Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 8

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 7
Chunk 8
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-based compensation52,161 57,179 (5,018)(8.8)%Depreciation and amortization151,652 142,831 8,821 6.2 %Deferred acquisition consideration22,995 13,060 9,935 76.1 %Impairment and other losses1,715 11,395 (9,680)(84.9)%Other items, net49,196 45,147 4,049 9.0 %Operating Income (1)$133,068 $90,527 $42,541 47.0 %(1) See the Results of Operations section above for a reconciliation of Operating Income to Net income (loss) attributable to Stagwell Inc. common shareholders.

Revenue

Revenue for the year ended December 31, 2024 was $2,841.2 million, compared to $2,527.2 million for the year ended December 31, 2023, an increase of $314.0 million.

34

Net Revenue

The components of the fluctuations in net revenue for the year ended December 31, 2024, compared to the year ended December 31, 2023, were as follows: 

Net Revenue - Components of ChangeChangeYear Ended December 31, 2023Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeYear Ended December 31, 2024OrganicTotal(dollars in thousands)Integrated Agencies Network$1,232,798$226$7,208$32,521$39,955$1,272,7532.6%3.2%Brand Performance Network627,8102,2202,25218,94823,420651,2303.0%3.7%Communications Network245,261(28)22,17766,38588,534333,79527.1%36.1%All Other46,585(984)(609)(6,108)(7,701)38,884(13.1)%(16.5)%$2,152,454$1,434$31,028$111,746$144,208$2,296,6625.2%6.7%Component % change0.1%1.4%5.2%6.7%

For the year ended December 31, 2024, organic net revenue increased $111.7 million, or 5.