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Interim Reporting (Tables)

6 Months Ended

Jun. 30, 2024

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

The impact of the revision on the previously issued unaudited quarterly financial information is as follows:

Unaudited Consolidated Statements of Operations and
Unaudited Consolidated Statements of Comprehensive Income (Loss)
			Three Months Ended June 30, 2023
			As reported						Adjustment						As revised
Income tax expense			$	5,717					$	(5,280)					$	437
Loss before equity in earnings of non-consolidated affiliates			(10,029)						5,280						(4,749)
Net loss			(10,245)						5,280						(4,965)
Net loss attributable to noncontrolling and redeemable noncontrolling interests			5,552						(3,781)						1,771
Net loss attributable to Stagwell Inc. common shareholders			(4,693)						1,499						(3,194)
Earnings (Loss) Per Common Share
Basic			(0.04)						0.01						(0.03)
Diluted			(0.04)						0.01						(0.03)
Other comprehensive income - foreign currency translation adjustment			2,938						7						2,945
Other comprehensive income			2,938						7						2,945
Comprehensive loss for the period			(7,307)						5,287						(2,020)
Comprehensive (income) loss attributable to the noncontrolling and redeemable noncontrolling interests			2,623						(3,781)						(1,158)
Comprehensive loss attributable to Stagwell Inc. common shareholders			(4,684)						1,506						(3,178)

			Six Months Ended June 30, 2023
			As reported						Adjustment						As revised
Income tax expense			$	8,101					$	(7,428)					$	673
Loss before equity in earnings of non-consolidated affiliates			(14,819)						7,428						(7,391)
Net loss			(15,262)						7,428						(7,834)
Net loss attributable to noncontrolling and redeemable noncontrolling interests			11,012						(4,983)						6,029
Net loss attributable to Stagwell Inc. common shareholders			(4,250)						2,445						(1,805)
Earnings (Loss) Per Common Share
Basic			(0.04)						0.03						(0.01)
Diluted			(0.04)						0.03						(0.01)
Other comprehensive income - foreign currency translation adjustment			7,363						29						7,392
Other comprehensive income			7,363						29						7,392
Comprehensive loss for the period			(7,899)						7,457						(442)
Comprehensive loss attributable to the noncontrolling and redeemable noncontrolling interests			29,346						(28,468)						878
Comprehensive income attributable to Stagwell Inc. common shareholders			21,447						(21,011)						436

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- References

No definition available.

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- Definition

Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 270
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

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