Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 29

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 29
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 outstanding111,436 — 111,436 Weighted average number of shares of Class C Common Stock outstanding— 151,649 151,649 Diluted - Weighted average number of shares outstanding111,436 151,649 263,085 Diluted EPS and Adjusted Diluted EPS (1)$(0.01)$0.53 Adjustments to Net income (loss)Amortization$91,870 Impairment and other losses1,715Stock-based compensation38,926 Deferred acquisition consideration7,950 Other items, net36,576 177,037 Adjusted tax expense(41,268)135,769 Net loss attributable to Class C shareholders5,850 $141,619 Allocation of adjustments to Net income (loss)Net income attributable to Stagwell Inc. common shareholders$58,177 Net income attributable to Class C shareholders - add-backs77,592 Net income attributable to Class C shareholders5,850 83,442 $141,619 

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

Adjusted EBITDA

Adjusted EBITDA for the nine months ended September 30, 2025 was $288.0 million, compared to $287.6 million for the nine months ended September 30, 2024, representing an increase of $0.4 million, primarily driven by an increase in Net revenue, partially offset by an increase in expenses, as discussed above.

57

Marketing Services

The components of operating results for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024 were as follows: 

Nine Months Ended September 30,20252024Change(dollars in thousands)$%Revenue$839,457 $782,371 $57,086 7.3 %Operating ExpensesCost of services547,744 530,492 17,252 3.3 %Office and general expenses158,316 156,495 1,821 1.2 %Depreciation and amortization40,141 40,426 (285)(0.7)%Impairment and other losses— 1,500 (1,500)(100.0)%$746,201 $728,913 $17,288 2.4 %Operating Income$93,256 $