Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 89

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 89
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 and subscription related costs, audience measurement, data and analytics, and panels and survey costs; and also includes travel related expenses associated with contract fulfillment.

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Six Months Ended June 30, 2025Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkTotal(dollars in thousands)Revenue (1)$783,544 $332,317 $193,756 $1,309,617 Billable costs112,862 30,591 52,416 195,869 Staff costs405,857 196,710 89,389 691,956 Administrative costs65,738 48,991 19,724 134,453 Unbillable and other costs *44,408 28,901 1,115 74,424 Adjusted EBITDA154,679 27,124 31,112 212,915 Adjusted EBITDA - All Other(13,275)Adjusted EBITDA - Corporate(26,203)Total Consolidated Adjusted EBITDA173,437 Stock-based compensation31,497 Depreciation and amortization83,375 Deferred acquisition consideration3,437 Other items, net13,671 Operating Income41,457 Other income (expenses):Interest expense, net(46,811)Foreign exchange, net(118)Other, net(111)(47,040)Loss before income taxes and equity in earnings of non-consolidated affiliates(5,583)Income tax expense4,395 Loss before equity in earnings of non-consolidated affiliates(9,978)Equity in income of non-consolidated affiliates19 Net loss(9,959)Net loss attributable to noncontrolling and redeemable noncontrolling interests1,781 Net loss attributable to Stagwell Inc. common shareholders$(8,178)(1) Total consolidated revenue of $1,358,558 also includes revenue of $48,941 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 such as research and subscription related costs, audience measurement, data and analytics, and panels and survey costs; and also includes travel related expenses associated with contract fulfillment.

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Three Months Ended June 30, 2024Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkTotal(dollars in thousands)Revenue (1)$385,133 $177,245