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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Year Ended December 31, 2024
Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkTotal
(dollars in thousands)
Revenue (1)
$1,535,445 $751,884 $515,140 $2,802,469 
Billable costs262,692 100,654 181,345 544,691 
Staff costs792,041 397,301 177,629 1,366,971 
Administrative costs128,954 93,155 37,057 259,166 
Unbillable and other costs *72,756 65,901 2,235 140,892 
Adjusted EBITDA279,002 94,873 116,874 490,749 
Adjusted EBITDA - All Other(15,824)
Adjusted EBITDA - Corporate(64,138)
Total Consolidated Adjusted EBITDA
410,787 
Stock-based compensation52,161 
Depreciation and amortization151,652 
Deferred acquisition consideration22,995 
Impairment and other losses1,715 
Other items, net49,196 
Operating Income
133,068 
Interest expense, net(92,317)
Foreign exchange, net(1,656)
Other, net(1,372)
(95,345)
Income before income taxes and equity in earnings of non-consolidated affiliates37,723 
Income tax expense13,182 
Income before equity in earnings of non-consolidated affiliates24,541 
Equity in income of non-consolidated affiliates503 
Net income25,044 
Net income attributable to noncontrolling and redeemable noncontrolling interests
(22,785)
Net income attributable to Stagwell Inc. common shareholders$2,259 
(1) Total consolidated revenue of $2,841,216 also includes revenue associated with operating segments that do not meet the aggregation criteria and elimination of certain intercompany service and revenue, which amounted to $38,747.
*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.
Year Ended December 31, 2023
Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkTotal
(dollars in thousands)
Revenue (1)
$1,418,711 $728,174 $333,707 $2,480,592 
Billable costs185,913 100,364 88,446 374,723 
Staff costs768,846 386,803 159,165 1,314,814 
Administrative costs122,618 87,337 33,664 243,619 
Unbillable and other costs *71,776 55,891 613 128,280 
Adjusted EBITDA269,558 97,779 51,819 419,156 
Adjusted EBITDA - All Other(10,607)
Adjusted EBITDA - Corporate(48,410)
Total Consolidated Adjusted EBITDA360,139 
Stock-based compensation57,179 
Depreciation and amortization142,831 
Deferred acquisition consideration13,060 
Impairment and other losses11,395 
Other items, net45,147 
Operating Income
90,527 
Interest expense, net(90,644)
Foreign exchange, net(2,960)
Gain on sale of business94,505 
Other, net(359)
542 
Income before income taxes and equity in earnings of non-consolidated affiliates91,069 
Income tax expense40,557 
Income before equity in earnings of non-consolidated affiliates50,512 
Equity in loss of non-consolidated affiliates(8,870)
Net income41,642 
Net income attributable to noncontrolling and redeemable noncontrolling interests(41,508)
Net income attributable to Stagwell Inc. common shareholders$134 
(1) Total consolidated revenue of $2,527,177 also includes revenue associated with operating segments that do not meet the aggregation criteria and elimination of certain intercompany service and revenue, which amounted to $46,585.
*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.
Year Ended December 31, 2022
Integrated Agencies NetworkBrand Performance Network
Communications
All Other
Corporate
Total
(dollars in thousands)
Revenue
$1,474,970 $757,208 $435,652 $19,962 $— $2,687,792 
Adjusted EBITDA$292,293 $115,835 $87,032 $(931)$(43,111)$451,118 
Stock-based compensation33,152 
Depreciation and amortization131,273 
Deferred acquisition consideration(13,405)
Impairment and other losses122,179 
Other items, net18,691 
Operating Income159,228 
Interest expense, net(76,062)
Foreign exchange, net(2,606)
Other, net(4,975)
(83,643)
Income before income taxes and equity in earnings of non-consolidated affiliates75,585 
Income tax expense25,462 
Income before equity in earnings of non-consolidated affiliates50,123 
Equity in loss of non-consolidated affiliates(79)
Net income50,044 
Net income attributable to noncontrolling and redeemable noncontrolling interests(30,125)
Net income attributable to Stagwell Inc. common shareholders$19,919