163,343 16,019 9.8 %Depreciation and amortization42,006 34,836 7,170 20.6 %Impairment and other losses— 1,500 (1,500)(100.0)%$633,455 $644,205 $(10,750)(1.7)%Operating Income$18,285 $25,854 $(7,569)(29.3)%

Three Months Ended March 31,20252024Change(dollars in thousands)$%Net Revenue$564,187 $532,454 $31,733 6.0 %Billable costs 87,