Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 18

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 18
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15,942 10.8 %Operating Income$11,100 $11,899 $(799)(6.7)%

Three Months Ended September 30,20252024Change(dollars in thousands)$%Net Revenue$154,157 $145,558 $8,599 5.9 %Billable costs 20,581 14,037 6,544 46.6 %Revenue174,738 159,595 15,143 9.5 %Billable costs20,581 14,037 6,544 46.6 %Staff costs91,365 88,390 2,975 3.4 %Administrative costs22,966 20,171 2,795 13.9 %Unbillable and other costs, net15,196 16,357 (1,161)(7.1)%Adjusted EBITDA24,630 20,640 3,990 19.3 %Stock-based compensation1,005 1,359 (354)(26.0)%Depreciation and amortization7,332 6,509 823 12.6 %Deferred acquisition consideration1,413 (6,948)8,361 NMOther items, net3,780 7,821 (4,041)(51.7)%Operating Income$11,100 $11,899 $(799)(6.7)%

Revenue

Revenue for the three months ended September 30, 2025 was $174.7 million, compared to $159.6 million for the three months ended September 30, 2024, an increase of $15.1 million. 

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Net Revenue

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

Net Revenue - Components of ChangeChangeThree Months Ended September 30, 2024Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeThree Months Ended September 30, 2025OrganicTotal(dollars in thousands)Media & Commerce$145,558 $1,109 $2,782 $4,708 $8,599 $154,157 3.2%5.9%Component % change0.8 %1.9 %3.