Company: STGW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000876883-25-000017
Chunk: 100

Company: Stagwell Inc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 100
---
ization42,006 34,836 7,170 20.6 %Impairment and other losses— 1,500 (1,500)(100.0)%$633,455 $644,205 $(10,750)(1.7)%Operating Income$18,285 $25,854 $(7,569)(29.3)%

Three Months Ended March 31,20252024Change(dollars in thousands)$%Net Revenue$564,187 $532,454 $31,733 6.0 %Billable costs 87,553 137,605 (50,052)(36.4)%Revenue651,740670,059(18,319)(2.7)%Billable costs87,553 137,605 (50,052)(36.4)%Staff costs368,262 342,157 26,105 7.6 %Administrative costs75,109 67,163 7,946 11.8 %Unbillable and other costs, net40,234 32,818 7,416 22.6 %Adjusted EBITDA80,582 90,316 (9,734)(10.8)%Stock-based compensation11,543 16,116 (4,573)(28.4)%Depreciation and amortization42,006 34,836 7,170 20.6 %Deferred acquisition consideration6,657 154 6,503 NMImpairment and other losses— 1,500 (1,500)(100.0)%Other items, net2,091 11,856 (9,765)(82.4)%Operating Income (1)$18,285 $25,854 $(7,569)(29.3)%(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 three months ended March 31, 2025 was $651.7 million, compared to $670.1 million for the three months ended March 31, 2024, a decrease of $18.3 million.

36

Net Revenue

Net revenue for the three months ended March 31, 2025 was $564.2 million, compared to $532.5 million for the three months ended March 31, 202