Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 7

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 7
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 broadcasts, on a daily basis to monitor, analyze, and respond to market trends. Media studio products that leverage first-party, third-party, and proprietary data to provide actionable audience insights and attribution analytics and advanced media platforms that encompass audience engagement solutions such as AR, quick response (QR) codes, and loyalty programs, all designed to collect consumer data and generate actionable insights. Together, these capabilities empower marketers to understand, engage, and influence their audiences with precision and agility. Brands in this segment include, but are not limited to, QUEST, Unicepta, Smart Assets and ARound. 

The Company reports corporate expenses as “Corporate and eliminations” which consists of office expenses incurred in connection with the strategic resources provided to the operating segments, as well as certain other centrally managed expenses that are not fully allocated to the operating segments. These office and general expenses include (i) salaries and related expenses for corporate office employees, including employees dedicated to supporting the operating segments, (ii) occupancy expenses relating to properties occupied by all corporate office employees, (iii) other office and general expenses including professional fees for the financial statement audits and other public company costs, (iv) certain other professional fees managed by the corporate office, and v) the elimination of certain intercompany services and revenue.

The following discussion focuses on the operating performance of the Company for the three and nine months ended September 30, 2025 and 2024 and the financial condition of the Company as of September 30, 2025.

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Results of Operations:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(dollars in thousands)Revenue:Marketing Services$297,195 $267,675 $839,457 $782,371 Digital Transformation103,710 88,292 292,188 248,976 Media & Commerce174,738 159,595 479,648 521,963 Communications144,947 184,665 420,215 473,957 The Marketing Cloud27,187 11,443 78,785 25,823 Eliminations(4,779)(389)(8,737)(582)Total Revenue$742,998 $711,281 $2,101,556 $2,052,508 Operating Income$60,913 $41,779 $102,370 $89,540 Other Income (Expenses):Interest expense, net$(25,196)$(