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Segment Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Three Months Ended September 30, 2025
Marketing ServicesDigital TransformationMedia & CommerceCommunicationsThe Marketing CloudTotal
(dollars in thousands)
Revenue (1)
$297,195 $103,710 $174,738 $144,947 $27,187 $747,777 
Billable costs51,101 8,334 20,581 48,455 128,476 
Staff costs144,354 62,123 91,365 56,650 18,763 373,255 
Administrative costs27,919 6,981 22,966 12,516 3,663 74,045 
Unbillable and other costs *17,227 387 15,196 2,245 5,883 40,938 
Adjusted EBITDA56,594 25,885 24,630 25,081 (1,127)131,063 
Adjusted EBITDA - Corporate and eliminations(16,481)
Total Consolidated Adjusted EBITDA
114,582 
Stock-based compensation12,646 
Depreciation and amortization44,260 
Deferred acquisition consideration(13,348)
Impairment and other losses466 
Other items, net9,645 
Operating Income
60,913 
Other income (expenses):
Interest expense, net(25,196)
Foreign exchange, net(366)
Other, net(2,032)
(27,594)
Income before income taxes and equity in earnings of non-consolidated affiliates33,319 
Income tax expense9,555 
Income before equity in earnings of non-consolidated affiliates23,764 
Equity in loss of non-consolidated affiliates(1)
Net income23,763 
Net loss attributable to noncontrolling and redeemable noncontrolling interests856 
Net income attributable to Stagwell Inc. common shareholders$24,619 
(1) Total consolidated revenue of $742,998 reflects an intercompany elimination of $4,779.
*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, panels and survey costs, and also includes travel related expenses.
Nine Months Ended September 30, 2025
Marketing ServicesDigital TransformationMedia & CommerceCommunicationsThe Marketing CloudTotal
(dollars in thousands)
Revenue (1)
$839,457 $292,188 $479,648 $420,215 $78,785 $2,110,293 
Billable costs124,590 17,210 47,793 135,109 16 324,718 
Staff costs421,226 184,886 269,318 172,273 53,683 1,101,386 
Administrative costs86,433 19,599 67,097 37,042 13,531 223,702 
Unbillable and other costs *60,230 1,151 43,833 6,910 17,178 129,302 
Adjusted EBITDA146,978 69,342 51,607 68,881 (5,623)331,185 
Adjusted EBITDA - Corporate and eliminations(43,166)
Total Consolidated Adjusted EBITDA288,019 
Stock-based compensation44,143 
Depreciation and amortization127,635 
Deferred acquisition consideration(9,911)
Impairment and other losses466 
Other items, net23,316 
Operating Income102,370 
Other income (expenses):
Interest expense, net(72,007)
Foreign exchange, net(484)
Other, net(2,143)
(74,634)
Income before income taxes and equity in earnings of non-consolidated affiliates27,736 
Income tax expense13,950 
Income before equity in earnings of non-consolidated affiliates13,786 
Equity in income of non-consolidated affiliates18 
Net income13,804 
Net loss attributable to noncontrolling and redeemable noncontrolling interests2,637 
Net income attributable to Stagwell Inc. common shareholders$16,441 
(1) Total consolidated revenue of $2,101,556 reflects an intercompany elimination of $8,737.
*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, panels and survey costs, and also includes travel related expenses.
Three Months Ended September 30, 2024
Marketing ServicesDigital TransformationMedia & CommerceCommunicationsThe Marketing CloudTotal
(dollars in thousands)
Revenue (1)
$267,675 $88,292 $159,595 $184,665 $11,443 $711,670 
Billable costs42,264 3,022 14,037 72,102 — 131,425 
Staff costs139,694 56,384 88,390 55,518 8,887 348,873 
Administrative costs26,825 5,036 20,171 11,668 3,505 67,205 
Unbillable and other costs *15,435 368 16,357 2,848 2,481 37,489 
Adjusted EBITDA43,457 23,482 20,640 42,529 (3,430)126,678 
Adjusted EBITDA - Corporate and eliminations(15,509)
Total Consolidated Adjusted EBITDA111,169 
Stock-based compensation16,935 
Depreciation and amortization36,044 
Deferred acquisition consideration560 
Other items, net15,851 
Operating Income41,779 
Other income (expenses):
Interest expense, net(23,781)
Foreign exchange, net1,312 
Other, net249 
(22,220)
Income before income taxes and equity in earnings of non-consolidated affiliates19,559 
Income tax expense5,691 
Income before equity in earnings of non-consolidated affiliates13,868 
Equity in loss of non-consolidated affiliates(4)
Net income13,864 
Net income attributable to noncontrolling and redeemable noncontrolling interests(10,593)
Net income attributable to Stagwell Inc. common shareholders$3,271 
(1) Total consolidated revenue of $711,281 reflects an intercompany elimination of $389.
*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, panels and survey costs, and also includes travel related expenses.
Nine Months Ended September 30, 2024
Marketing ServicesDigital TransformationMedia & CommerceCommunicationsThe Marketing CloudTotal
(dollars in thousands)
Revenue (1)
$782,371 $248,976 $521,963 $473,957 $25,823 $2,053,090 
Billable costs124,196 9,363 82,180 170,067 — 385,806 
Staff costs407,948 166,965 265,576 162,715 21,024 1,024,228 
Administrative costs74,293 15,707 61,509 33,689 9,659 194,857 
Unbillable and other costs *53,176 788 46,244 7,958 5,547 113,713 
Adjusted EBITDA122,758 56,153 66,454 99,528 (10,407)334,486 
Adjusted EBITDA - Corporate and eliminations(46,898)
Total Consolidated Adjusted EBITDA287,588 
Stock-based compensation38,926 
Depreciation and amortization112,881 
Deferred acquisition consideration7,950 
Impairment and other losses1,715 
Other items, net36,576 
Operating Income
89,540 
Other income (expenses):
Interest expense, net(68,279)
Foreign exchange, net(2,301)
Other, net(825)
(71,405)
Income before income taxes and equity in earnings of non-consolidated affiliates18,135 
Income tax expense9,441 
Income before equity in earnings of non-consolidated affiliates8,694 
Equity in income of non-consolidated affiliates503 
Net income9,197 
Net loss attributable to noncontrolling and redeemable noncontrolling interests(10,173)
Net loss attributable to Stagwell Inc. common shareholders$(976)
(1) Total consolidated revenue of $2,052,508 reflects an intercompany elimination of $582.
*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, panels and survey costs, and also includes travel related expenses.