Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 14

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 7
Chunk 14
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 980 1.4 %Adjusted EBITDA279,002 269,558 9,444 3.5 %Stock-based compensation27,253 27,485 (232)(0.8)%Depreciation and amortization78,076 81,957 (3,881)(4.7)%Deferred acquisition consideration13,290 11,931 1,359 11.4 %Impairment and other losses1,500 11,299 (9,799)(86.7)%Other items, net20,592 20,225 367 1.8 %Operating Income$138,291 $116,661 $21,630 18.5 %

Revenue

Revenue for the year ended December 31, 2024 was $1,535.4 million, compared to $1,418.7 million for the year ended December 31, 2023, an increase of $116.7 million. 

Net Revenue

The components of the fluctuations in net revenue for the year ended December 31, 2024, compared to the year ended December 31, 2023, were as follows: 

39

Net Revenue - Components of ChangeChangeYear Ended December 31, 2023Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeYear Ended December 31, 2024OrganicTotal(dollars in thousands)Integrated Agencies Network$1,232,798$226$7,208$32,521$39,955$1,272,7532.6%3.2%Component % change—%0.6%2.6%3.2%

The increase in organic net revenue was primarily attributable to new client wins and higher spending in the technology and retail sectors, partially offset by budget cuts and client losses in the food and beverage and business services sectors. The increase in net acquisitions (divestitures) was primarily driven by acquisitions and dispositions, including the acquisitions of Epiphany, Movers and Shakers, Left Field Labs, and WNP, partially offset by the sale of Concentric in the fourth quarter of 2023.

Operating Income

Operating Income for the year ended December 31, 2024, was $138.3 million, compared to $116.7 million for the year ended December 31, 2023, representing an increase of $21.6 million. The increase in Operating Income was primarily