Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 193

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 193
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 a decrease in Deferred acquisition consideration.

Deferred acquisition consideration decreased $10.5 million, primarily as a result of a decrease in the fair value of a certain Brand.

Adjusted EBITDA decreased $17.4 million, primarily due to a decrease in Net revenue,  as discussed above.

50

The Marketing Cloud

The 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$27,187 $11,443 $15,744 137.6 %Operating ExpensesCost of services14,136 5,554 8,582 154.5 %Office and general expenses3,155 9,341 (6,186)(66.2)%Depreciation and amortization6,455 2,679 3,776 140.9 %Impairment and other losses244 — 244 100.0 %$23,990 $17,574 $6,416 36.5 %Operating Income (Loss)$3,197 $(6,131)$9,328 (152.1)%

Three Months Ended September 30,20252024Change(dollars in thousands)$%Net Revenue$27,182 $11,443 $15,739 137.5 %Billable costs 5 — 5 100.0 %Revenue27,187 11,443 15,744 137.6 %Billable costs5 — 5 100.0 %Staff costs18,763 8,887 9,876 111.1 %Administrative costs3,663 3,505 158 4.5 %Unbillable and other costs, net5,883 2,481 3,402 137.1 %Adjusted EBITDA(1,127)(3,430)2,303 (67.1)%Stock-based compensation200 363 (163)(44.9)%Depreciation and amortization6,455 2,679 3,776 140.9 %Deferred acquisition consideration(12,419)(384)(12,035)NMImpairment and other losses244 — 244 100.0 %Other items, net1,