Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 24

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 24
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 ended September 30, 2025 compared to the nine months ended September 30, 2024 were as follows: 

Nine Months Ended September 30,20252024Change(dollars in thousands)$%Revenue$2,101,556 $2,052,508 $49,048 2.4 %Operating ExpensesCost of services1,342,240 1,340,456 1,784 0.1 %Office and general expenses528,845 507,916 20,929 4.1 %Depreciation and amortization127,635 112,881 14,754 13.1 %Impairment and other losses466 1,715 (1,249)(72.8)%$1,999,186 $1,962,968 $36,218 1.8 %Operating Income$102,370 $89,540 $12,830 14.3 %

Nine Months Ended September 30,20252024Change(dollars in thousands)$%Net Revenue$1,776,838 $1,667,039 $109,799 6.6 %Billable costs 324,718 385,469 (60,751)(15.8)%Revenue2,101,5562,052,50849,048 2.4 %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