Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 185

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 185
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170)58.9 %

51

Three Months Ended June 30,20252024Change(dollars in thousands)$%Net Revenue$24,031 $3,021 $21,010 695.5 %Billable costs 370 199 171 85.9 %Revenue24,401 3,220 21,181 657.8 %Billable costs370 199 171 85.9 %Staff costs17,245 7,607 9,638 126.7 %Administrative costs6,978 (3,740)10,718 NMUnbillable and other costs, net6,753 2,303 4,450 193.2 %Adjusted EBITDA(6,945)(3,149)(3,796)120.5 %Stock-based compensation167 252 (85)(33.7)%Depreciation and amortization4,927 4,944 (17)(0.3)%Deferred acquisition consideration636 — 636 100.0 %Other items, net1,270 430 840 195.3 %Operating Loss$(13,945)$(8,775)$(5,170)58.9 % 

(1) All Other Revenue and Administrative costs include approximately $6 million and $8 million of eliminations of intercompany services for the three months ended June 30, 2025, and 2024, respectively.

Revenue

Revenue for the three months ended June 30, 2025 was $24.4 million, compared to $3.2 million for the three months ended June 30, 2024, an increase of $21.2 million. 

Net Revenue

The components of the fluctuations in net revenue for the three months ended June 30, 2025, compared to the three months ended June 30, 2024 were as follows: 

Net Revenue - Components of ChangeChangeThree Months Ended June 30, 2024Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeThree Months Ended June 30, 2025OrganicTotal(dollars in thousands)All Other$3,021$74$17,118$3,818$21,010$24,031126.4%695.5%Component % change2.4%566.6%126.4%695.5%

The increase in