Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 114

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 114
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5 compared to the three months ended September 30, 2024 were as follows: 

Three Months Ended September 30,20252024Change(dollars in thousands)$%Revenue$27,187 $11,443 $15,744 137.6 %Operating ExpensesCost of services14,136 5,554 8,582 154.5 %Office and general expenses3,155 9,341 (6,186)(66.2)%Depreciation and amortization6,455 2,679 3,776 140.9 %Impairment and other losses244 — 244 100.0 %$23,990 $17,574 $6,416 36.5 %Operating Income (Loss)$3,197 $(6,131)$9,328 (152.1)%

Three Months Ended September 30,20252024Change(dollars in thousands)$%Net Revenue$27,182 $11,443 $15,739 137.5 %Billable costs 5 — 5 100.0 %Revenue27,187 11,443 15,744 137.6 %Billable costs5 — 5 100.0 %Staff costs18,763 8,887 9,876 111.1 %Administrative costs3,663 3,505 158 4.5 %Unbillable and other costs, net5,883 2,481 3,402 137.1 %Adjusted EBITDA(1,127)(3,430)2,303 (67.1)%Stock-based compensation200 363 (163)(44.9)%Depreciation and amortization6,455 2,679 3,776 140.9 %Deferred acquisition consideration(12,419)(384)(12,035)NMImpairment and other losses244 — 244 100.0 %Other items, net1,196 43 1,153 NMOperating Income (Loss)$3,197 $(6,131)$9,328 (152.1)%

Revenue

Revenue for the three months ended September 30, 2025 was $27.2 million, compared to $11.4 million for the three months ended September 30, 2024, an increase of $15