Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 117

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 117
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11,012 1.6 %Operating Income$94,144 $59,464 $34,680 58.3 %

Six Months Ended June 30,20252024Change(dollars in thousands)$%Net Revenue$670,682 $614,642 $56,040 9.1 %Billable costs 112,862 123,210 (10,348)(8.4)%Revenue783,544 737,852 45,692 6.2 %Billable costs112,862 123,210 (10,348)(8.4)%Staff costs405,857 381,727 24,130 6.3 %Administrative costs65,738 64,504 1,234 1.9 %Unbillable and other costs, net44,408 40,308 4,100 10.2 %Adjusted EBITDA154,679 128,103 26,576 20.7 %Stock-based compensation16,433 14,170 2,263 16.0 %Depreciation and amortization41,466 38,853 2,613 6.7 %Deferred acquisition consideration1,571 4,576 (3,005)(65.7)%Impairment and other losses— 1,500 (1,500)(100.0)%Other items, net1,065 9,540 (8,475)(88.8)%Operating Income$94,144 $59,464 $34,680 58.3 %

Revenue

Revenue for the six months ended June 30, 2025 was $783.5 million, compared to $737.9 million for the six months ended June 30, 2024, an increase of $45.7 million. 

58

Net Revenue

The components of the fluctuations in net revenue for the six months ended June 30, 2025, compared to the six months ended June 30, 2024, were as follows: 

Net Revenue - Components of ChangeChangeSix Months Ended June 30, 2024Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeSix Months Ended June 30, 2025OrganicTotal(dollars in thousands)Integrated Agencies Network$614,642$(198)$13,580$42,658$56,040$670