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v3.22.2.2

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Revenue: | (Dollars in Thousands)
Integrated Agencies Network | $ | 367,122 |  |  | $ | 269,071 |  |  | $ | 1,095,761 |  |  | $ | 419,659 |
Brand Performance Network | 171,463 |  |  | 122,826 |  |  | 563,546 |  |  | 257,109 |
Communications Network | 121,770 |  |  | 67,348 |  |  | 311,075 |  |  | 157,794 |
All Other | 3,436 |  |  | 7,389 |  |  | 9,225 |  |  | 22,874 |
Total Revenue | $ | 663,791 |  |  | $ | 466,634 |  |  | $ | 1,979,607 |  |  | $ | 857,436 |
Adjusted EBITDA: |  |  |  |  |  |  |
Integrated Agencies Network | $ | 76,224 |  |  | $ | 66,063 |  |  | $ | 215,920 |  |  | $ | 100,264 |
Brand Performance Network | 24,312 |  |  | 17,664 |  |  | 89,259 |  |  | 30,485 |
Communications Network | 25,462 |  |  | 10,312 |  |  | 58,630 |  |  | 28,302 |
All Other | (363) |  |  | 419 |  |  | (972) |  |  | (1,316) |
Corporate | (10,543) |  |  | (6,940) |  |  | (35,014) |  |  | (7,656) |
Total Adjusted EBITDA | $ | 115,092 |  |  | $ | 87,518 |  |  | $ | 327,823 |  |  | $ | 150,079 |
Depreciation and amortization | $ | (32,207) |  |  | $ | (24,790) |  |  | $ | (95,642) |  |  | $ | (46,122) |
Impairment and other losses | (25,211) |  |  | (14,926) |  |  | (28,034) |  |  | (14,926) |
Stock-based compensation | (12,258) |  |  | (53,465) |  |  | (33,410) |  |  | (53,465) |
Deferred acquisition consideration | 29,789 |  |  | (3,422) |  |  | 14,420 |  |  | (9,456) |
Other items, net | (5,152) |  |  | (10,549) |  |  | (12,112) |  |  | (15,298) |
Total Operating Income (Loss) | $ | 70,053 |  |  | $ | (19,634) |  |  | $ | 173,045 |  |  | $ | 10,812 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (Dollars in Thousands)
Other Income (expenses): |  |  |  |  |  |  |
Interest expense, net | $ | (19,672) |  |  | $ | (11,912) |  |  | $ | (56,552) |  |  | $ | (15,197) |
Foreign exchange, net | (3,927) |  |  | (893) |  |  | (4,163) |  |  | (1,955) |
Other, net | 147 |  |  | 45,621 |  |  | 182 |  |  | 46,806 |
Income before income taxes and equity in earnings of non-consolidated affiliates | 46,601 |  |  | 13,182 |  |  | 112,512 |  |  | 40,466 |
Income tax expense | 11,540 |  |  | 5,183 |  |  | 20,150 |  |  | 9,205 |
Income before equity in earnings of non-consolidated affiliates | 35,061 |  |  | 7,999 |  |  | 92,362 |  |  | 31,261 |
Equity in income (loss) of non-consolidated affiliates | 213 |  |  | (76) |  |  | 1,053 |  |  | (75) |
Net income | 35,274 |  |  | 7,923 |  |  | 93,415 |  |  | 31,186 |
Net income attributable to noncontrolling and redeemable noncontrolling interests | (24,665) |  |  | (9,994) |  |  | (59,668) |  |  | (10,987) |
Net income (loss) attributable to Stagwell Inc. common shareholders | $ | 10,609 |  |  | $ | (2,071) |  |  | $ | 33,747 |  |  | $ | 20,199 |
Depreciation and amortization: |  |  |  |  |  |  |
Integrated Agencies Network | $ | 18,316 |  |  | $ | 13,494 |  |  | $ | 55,206 |  |  | $ | 18,787 |
Brand Performance Network | 8,205 |  |  | 7,499 |  |  | 25,044 |  |  | 18,070 |
Communications Network | 2,654 |  |  | 2,110 |  |  | 7,718 |  |  | 5,087 |
All Other | 1,206 |  |  | 493 |  |  | 2,457 |  |  | 2,013 |
Corporate | 1,826 |  |  | 1,194 |  |  | 5,217 |  |  | 2,165 |
Total | $ | 32,207 |  |  | $ | 24,790 |  |  | $ | 95,642 |  |  | $ | 46,122 |
Stock-based compensation |  |  |  |  |  |  |
Integrated Agencies Network | $ | 5,308 |  |  | $ | 32,431 |  |  | $ | 15,044 |  |  | $ | 32,431 |
Brand Performance Network | 2,923 |  |  | 2,620 |  |  | 9,152 |  |  | 2,620 |
Communications Network | 671 |  |  | 15,384 |  |  | 1,077 |  |  | 15,384 |
All Other | 7 |  |  | 16 |  |  | 15 |  |  | 16 |
Corporate | 3,349 |  |  | 3,014 |  |  | 8,122 |  |  | 3,014 |
Total | $ | 12,258 |  |  | $ | 53,465 |  |  | $ | 33,410 |  |  | $ | 53,465 |

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