Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 182

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 182
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,270 (99)4,356 5,849 10,106 95,376 6.9 %11.9 %Media & Commerce145,558 1,109 2,782 4,708 8,599 154,157 3.2 %5.9 %Communications112,563 214 7,291 (23,576)(16,071)96,492 (20.9)%(14.3)%The Marketing Cloud11,443 416 14,567 756 15,739 27,182 6.6 %137.5 %Eliminations(52)— — (4,727)(4,727)(4,779)NMNM$580,193 $2,629 $33,966 $(2,266)$34,329 $614,522 (0.4)%5.9 %Component % change0.5%5.9%(0.4)%5.9%

For the three months ended September 30, 2025 organic net revenue decreased $2.3 million, or 0.4%. The decrease was primarily attributable to lower advocacy services following the 2024 election season and a decrease in client spending in the consumer products sectors, partially offset by new wins and increased spending by clients in the retail sector. The increase in net acquisitions (divestitures) was impacted by the acquisitions of JetFuel Studio LLC and Powered by JetFuel LLC (“Jetfuel”), Create Group Holding Limited (“Create”), ADK Global (“ADK”), Consulum (Cayman) Limited (“Consulum”), L.D.R.S. Group Ltd. (“Leaders”), and UNICEPTA Holding GmbH (“Unicepta”).

The geographic mix in net revenues for the three months ended September 30, 2025 and 2024 is as follows:

Three Months Ended September 30, 20252024(dollars in thousands)United States$474,343 $469,092 United Kingdom40,488 39,854 Other99,691 71,247 Total$614,522 $580,193 

Operating Income

Operating Income for the three months ended September 30, 2025 was $60.9 million, compared to $41.8 million for the three months ended September 30, 2024, representing an increase of $19.1 million. The change in