Company: STGW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000876883-25-000017
Chunk: 90

Company: Stagwell Inc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 90
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 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, and (iv) certain other professional fees managed by the corporate office. 

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Three Months Ended March 31, 2025Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkTotal(dollars in thousands)Revenue (1)$377,354 $162,218 $87,628 $627,200 Billable costs51,560 15,360 20,630 87,550 Staff costs199,882 96,450 44,577 340,909 Administrative costs31,644 23,407 10,174 65,225 Unbillable and other costs *17,099 15,458 490 33,047 Adjusted EBITDA77,169 11,543 11,757 100,469 Adjusted EBITDA - All Other(6,330)Adjusted EBITDA - Corporate(13,557)Total Consolidated Adjusted EBITDA80,582 Stock-based compensation11,543 Depreciation and amortization42,006 Deferred acquisition consideration6,657 Other items, net2,091 Operating Income18,285 Other income (expenses):Interest expense, net(23,356)Foreign exchange, net1,220 Other, net249 (21,887)Loss before income taxes and equity in earnings of non-consolidated affiliates(3,602)Income tax expense1,722 Loss before equity in earnings of non-consolidated affiliates(5,324)Equity in loss of non-consolidated affiliates(1)Net loss(5,325)Net loss attributable to noncontrolling and redeemable noncontrolling interests2,408 Net loss attributable to Stagwell Inc. common shareholders$(2,917)(1) Total consolidated revenue of $651,740 also includes revenue of $24,540 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