Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 9

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 9
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 components of operating results for the three months ended September 30, 2025 compared to the three months ended September 30, 2024 were as follows: 

Three Months Ended September 30,20252024Change(dollars in thousands)$%Revenue$742,998 $711,281 $31,717 4.5 %Operating ExpensesCost of services470,937 457,018 13,919 3.0 %Office and general expenses166,422 176,440 (10,018)(5.7)%Depreciation and amortization44,260 36,044 8,216 22.8 %Impairment and other losses466 — 466 100.0 %$682,085 $669,502 $12,583 1.9 %Operating Income$60,913 $41,779 $19,134 45.8 %

Three Months Ended September 30,20252024Change(dollars in thousands)$%Net Revenue$614,522 $580,193 $34,329 5.9 %Billable costs 128,476 131,088 (2,612)(2.0)%Revenue742,998711,28131,717 4.5 %Billable costs128,476 131,088 (2,612)(2.0)%Staff costs387,210 361,979 25,231 7.0 %Administrative costs71,792 69,556 2,236 3.2 %Unbillable and other costs, net40,938 37,489 3,449 9.2 %Adjusted EBITDA114,582 111,169 3,413 3.1 %Stock-based compensation12,646 16,935 (4,289)(25.3)%Depreciation and amortization44,260 36,044 8,216 22.8 %Deferred acquisition consideration(13,348)560 (13,908)NMImpairment and other losses466 — 466 100.0 %Other items, net9,645 15,851 (6,206)(39.2)%Operating Income (1)$60,913 $41,779 $19,134 45.8 %(1) See the Results of Operations section above for