Interim Reporting

12 Months Ended

Dec. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

Consolidated Statements of Operations and
Consolidated Statements of Comprehensive Income (Loss)
	Q1 2023		Q2 2023		Q3 2023		Q4 2023
Revenue	$	622,444	$	632,265	$	617,573	$	654,895
Cost of services	413,898		402,431		384,980		419,865
Income tax expense	236		437		4,324		35,560
Income (loss) before equity in earnings of non-consolidated affiliates	(2,642)		(4,749)		3,121		54,782
Net income (loss)	(2,869)		(4,965)		3,117		46,359
Net (income) loss attributable to noncontrolling and redeemable noncontrolling interests	4,258		1,771		(2,464)		(45,073)
Net income (loss) attributable to Stagwell Inc. common shareholders	1,389		(3,194)		653		1,286
Earnings (Loss) Per Common Share
Basic	0.01		(0.03)		0.01		0.01
Diluted	0.00		(0.03)		0.00		0.00
Other comprehensive income (loss) - foreign currency translation adjustment	4,447		2,945		(13,516)		14,120
Other comprehensive income (loss)	4,447		2,945		(13,516)		14,458
Comprehensive income (loss) for the period	1,578		(2,020)		(10,399)		60,817
Comprehensive (income) loss attributable to the noncontrolling and redeemable noncontrolling interests	2,036		(1,158)		5,483		(53,792)
Comprehensive income (loss) attributable to Stagwell Inc. common shareholders	3,614		(3,178)		(4,916)		7,025

The impact of the revision on the previously issued unaudited quarterly financial information is as follows:

	Three Months Ended March 31, 2023
	As reported		Adjustment		As revised
Income tax expense	$	2,384	$	(2,148)	$	236
Loss before equity in earnings of non-consolidated affiliates	(4,790)		2,148		(2,642)
Net loss	(5,017)		2,148		(2,869)
Net loss attributable to noncontrolling and redeemable noncontrolling interests	5,460		(1,202)		4,258
Net income attributable to Stagwell Inc. common shareholders	443		946		1,389
Earnings (Loss) Per Common Share
Basic	0.00		0.01		0.01
Diluted	(0.01)		0.01		0.00
Other comprehensive income - foreign currency translation adjustment	4,425		22		4,447
Other comprehensive income	4,425		22		4,447
Comprehensive income (loss) for the period	(592)		2,170		1,578
Comprehensive loss attributable to the noncontrolling and redeemable noncontrolling interests	26,723		(24,687)		2,036
Comprehensive income attributable to Stagwell Inc. common shareholders	26,131		(22,517)		3,614
	Three Months Ended June 30, 2023
	As reported		Adjustment		As revised
Income tax expense	$	5,717	$	(5,280)	$	437
Loss before equity in earnings of non-consolidated affiliates	(10,029)		5,280		(4,749)
Net loss	(10,245)		5,280		(4,965)
Net loss attributable to noncontrolling and redeemable noncontrolling interests	5,552		(3,781)		1,771
Net loss attributable to Stagwell Inc. common shareholders	(4,693)		1,499		(3,194)
Loss Per Common Share
Basic	(0.04)		0.01		(0.03)
Diluted	(0.04)		0.01		(0.03)
Other comprehensive income - foreign currency translation adjustment	2,938		7		2,945
Other comprehensive income	2,938		7		2,945
Comprehensive loss for the period	(7,307)		5,287		(2,020)
Comprehensive (income) loss attributable to the noncontrolling and redeemable noncontrolling interests	2,623		(3,781)		(1,158)
Comprehensive loss attributable to Stagwell Inc. common shareholders	(4,684)		1,506		(3,178)

	Six Months Ended June 30, 2023
	As reported		Adjustment		As revised
Income tax expense	$	8,101	$	(7,428)	$	673
Loss before equity in earnings of non-consolidated affiliates	(14,819)		7,428		(7,391)
Net loss	(15,262)		7,428		(7,834)
Net loss attributable to noncontrolling and redeemable noncontrolling interests	11,012		(4,983)		6,029
Net loss attributable to Stagwell Inc. common shareholders	(4,250)		2,445		(1,805)
Loss Per Common Share
Basic	(0.04)		0.03		(0.01)
Diluted	(0.04)		0.03		(0.01)
Other comprehensive income - foreign currency translation adjustment	7,363		29		7,392
Other comprehensive income	7,363		29		7,392
Comprehensive loss for the period	(7,899)		7,457		(442)
Comprehensive loss attributable to the noncontrolling and redeemable noncontrolling interests	29,346		(28,468)		878
Comprehensive income attributable to Stagwell Inc. common shareholders	21,447		(21,011)		436
	Nine Months Ended September 30, 2023
	As reported		Adjustment		As revised
Income tax expense	$	12,425	$	(7,428)	$	4,997
Loss before equity in earnings of non-consolidated affiliates	(11,698)		7,428		(4,270)
Net loss	(12,145)		7,428		(4,717)
Net loss attributable to noncontrolling and redeemable noncontrolling interests	8,548		(4,983)		3,565
Net loss attributable to Stagwell Inc. common shareholders	(3,597)		2,445		(1,152)
Loss Per Common Share
Basic	(0.03)		0.02		(0.01)
Diluted	(0.03)		0.02		(0.01)
Other comprehensive loss - foreign currency translation adjustment	(6,153)		29		(6,124)
Other comprehensive loss	(6,153)		29		(6,124)
Comprehensive loss for the period	(18,298)		7,457		(10,841)
Comprehensive loss attributable to the noncontrolling and redeemable noncontrolling interests	34,829		(28,468)		6,361
Comprehensive income (loss) attributable to Stagwell Inc. common shareholders	16,531		(21,011)		(4,480)

Consolidated Statements of Shareholders' Equity
	Three Months Ended March 31, 2023
	As reported		Adjustment		As revised
Net income attributable to Stagwell Inc. common shareholders	$	443	$	946	$	1,389
Net income (loss) attributable to Noncontrolling Interests	(2,917)		1,202		(1,715)
Other comprehensive income	25,688		(23,463)		2,225
Other comprehensive income (loss) attributable to Noncontrolling Interests	(21,263)		23,485		2,222
Total other comprehensive income	$	4,425	$	22	$	4,447