Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 90

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 90
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)Income before income taxes and equity in earnings of non-consolidated affiliates27,736 Income tax expense13,950 Income before equity in earnings of non-consolidated affiliates13,786 Equity in income of non-consolidated affiliates18 Net income13,804 Net loss attributable to noncontrolling and redeemable noncontrolling interests2,637 Net income attributable to Stagwell Inc. common shareholders$16,441 (1) Total consolidated revenue of $2,101,556 reflects an intercompany elimination of $8,737.*For each reportable segment, Unbillable and other costs includes costs to fulfill customer contract requirements such as research and subscription related costs, audience measurement, data and analytics, panels and survey costs, and also includes travel related expenses.

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Three Months Ended September 30, 2024Marketing ServicesDigital TransformationMedia & CommerceCommunicationsThe Marketing CloudTotal(dollars in thousands)Revenue (1)$267,675 $88,292 $159,595 $184,665 $11,443 $711,670 Billable costs42,264 3,022 14,037 72,102 — 131,425 Staff costs139,694 56,384 88,390 55,518 8,887 348,873 Administrative costs26,825 5,036 20,171 11,668 3,505 67,205 Unbillable and other costs *15,435 368 16,357 2,848 2,481 37,489 Adjusted EBITDA43,457 23,482 20,640 42,529 (3,430)126,678 Adjusted EBITDA - Corporate and eliminations(15,509)Total Consolidated Adjusted EBITDA111,169 Stock-based compensation16,935 Depreciation and amortization36,044 Deferred acquisition consideration560 Other items, net15,851 Operating Income41,779 Other income (expenses):Interest expense, net(23,781)Foreign exchange, net1,312 Other, net249 (22,220)Income before income taxes and equity in earnings of non-consolidated affiliates19,559 Income tax expense5,691 Income before equity in earnings of non-consolidated affiliates13,868 Equity in loss of non-consolidated affiliates(4)Net income