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Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Three Months Ended June 30, 2025
Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkTotal
(dollars in thousands)
Revenue (1)
$406,190 $170,099 $106,128 $682,417 
Billable costs61,302 15,231 31,786 108,319 
Staff costs205,975 100,260 44,812 351,047 
Administrative costs34,094 25,584 9,550 69,228 
Unbillable and other costs *27,309 13,443 625 41,377 
Adjusted EBITDA77,510 15,581 19,355 112,446 
Adjusted EBITDA - All Other(6,945)
Adjusted EBITDA - Corporate(12,646)
Total Consolidated Adjusted EBITDA
92,855 
Stock-based compensation19,954 
Depreciation and amortization41,369 
Deferred acquisition consideration(3,220)
Other items, net11,580 
Operating Income
23,172 
Other income (expenses):
Interest expense, net(23,455)
Foreign exchange, net(1,338)
Other, net(360)
(25,153)
Loss before income taxes and equity in earnings of non-consolidated affiliates(1,981)
Income tax expense2,673 
Loss before equity in earnings of non-consolidated affiliates(4,654)
Equity in income of non-consolidated affiliates
20 
Net loss(4,634)
Net income attributable to noncontrolling and redeemable noncontrolling interests
(627)
Net loss attributable to Stagwell Inc. common shareholders$(5,261)
(1) Total consolidated revenue of $706,818 also includes revenue of $24,401 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.
Six Months Ended June 30, 2025
Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkTotal
(dollars in thousands)
Revenue (1)
$783,544 $332,317 $193,756 $1,309,617 
Billable costs112,862 30,591 52,416 195,869 
Staff costs405,857 196,710 89,389 691,956 
Administrative costs65,738 48,991 19,724 134,453 
Unbillable and other costs *44,408 28,901 1,115 74,424 
Adjusted EBITDA154,679 27,124 31,112 212,915 
Adjusted EBITDA - All Other(13,275)
Adjusted EBITDA - Corporate(26,203)
Total Consolidated Adjusted EBITDA
173,437 
Stock-based compensation31,497 
Depreciation and amortization83,375 
Deferred acquisition consideration3,437 
Other items, net13,671 
Operating Income
41,457 
Other income (expenses):
Interest expense, net(46,811)
Foreign exchange, net(118)
Other, net(111)
(47,040)
Loss before income taxes and equity in earnings of non-consolidated affiliates(5,583)
Income tax expense4,395 
Loss before equity in earnings of non-consolidated affiliates(9,978)
Equity in income of non-consolidated affiliates
19 
Net loss(9,959)
Net loss attributable to noncontrolling and redeemable noncontrolling interests1,781 
Net loss attributable to Stagwell Inc. common shareholders$(8,178)
(1) Total consolidated revenue of $1,358,558 also includes revenue of $48,941 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.
Three Months Ended June 30, 2024
Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkTotal
(dollars in thousands)
Revenue (1)
$385,133 $177,245 $105,570 $667,948 
Billable costs63,263 20,137 33,177 116,577 
Staff costs195,193 99,264 41,131 335,588 
Administrative costs33,902 24,525 8,379 66,806 
Unbillable and other costs *24,780 15,613 710 41,103 
Adjusted EBITDA67,995 17,706 22,173 107,874 
Adjusted EBITDA - All Other(3,149)
Adjusted EBITDA - Corporate(18,622)
Total Consolidated Adjusted EBITDA86,103 
Stock-based compensation5,875 
Depreciation and amortization42,001 
Deferred acquisition consideration7,236 
Impairment and other losses215 
Other items, net8,869 
Operating Income21,907 
Interest expense, net(23,533)
Foreign exchange, net(1,355)
Other, net193 
(24,695)
Loss before income taxes and equity in earnings of non-consolidated affiliates(2,788)
Income tax expense1,165 
Loss before equity in earnings of non-consolidated affiliates(3,953)
Equity in loss of non-consolidated affiliates(1)
Net loss(3,954)
Net loss attributable to noncontrolling and redeemable noncontrolling interests989 
Net loss attributable to Stagwell Inc. common shareholders$(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.
Six Months Ended June 30, 2024
Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkTotal
(dollars in thousands)
Revenue (1)
$737,852 $391,207 $199,316 $1,328,375 
Billable costs123,210 71,537 59,435 254,182 
Staff costs381,727 197,695 80,395 659,817 
Administrative costs64,504 46,596 17,083 128,183 
Unbillable and other costs *40,308 30,179 846 71,333 
Adjusted EBITDA128,103 45,200 41,557 214,860 
Adjusted EBITDA - All Other(7,135)
Adjusted EBITDA - Corporate(31,306)
Total Consolidated Adjusted EBITDA176,419 
Stock-based compensation21,991 
Depreciation and amortization76,837 
Deferred acquisition consideration7,390 
Impairment and other losses1,715 
Other items, net20,725 
Operating Income
47,761 
Other income (expenses):
Interest expense, net(44,498)
Foreign exchange, net(3,613)
Other, net(1,074)
(49,185)
Loss before income taxes and equity in earnings of non-consolidated affiliates(1,424)
Income tax expense3,750 
Loss before equity in earnings of non-consolidated affiliates(5,174)
Equity in income of non-consolidated affiliates507 
Net loss(4,667)
Net loss attributable to noncontrolling and redeemable noncontrolling interests420 
Net loss attributable to Stagwell Inc. common shareholders$(4,247)
(1) Total consolidated revenue of $1,341,227 also includes revenue of $12,852 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.