Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 100

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 100
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 the financial condition of the Company as of September 30, 2025.

37

Results of Operations:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(dollars in thousands)Revenue:Marketing Services$297,195 $267,675 $839,457 $782,371 Digital Transformation103,710 88,292 292,188 248,976 Media & Commerce174,738 159,595 479,648 521,963 Communications144,947 184,665 420,215 473,957 The Marketing Cloud27,187 11,443 78,785 25,823 Eliminations(4,779)(389)(8,737)(582)Total Revenue$742,998 $711,281 $2,101,556 $2,052,508 Operating Income$60,913 $41,779 $102,370 $89,540 Other Income (Expenses):Interest expense, net$(25,196)$(23,781)$(72,007)$(68,279)Foreign exchange, net(366)1,312 (484)(2,301)Other, net(2,032)249 (2,143)(825)Income before income taxes and equity in earnings of non-consolidated affiliates33,319 19,559 27,736 18,135 Income tax expense9,555 5,691 13,950 9,441 Income before equity in earnings of non-consolidated affiliates23,764 13,868 13,786 8,694 Equity in income (loss) of non-consolidated affiliates(1)(4)18 503 Net income23,763 13,864 13,804 9,197 Net (income) loss attributable to noncontrolling and redeemable noncontrolling interests856 (10,593)2,637 (10,173)Net income (loss) attributable to Stagwell Inc. common shareholders$24,619 $3,271 $16,441 $(976)Reconciliation to Adjusted EBITDA:Net income (loss) attributable to Stagwell Inc. common shareholders$24,619 $3,271 $16,441 $(976)Non-operating items (1)36,294 38,508 85