v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
Three Months Ended June 30, 2026
Marketing ServicesDigital TransformationMedia & CommerceCommunicationsThe Marketing CloudTotal
(dollars in thousands)
Revenue (1)
$277,256 $117,672 $179,943 $188,426 $27,380 $790,677 
Billable costs43,014 10,248 25,273 76,337 2 154,874 
Staff costs131,354 67,316 98,710 61,197 18,085 376,662 
Administrative costs25,999 7,720 24,738 14,179 7,201 79,837 
Unbillable and other costs, net (2)
31,673 169 15,130 1,819 7,370 56,161 
Adjusted EBITDA45,216 32,219 16,092 34,894 (5,278)123,143 
Corporate, eliminations and other
(14,456)
Total Consolidated Adjusted EBITDA108,687 
Stock-based compensation18,567 
Depreciation and amortization43,955 
Deferred acquisition consideration8,837 
Other items, net25,782 
Operating income11,546 
Other income (expenses):
Interest expense, net(22,328)
Foreign exchange, net605 
Other, net937 
(20,786)
Loss before income taxes and equity in earnings of non-consolidated affiliates(9,240)
Income tax benefit
(348)
Loss before equity in earnings of non-consolidated affiliates(8,892)
Equity in income of non-consolidated affiliates191 
Net loss(8,701)
Net loss attributable to noncontrolling and redeemable noncontrolling interests585 
Net loss attributable to Stagwell Inc. common shareholders$(8,116)
(1) Total consolidated revenue of $786.3 million reflects revenue generated by the Other business components and intercompany elimination of $4.4 million.
(2) For each reportable segment, Unbillable and other costs, net include 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.
Six Months Ended June 30, 2026
Marketing ServicesDigital TransformationMedia & CommerceCommunicationsThe Marketing CloudTotal
(dollars in thousands)
Revenue (1)
$528,034 $219,138 $354,454 $341,528 $53,895 $1,497,049 
Billable costs76,216 15,205 50,289 132,665 18 274,393 
Staff costs263,543 131,883 195,935 118,147 34,888 744,396 
Administrative costs48,731 14,108 47,911 26,926 12,391 150,067 
Unbillable and other costs, net (2)
49,353 292 28,812 3,843 14,252 96,552 
Adjusted EBITDA90,191 57,650 31,507 59,947 (7,654)231,641 
Corporate, eliminations and other
(33,269)
Total Consolidated Adjusted EBITDA198,372 
Stock-based compensation32,815 
Depreciation and amortization88,286 
Deferred acquisition consideration19,091 
Other items, net36,992 
Operating income21,188 
Other income (expenses):
Interest expense, net(45,594)
Foreign exchange, net(2,416)
Other, net868 
(47,142)
Loss before income taxes and equity in earnings of non-consolidated affiliates(25,954)
Income tax benefit
(3,236)
Loss before equity in earnings of non-consolidated affiliates(22,718)
Equity in income of non-consolidated affiliates70 
Net loss(22,648)
Net loss attributable to noncontrolling and redeemable noncontrolling interests1,559 
Net loss attributable to Stagwell Inc. common shareholders$(21,089)
(1) Total consolidated revenue of $1,490.5 million reflects revenue generated by the Other business components and intercompany elimination of $6.6 million.
(2) For each reportable segment, Unbillable and other costs, net include 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 June 30, 2025
Marketing ServicesDigital TransformationMedia & CommerceCommunicationsThe Marketing CloudTotal
(dollars in thousands)
Revenue (1)
$275,888 $97,592 $164,025 $146,180 $25,276 $708,961 
Billable costs40,584 6,492 13,061 48,548 4 108,689 
Staff costs134,397 63,537 98,038 57,311 17,136 370,419 
Administrative costs29,393 7,176 24,325 11,530 3,313 75,737 
Unbillable and other costs, net (2)
26,745 3 13,395 2,584 5,403 48,130 
Adjusted EBITDA44,769 20,384 15,206 26,207 (580)105,986 
Corporate, eliminations and other
(11,695)
Total Consolidated Adjusted EBITDA94,291 
Stock-based compensation19,954 
Depreciation and amortization41,369 
Deferred acquisition consideration(3,220)
Other items, net13,016 
Operating income23,172 
Other expenses:
Interest expense, net(23,455)
Foreign exchange, net(1,338)
Other, net(360)
(25,153)
Loss before income taxes and equity in earnings of non-consolidated affiliates(1,981)
Income tax expense2,673 
Loss before equity in earnings of non-consolidated affiliates(4,654)
Equity in income of non-consolidated affiliates20 
Net loss(4,634)
Net income attributable to noncontrolling and redeemable noncontrolling interests(627)
Net loss attributable to Stagwell Inc. common shareholders$(5,261)
(1) Total consolidated revenue of $706.8 million reflects an intercompany elimination of $2.1 million.
(2) For each reportable segment, Unbillable and other costs, net include 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.
Six Months Ended June 30, 2025
Marketing ServicesDigital TransformationMedia & CommerceCommunicationsThe Marketing CloudTotal
(dollars in thousands)
Revenue (1)
$524,940 $188,479 $324,447 $275,268 $49,382 $1,362,516 
Billable costs73,406 8,875 27,295 86,655 11 196,242 
Staff costs262,726 122,764 192,986 115,623 34,033 728,132 
Administrative costs56,503 12,617 46,738 24,526 8,514 148,898 
Unbillable and other costs, net (2)
43,571 765 28,890 4,665 10,473 88,364 
Adjusted EBITDA88,734 43,458 28,538 43,799 (3,649)200,880 
Corporate, eliminations and other
(24,296)
Total Consolidated Adjusted EBITDA176,584 
Stock-based compensation31,497 
Depreciation and amortization83,375 
Deferred acquisition consideration3,437 
Other items, net16,818 
Operating income41,457 
Other expenses:
Interest expense, net(46,811)
Foreign exchange, net(118)
Other, net(111)
(47,040)
Loss before income taxes and equity in earnings of non-consolidated affiliates(5,583)
Income tax expense4,395 
Loss before equity in earnings of non-consolidated affiliates(9,978)
Equity in income of non-consolidated affiliates19 
Net loss(9,959)
Net loss attributable to noncontrolling and redeemable noncontrolling interests1,781 
Net loss attributable to Stagwell Inc. common shareholders$(8,178)
(1) Total consolidated revenue of $1,358.6 million reflects an intercompany elimination of $4.0 million.
(2) For each reportable segment, Unbillable and other costs, net include 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.