Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 160

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 160
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DA279,002 94,873 116,874 490,749 Adjusted EBITDA - All Other(15,824)Adjusted EBITDA - Corporate(64,138)Total Consolidated Adjusted EBITDA410,787 Stock-based compensation52,161 Depreciation and amortization151,652 Deferred acquisition consideration22,995 Impairment and other losses1,715 Other items, net49,196 Operating Income133,068 Interest expense, net(92,317)Foreign exchange, net(1,656)Other, net(1,372)(95,345)Income before income taxes and equity in earnings of non-consolidated affiliates37,723 Income tax expense13,182 Income before equity in earnings of non-consolidated affiliates24,541 Equity in income of non-consolidated affiliates503 Net income25,044 Net income attributable to noncontrolling and redeemable noncontrolling interests(22,785)Net income attributable to Stagwell Inc. common shareholders$2,259 (1) Total consolidated revenue of $2,841,216 also includes revenue associated with operating segments that do not meet the aggregation criteria and elimination of certain intercompany service and  revenue, which amounted to $38,747. *For each reportable segment, Unbillable and other costs includes costs to fulfill customer contract requirements such as research and subscription related costs, audience measurement, data and analytics, and panels and survey costs; and also includes travel related expenses associated with contract fulfillment.

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Year Ended December 31, 2023Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkTotal(dollars in thousands)Revenue (1)$1,418,711 $728,174 $333,707 $2,480,592 Billable costs185,913 100,364 88,446 374,723 Staff costs768,846 386,803 159,165 1,314,814 Administrative costs122,618 87,337 33,664 243,619 Unbillable and other costs *71,776 55,891 613 128,280 Adjusted EBITDA269,558 97,779 51,819 419,156 Adjusted EBITDA - All Other(10,607)Adjusted EBITDA - Corporate(48,410)Total Consolidated Adjusted EBITDA360,139 Stock-based compensation