Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 166

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 166
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193 (24,695)Loss before income taxes and equity in earnings of non-consolidated affiliates(2,788)Income tax expense1,165 Loss before equity in earnings of non-consolidated affiliates(3,953)Equity in loss of non-consolidated affiliates(1)Net loss(3,954)Net loss attributable to noncontrolling and redeemable noncontrolling interests989 Net loss attributable to Stagwell Inc. common shareholders$(2,965)(1) Total consolidated revenue of $671,168 also includes revenue of $3,220 associated with operating segments that do not meet the aggregation criteria and elimination of certain intercompany service and revenue.*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, and panels and survey costs; and also includes travel related expenses associated with contract fulfillment.

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Six Months Ended June 30, 2024Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkTotal(dollars in thousands)Revenue (1)$737,852 $391,207 $199,316 $1,328,375 Billable costs123,210 71,537 59,435 254,182 Staff costs381,727 197,695 80,395 659,817 Administrative costs64,504 46,596 17,083 128,183 Unbillable and other costs *40,308 30,179 846 71,333 Adjusted EBITDA128,103 45,200 41,557 214,860 Adjusted EBITDA - All Other(7,135)Adjusted EBITDA - Corporate(31,306)Total Consolidated Adjusted EBITDA176,419 Stock-based compensation21,991 Depreciation and amortization76,837 Deferred acquisition consideration7,390 Impairment and other losses1,715 Other items, net20,725 Operating Income47,761 Other income (expenses):Interest expense, net(44,498)Foreign exchange, net(3,613)Other, net(1,074)(49,185)Loss before income taxes and equity in earnings of non-consolidated affiliates(1,424)Income tax expense3,750 Loss before equity in earnings of non-consolidated affiliates(5,174)Equity in income of non-consolidated affiliates507