Company: STGW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000876883-25-000017
Chunk: 139

Company: Stagwell Inc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 139
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272 Adjusted tax expense(10,320)$42,952 

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

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Diluted EPS and Adjusted Diluted EPS for the three months ended March 31, 2024, were as follows:

GAAPAdjustmentsNon-GAAP(amounts in thousands, except per share amounts)Net income (loss) attributable to Stagwell Inc. common shareholders$(1,506)$19,480 $17,974 Net income attributable to Class C shareholders— 24,554 24,554 Net income (loss) attributable to Stagwell Inc. and Class C shareholders and adjusted net income$(1,506)$44,034 $42,528 Weighted average number of common shares outstanding116,405 4,534 120,939 Weighted average number of shares of Class C Common Stock outstanding— 151,649 151,649 Weighted average number of shares outstanding116,405 156,183 272,588 Diluted EPS and Adjusted Diluted EPS (1)$(0.01)$0.16 Adjustments to Net income (loss)Amortization$28,203 Impairment and other losses1,500Stock-based compensation16,116 Deferred acquisition consideration154 Other items, net11,856 57,829 Adjusted tax expense(12,748)45,081 Net loss attributable to Class C shareholders(1,047)$44,034 Allocation of adjustments to Net income (loss)Net income attributable to Stagwell Inc. common shareholders - add-backs$19,480 Net income attributable to Class C shareholders - add-backs25,601 Net loss attributable to Class C shareholders(1,047)24,554 $44,034 

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

Adjusted EBITDA

Adjusted EBITDA for the three months ended March 31, 2025, was $80.6 million, compared to $90.3 million for the three months ended March 31, 2024, representing a decrease of $9.7 million, primarily driven by a decrease in Operating Income, as discussed above.

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Integrated Agencies Network

The components of operating results for the three months ended March 31, 2025 compared to the three