XML 70 R59.htm IDEA: XBRL DOCUMENT v3.22.1
Segment Information (Details 1)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
USD ($)
reportable_segment
Mar. 31, 2021
USD ($)
Segment Reporting Information [Line Items]    
Number of reportable segments | reportable_segment 3  
Revenues $ 642,903 $ 181,242
Adjusted EBITDA 101,412 23,842
Depreciation and amortization (31,204) (10,950)
Impairment and other losses (557) 0
Stock-based compensation (8,021) 0
Deferred acquisition consideration (1,897) (3,936)
Other items, net (5,073) (2,941)
Operating income 54,660 6,015
Interest expense, net (18,729) (1,351)
Foreign exchange, net (306) (677)
Other, net 156 1,285
Income before income taxes and equity in earnings of non-consolidated affiliates 35,781 5,272
Income tax expense 3,189 673
Income before equity in earnings of non-consolidated affiliates 32,592 4,599
Equity in income of non-consolidated affiliates 1,030 4
Net income 33,622 4,603
Net income attributable to noncontrolling and redeemable noncontrolling interests (20,947) (238)
Net income attributable to Stagwell Inc. common shareholders 12,675 4,365
Operating Segments | Integrated Agencies Network    
Segment Reporting Information [Line Items]    
Revenues 378,372 69,898
Adjusted EBITDA 71,473 13,500
Depreciation and amortization (20,211) (2,666)
Stock-based compensation (5,547) 0
Operating Segments | Media Network    
Segment Reporting Information [Line Items]    
Revenues 169,886 62,773
Adjusted EBITDA 29,164 4,688
Depreciation and amortization (6,865) (5,195)
Stock-based compensation (786) 0
Operating Segments | Communications Network    
Segment Reporting Information [Line Items]    
Revenues 91,535 42,708
Adjusted EBITDA 15,937 7,974
Depreciation and amortization (2,540) (1,582)
Stock-based compensation 243 0
Operating Segments | All Other    
Segment Reporting Information [Line Items]    
Revenues 3,110 5,863
Adjusted EBITDA (124) (1,611)
Depreciation and amortization (501) (1,022)
Stock-based compensation (8) 0
Corporate, Non-Segment    
Segment Reporting Information [Line Items]    
Adjusted EBITDA (15,038) (709)
Depreciation and amortization (1,087) (485)
Stock-based compensation $ (1,923) $ 0