Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 196

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 196
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ations Network

The components of operating results for the six months ended June 30, 2025, compared to the six months ended June 30, 2024, were as follows: 

Six Months Ended June 30,20252024Change(dollars in thousands)$%Revenue$193,756 $199,316 $(5,560)(2.8)%Operating ExpensesCost of services128,015 126,460 1,555 1.2 %Office and general expenses36,565 36,166 399 1.1 %Depreciation and amortization10,147 5,984 4,163 69.6 %$174,727 $168,610 $6,117 3.6 %Operating Income$19,029 $30,706 $(11,677)(38.0)%

Six Months Ended June 30,20252024Change(dollars in thousands)$%Net Revenue$141,340 $139,881 $1,459 1.0 %Billable costs 52,416 59,435 (7,019)(11.8)%Revenue193,756 199,316 (5,560)(2.8)%Billable costs52,416 59,435 (7,019)(11.8)%Staff costs89,389 80,395 8,994 11.2 %Administrative costs19,724 17,083 2,641 15.5 %Unbillable and other costs, net1,115 846 269 31.8 %Adjusted EBITDA31,112 41,557 (10,445)(25.1)%Stock-based compensation1,432 1,876 (444)(23.7)%Depreciation and amortization10,147 5,984 4,163 69.6 %Deferred acquisition consideration(1,163)2,319 (3,482)NMOther items, net1,667 672 995 148.1 %Operating Income$19,029 $30,706 $(11,677)(38.0)%

Revenue

Revenue for the six months ended June 30, 2025 was $193.8 million, compared to $199.3 million for the six months ended June 30, 2024, a decrease of $5.6