v3.26.1
Noncontrolling and Redeemable Noncontrolling Interests (Tables)
 6 Months Ended
Jun. 30, 2026
Noncontrolling Interest [Abstract]  
Noncontrolling Interest
The following table presents Net income (loss) attributable to noncontrolling and redeemable noncontrolling interests between Class C shareholders and other equity interest holders for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(dollars in thousands)
Net loss attributable to Class C shareholders (1)
$— $— $— $(6,637)
Net income attributable to other equity interest holders
718 624 338 626 
Net income (loss) attributable to noncontrolling interests$718 $624 $338 $(6,011)
Net income (loss) attributable to redeemable noncontrolling interests(1,303)3 (1,897)4,230 
Net income (loss) attributable to noncontrolling and redeemable noncontrolling interests$(585)$627 $(1,559)$(1,781)
(1) On April 4, 2025, Stagwell Media LP (“Stagwell Media”) exercised in full its right to exchange all of its 151,648,741 shares of Class C Common Stock for an equal number of newly issued shares of Class A Common Stock (the “Class C Exchange”). Following the Class C Exchange, the Company no longer has any Noncontrolling interest of Class C shareholders as of June 30, 2026.
Redeemable Noncontrolling Interest
The following table presents changes in redeemable noncontrolling interests for the six months ended June 30, 2026 and the year ended December 31, 2025:
June 30, 2026December 31, 2025
(dollars in thousands)
Beginning balance$24,968 $8,412 
Additions
— 2,048 
Distributions(1,806)(2,489)
Changes in redemption value (1)
(1,479)9,657 
Net income (loss) attributable to redeemable noncontrolling interests (2)
(1,897)7,246 
Currency translation adjustment527 94 
Ending balance$20,313 $24,968 
(1) Changes in redemption value are the fair value changes from the acquisition date redemption value based on the options held by the minority interest holders, adjusted through Retained earnings.
(2) Net income (loss) attributable to redeemable noncontrolling interests includes profit sharing adjustments related to future earnings of the Company.