Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 117

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 117
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.4 %Billable costs324,718 385,469 (60,751)(15.8)%Staff costs1,136,742 1,059,485 77,257 7.3 %Administrative costs222,775 206,253 16,522 8.0 %Unbillable and other costs, net129,302 113,713 15,589 13.7 %Adjusted EBITDA288,019 287,588 431 0.1 %Stock-based compensation44,143 38,926 5,217 13.4 %Depreciation and amortization127,635 112,881 14,754 13.1 %Deferred acquisition consideration(9,911)7,950 (17,861)(224.7)%Impairment and other losses466 1,715 (1,249)(72.8)%Other items, net23,316 36,576 (13,260)(36.3)%Operating Income (1)$102,370 $89,540 $12,830 14.3 %(1) See the Results of Operations section above for a reconciliation of Operating Income to Net income (loss) attributable to Stagwell Inc. common shareholders.

Revenue

Revenue for the nine months ended September 30, 2025 was $2,101.6 million, compared to $2,052.5 million for the nine months ended September 30, 2024, an increase of $49.0 million.

53

Net Revenue

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

Net Revenue - Components of ChangeChangeNine Months Ended September 30, 2024Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeNine Months Ended September 30, 2025OrganicTotal(dollars in thousands)Marketing Services$658,175 $1,473 $2,916 $52,303 $56,692 $714,867 7.9 %8.6 %Digital Transformation239,613 (275)8,196 27,444 35,365 274,978 11.5 %14.8 %Media & Commerce439,783 1,651 2,675