Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 99

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 99
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agwell Inc. common shareholders. 

42

THREE MONTHS ENDED JUNE 30, 2025 COMPARED TO THREE MONTHS ENDED JUNE 30, 2024

Consolidated Results of Operations 

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

Three Months Ended June 30,20252024Change(dollars in thousands)$%Revenue$706,818 $671,168 $35,650 5.3 %Operating ExpensesCost of services459,216 438,912 20,304 4.6 %Office and general expenses183,061 168,133 14,928 8.9 %Depreciation and amortization41,369 42,001 (632)(1.5)%Impairment and other losses— 215 (215)(100.0)%$683,646 $649,261 $34,385 5.3 %Operating Income$23,172 $21,907 $1,265 5.8 %

Three Months Ended June 30,20252024Change(dollars in thousands)$%Net Revenue$598,129 $554,392 $43,737 7.9 %Billable costs 108,689 116,776 (8,087)(6.9)%Revenue706,818671,16835,650 5.3 %Billable costs108,689 116,776 (8,087)(6.9)%Staff costs381,270 355,349 25,921 7.3 %Administrative costs75,874 69,534 6,340 9.1 %Unbillable and other costs, net48,130 43,406 4,724 10.9 %Adjusted EBITDA92,855 86,103 6,752 7.8 %Stock-based compensation19,954 5,875 14,079 239.6 %Depreciation and amortization41,369 42,001 (632)(1.5)%Deferred acquisition consideration(3,220)7,236 (10,456)NMImpairment and other losses— 215 (215)(100.0)%Other items, net11,580