Company: STGW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000876883-25-000017
Chunk: 91

Company: Stagwell Inc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 91
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 such as research and subscription related costs, audience measurement, data and analytics, and panels and survey costs; and also includes travel related expenses associated with contract fulfillment.

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Three Months Ended March 31, 2024Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkTotal(dollars in thousands)Revenue (1)$352,719 $213,962 $93,746 $660,427 Billable costs59,947 51,400 26,258 137,605 Staff costs186,534 98,431 39,264 324,229 Administrative costs30,602 22,071 8,704 61,377 Unbillable and other costs *15,528 14,566 136 30,230 Adjusted EBITDA60,108 27,494 19,384 106,986 Adjusted EBITDA - All Other(3,986)Adjusted EBITDA - Corporate(12,684)Total Consolidated Adjusted EBITDA90,316 Stock-based compensation16,116 Depreciation and amortization34,836 Deferred acquisition consideration154 Impairment and other losses1,500 Other items, net11,856 Operating Income25,854 Other income (expenses):Interest expense, net(20,965)Foreign exchange, net(2,258)Other, net(1,267)(24,490)Income before income taxes and equity in earnings of non-consolidated affiliates1,364 Income tax expense2,585 Loss before equity in earnings of non-consolidated affiliates(1,221)Equity in income of non-consolidated affiliates508 Net loss(713)Net income attributable to noncontrolling and redeemable noncontrolling interests(569)Net loss attributable to Stagwell Inc. common shareholders$(1,282)(1) Total consolidated revenue of $670,059 also includes revenue of $9,632 associated with operating segments that do not meet the aggregation criteria and elimination of certain intercompany service and revenue.*For each reportable segment, Unbillable and other costs includes costs to fulfill customer contract requirements such as research and subscription related costs, audience measurement, data and analytics, and panels and survey costs; and also includes travel related expenses associated with contract fulfillment.The Company’s long-lived assets (i.e., Right-of-use lease assets-operating leases and Fixed asset, net) was $278.7 million ($208.4