Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 183

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 183
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128 $105,570 $558 0.5 %Operating ExpensesCost of services69,559 67,956 1,603 2.4 %Office and general expenses17,116 20,091 (2,975)(14.8)%Depreciation and amortization4,972 3,090 1,882 60.9 %$91,647 $91,137 $510 0.6 %Operating Income$14,481 $14,433 $48 0.3 %

Three Months Ended June 30,20252024Change(dollars in thousands)$%Net Revenue$74,342 $72,393 $1,949 2.7 %Billable costs 31,786 33,177 (1,391)(4.2)%Revenue106,128 105,570 558 0.5 %Billable costs31,786 33,177 (1,391)(4.2)%Staff costs44,812 41,131 3,681 8.9 %Administrative costs9,550 8,379 1,171 14.0 %Unbillable and other costs, net625 710 (85)(12.0)%Adjusted EBITDA19,355 22,173 (2,818)(12.7)%Stock-based compensation739 827 (88)(10.6)%Depreciation and amortization4,972 3,090 1,882 60.9 %Deferred acquisition consideration(2,376)3,433 (5,809)NMOther items, net1,539 390 1,149 294.6 %Operating Income$14,481 $14,433 $48 0.3 %

Revenue

Revenue for the three months ended June 30, 2025 was $106.1 million, compared to $105.6 million for the three months ended June 30, 2024, an increase of $0.6 million. 

50

Net Revenue

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

Net Revenue - Components of ChangeChangeThree Months Ended June 30, 2024Foreign CurrencyNet Acquisitions (Divestitures