Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 209

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 209
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811 26,728 193.5 %Office and general expenses35,939 23,225 12,714 54.7 %Depreciation and amortization17,436 9,309 8,127 87.3 %Impairment and other losses244 — 244 100.0 %$94,158 $46,345 $47,813 103.2 %Operating Loss$(15,373)$(20,522)$5,149 (25.1)%

Nine Months Ended September 30,20252024Change(dollars in thousands)$%Net Revenue$78,769 $25,823 $52,946 205.0 %Billable costs 16 — 16 100.0 %Revenue78,785 25,823 52,962 205.1 %Billable costs16 — 16 100.0 %Staff costs53,683 21,024 32,659 155.3 %Administrative costs13,531 9,659 3,872 40.1 %Unbillable and other costs, net17,178 5,547 11,631 209.7 %Adjusted EBITDA(5,623)(10,407)4,784 (46.0)%Stock-based compensation541 648 (107)(16.5)%Depreciation and amortization17,436 9,309 8,127 87.3 %Deferred acquisition consideration(10,919)(384)(10,535)NMImpairment and other losses244 — 244 100.0 %Other items, net2,448 542 1,906 351.7 %Operating Loss$(15,373)$(20,522)$5,149 (25.1)%

Revenue

Revenue for the nine months ended September 30, 2025 was $78.8 million compared to $25.8 million for the nine months ended September 30, 2024, an increase of $53.0 million. 

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Net Revenue

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

Net Revenue - Components of ChangeChangeNine Months Ended September 30, 2024Foreign CurrencyNet