Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 14

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 14
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19,762 Net income attributable to Class C shareholders - add-backs26,628 Net income attributable to Class C shareholders9,432 36,060 $55,822 

(1) Adjusted Diluted EPS is defined within the Non-GAAP Financial Measures section of the Executive Summary.

Adjusted EBITDA 

Adjusted EBITDA for the three months ended September 30, 2025 was $114.6 million, compared to $111.2 million for the three months ended September 30, 2024, representing an increase of $3.4 million, primarily driven by an increase in Net revenue, partially offset by an increase in Staff costs due to the inclusion of costs from acquired entities, as discussed above.

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Marketing Services

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$297,195 $267,675 $29,520 11.0 %Operating ExpensesCost of services191,902 179,668 12,234 6.8 %Office and general expenses54,786 53,447 1,339 2.5 %Depreciation and amortization13,012 13,572 (560)(4.1)%$259,700 $246,687 $13,013 5.3 %Operating Income$37,495 $20,988 $16,507 78.6 %

Three Months Ended September 30,20252024Change(dollars in thousands)$%Net Revenue$246,094 $225,411 $20,683 9.2 %Billable costs 51,101 42,264 8,837 20.9 %Revenue297,195 267,675 29,520 11.0 %Billable costs51,101 42,264 8,837 20.9 %Staff costs144,354 139,694 4,660 3.3 %Administrative costs27,919 26,825 1,094 4.1 %Unbillable and other costs, net17,227 15,435 1,792 11.6 %Adjusted EBITDA56,594 43,457