Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 181

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 181
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 fair value of profit interest awards.

Deferred acquisition consideration decreased by $6.8 million, primarily attributable to a reduction in the fair value of the deferred acquisition consideration liability associated with certain Brands.

Adjusted EBITDA increased by $9.5 million, primarily driven by an increase in Revenue, partially offset by an increase in expenses, as discussed above.

Brand Performance Network

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$170,099 $177,245 $(7,146)(4.0)%Operating ExpensesCost of services101,720 109,418 (7,698)(7.0)%Office and general expenses60,132 56,106 4,026 7.2 %Depreciation and amortization8,145 11,715 (3,570)(30.5)%$169,997 $177,239 $(7,242)(4.1)%Operating Income$102 $6 $96 NM

48

Three Months Ended June 30,20252024Change(dollars in thousands)$%Net Revenue$154,868 $157,108 $(2,240)(1.4)%Billable costs 15,231 20,137 (4,906)(24.4)%Revenue170,099 177,245 (7,146)(4.0)%Billable costs15,231 20,137 (4,906)(24.4)%Staff costs100,260 99,264 996 1.0 %Administrative costs25,584 24,525 1,059 4.3 %Unbillable and other costs, net13,443 15,613 (2,170)(13.9)%Adjusted EBITDA15,581 17,706 (2,125)(12.0)%Stock-based compensation809 1,445 (636)(44.0)%Depreciation and amortization8,145 11,715 (3,570)(30.5)%Deferred acquisition consideration2,812 1,272 1,540 121.1 %Other items, net3,713 3,268 445 13.6 %Operating Income$