Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 155

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 155
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 initial redemption value), except for foreign currency translation adjustments.The following table presents Net income (loss) attributable to noncontrolling and redeemable noncontrolling interests between Class C shareholders and other equity interest holders for the three and nine months ended September 30, 2025 and 2024:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(dollars in thousands)Net income (loss) attributable to Class C shareholders$— $9,432 $(6,637)$5,850 Net income (loss) attributable to other equity interest holders(248)1,208 378 2,804 Net income (loss) attributable to noncontrolling interests$(248)$10,640 $(6,259)$8,654 Net income (loss) attributable to redeemable noncontrolling interests(608)(47)3,622 1,519 Net income (loss) attributable to noncontrolling and redeemable noncontrolling interests$(856)$10,593 $(2,637)$10,173 The following table presents noncontrolling interests between Class C shareholders and other equity interest holders as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024(dollars in thousands)Noncontrolling interest of Class C shareholders (1)$— $423,428 Noncontrolling interest of other equity interest holders (2)21,434 21,746 Total noncontrolling interests$21,434 $445,174 (1) On April 4, 2025, Stagwell Media LP (“Stagwell Media”) exercised in full its right to exchange all of its 151,648,741 shares of Class C common stock, par value $0.00001 per share (“Class C Common Stock”) for an equal number of newly issued shares of Class A Common Stock (the “Class C Exchange”). Following the Class C Exchange, the Company no longer has any Noncontrolling interest of Class C shareholders as of September 30, 2025. (2) In January 2024, the Company entered into an agreement to purchase the remaining noncontrolling ownership interest in a subsidiary it previously controlled, the consideration for which was a portion of the subsidiary that was transferred to the noncontrolling interest owner. The non-cash purchase resulted in a reduction of the subsidiary noncontrolling interest by approximately $