Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

The following table sets forth the computations of basic and diluted earnings per common share for the three months ended September 30, 2024 (amounts in thousands, except per share amounts):

	Three Months Ended September 30,
	2024
Earnings Per Share - Basic
Numerator:
Net income	$	13,864
Net income attributable to Class C shareholders	(9,432)
Net income attributable to other equity interest holders	(1,161)
Net income attributable to noncontrolling and redeemable noncontrolling interests	(10,593)
Net income attributable to Stagwell Inc. common shareholders	$	3,271
Denominator:
Weighted average number of common shares outstanding	108,198
Earnings Per Share - Basic	$	0.03
Earnings Per Share - Diluted
Numerator:
Net income attributable to Stagwell Inc. common shareholders	$	3,271
Denominator:
Basic - Weighted Average number of common shares outstanding	108,198
Dilutive shares:
Restricted share and restricted unit awards	3,990
Employee Stock Purchase Plan shares	2
Dilutive - Weighted average number of common shares outstanding	112,190
Earnings Per Share - Diluted	$	0.03
Anti-dilutive:
Class C Shares	151,649
Class A Shares to settle deferred acquisition obligations	3,346

The following table sets forth the computations of basic and diluted loss per common share for the nine months ended September 30, 2024 (amounts in thousands, except per share amounts):

	Nine Months Ended September 30,
	2024
Loss Per Share - Basic and Diluted
Numerator:
Net income	$	9,197
Net income attributable to Class C shareholders	(5,850)
Net income attributable to other equity interest holders	(4,323)
Net income attributable to noncontrolling and redeemable noncontrolling interests	$	(10,173)
Net loss attributable to Stagwell Inc. common shareholders	$	(976)
Denominator:
Weighted Average number of common shares outstanding	111,436
Loss Per Share - Basic and Diluted	$	(0.01)
Anti-dilutive:
Class C Shares	151,649
Stock Appreciation Rights and Restricted Awards	4,205
Class A Shares to settle deferred acquisition obligations	3,515
Employee Stock Purchase Plan shares	45

The following table sets forth the computations of basic and diluted earnings per common share for the three months ended September 30, 2023 (amounts in thousands, except per share amounts):

	Three Months Ended September 30,
	2023
Earnings Per Share - Basic
Numerator:
Net income	$	3,117
Net income attributable to Class C shareholders	(33)
Net income attributable to other equity interest holders	(2,431)
Net income attributable to noncontrolling and redeemable noncontrolling interests	$	(2,464)
Net income attributable to Stagwell Inc. common shareholders	$	653
Denominator:
Weighted Average number of common shares outstanding	110,787
Earnings Per Share - Basic	$	0.01
Earnings Per Share - Diluted
Numerator:
Net income attributable to Stagwell Inc. common shareholders	$	653
Net income attributable to Class C shareholders	33
	$	686
Denominator:
Basic - Weighted Average number of common shares outstanding	110,787
Dilutive shares:
Stock appreciation rights	407
Restricted share and restricted unit awards	2,139
Employee Stock Purchase Plan shares	24
Class A shares	113,357
Class C shares	151,649
Diluted - Weighted average number of common shares outstanding	265,006
Earnings Per Share - Diluted	$	—
Anti-dilutive:
Class A Shares to settle deferred acquisition obligations	7,480

The following table sets forth the computations of basic and diluted loss per common share for the nine months ended September 30, 2023 (amounts in thousands, except per share amounts):

	Nine Months Ended September 30,
	2023
Loss Per Share - Basic
Numerator:
Net loss	$	(4,717)
Net loss attributable to Class C shareholders	2,702
Net loss attributable to other equity interest holders	863
Net loss attributable to noncontrolling and redeemable noncontrolling interests	$	3,565
Net loss attributable to Stagwell Inc. common shareholders	$	(1,152)
Denominator:
Weighted Average number of common shares outstanding	118,772
Loss Per Share - Basic	$	(0.01)
Loss Per Share - Diluted
Numerator:
Net loss attributable to Stagwell Inc. common shareholders	$	(1,152)
Net loss attributable to Class C shareholders	(2,702)
	$	(3,854)
Denominator:
Basic - Weighted Average number of common shares outstanding	118,772
Dilutive shares:
Class C shares	156,092
Diluted - Weighted average number of common shares outstanding	274,864
Loss Per Share - Diluted	$	(0.01)
Anti-dilutive:
Stock Appreciation Rights and Restricted Awards	5,532
Class A Shares to settle deferred acquisition obligations	6,843
Employee Stock Purchase Plan shares	72