Company: STGW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000876883-25-000017
Chunk: 40

Company: Stagwell Inc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 40
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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.

39

Integrated Agencies Network

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$377,354 $352,719 $24,635 7.0 %Operating ExpensesCost of services238,282 240,481 (2,199)(0.9)%Office and general expenses69,665 69,007 658 1.0 %Depreciation and amortization21,364 19,381 1,983 10.2 %Impairment and other losses— 1,500 (1,500)(100.0)%$329,311 $330,369 $(1,058)(0.3)%Operating Income$48,043 $22,350 $25,693 115.0 %

Three Months Ended March 31,20252024Change(dollars in thousands)$%Net Revenue$325,794 $292,772 $33,022 11.3 %Billable costs 51,560 59,947 (8,387)(14.0)%Revenue377,354 352,719 24,635 7.0 %Billable costs