Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 20

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 20
---
$1,162,316 $1,086,846 $75,470 6.9 %Billable costs 196,242 254,381 (58,139)(22.9)%Revenue1,358,5581,341,22717,331 1.3 %Billable costs196,242 254,381 (58,139)(22.9)%Staff costs749,532 697,506 52,026 7.5 %Administrative costs150,983 136,697 14,286 10.5 %Unbillable and other costs, net88,364 76,224 12,140 15.9 %Adjusted EBITDA173,437 176,419 (2,982)(1.7)%Stock-based compensation31,497 21,991 9,506 43.2 %Depreciation and amortization83,375 76,837 6,538 8.5 %Deferred acquisition consideration3,437 7,390 (3,953)(53.5)%Impairment and other losses— 1,715 (1,715)(100.0)%Other items, net13,671 20,725 (7,054)(34.0)%Operating Income (1)$41,457 $47,761 $(6,304)(13.2)%(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 six months ended June 30, 2025 was $1,358.6 million, compared to $1,341.2 million for the six months ended June 30, 2024, an increase of $17.3 million.

Net Revenue

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

Net Revenue - Components of ChangeChangeSix Months Ended June 30, 2024Foreign CurrencyNet Acquisitions (Divestitures)OrganicTotal ChangeSix Months Ended June 30, 2025OrganicTotal(dollars in thousands)Integrated Agencies Network$614,642$(198)$13,580$42,658$56,040$670,6826.9%9.1%Brand