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Earnings Per Share | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | 5. Earnings (Loss) Per Share The following table sets forth the computations of basic and diluted earnings per common share for the three months ended September 30, 2024 (amounts in thousands, except per share amounts):
| Three Months Ended September 30, |
| 2024 |
Earnings Per Share - Basic |  |
Numerator: |  |
Net income | $ | 13,864 |  |
Net income attributable to Class C shareholders | (9,432) |  |
Net income attributable to other equity interest holders | (1,161) |  |
Net income attributable to noncontrolling and redeemable noncontrolling interests | (10,593) |  |
Net income attributable to Stagwell Inc. common shareholders | $ | 3,271 |  |
Denominator: |  |
Weighted average number of common shares outstanding | 108,198 |  |
Earnings Per Share - Basic | $ | 0.03 |  |
Earnings Per Share - Diluted |  |
Numerator: |  |
Net income attributable to Stagwell Inc. common shareholders | $ | 3,271 |  |
Denominator: |  |
Basic - Weighted Average number of common shares outstanding | 108,198 |  |
Dilutive shares: |  |
Restricted share and restricted unit awards | 3,990 |  |
Employee Stock Purchase Plan shares | 2 |  |
Dilutive - Weighted average number of common shares outstanding | 112,190 |  |
Earnings Per Share - Diluted | $ | 0.03 |  |
Anti-dilutive: |  |
Class C Shares | 151,649 |  |
Class A Shares to settle deferred acquisition obligations | 3,346 |  |
The following table sets forth the computations of basic and diluted loss per common share for the nine months ended September 30, 2024 (amounts in thousands, except per share amounts):
| Nine Months Ended September 30, |
| 2024 |
Loss Per Share - Basic and Diluted |  |
Numerator: |  |
Net income | $ | 9,197 |  |
Net income attributable to Class C shareholders | (5,850) |  |
Net income attributable to other equity interest holders | (4,323) |  |
Net income attributable to noncontrolling and redeemable noncontrolling interests | $ | (10,173) |  |
Net loss attributable to Stagwell Inc. common shareholders | $ | (976) |  |
Denominator: |  |
Weighted Average number of common shares outstanding | 111,436 |  |
Loss Per Share - Basic and Diluted | $ | (0.01) |  |
Anti-dilutive: |  |
Class C Shares | 151,649 |  |
Stock Appreciation Rights and Restricted Awards | 4,205 |  |
Class A Shares to settle deferred acquisition obligations | 3,515 |  |
Employee Stock Purchase Plan shares | 45 |  |
The following table sets forth the computations of basic and diluted earnings per common share for the three months ended September 30, 2023 (amounts in thousands, except per share amounts):
| Three Months Ended September 30, |
| 2023 |
Earnings Per Share - Basic |  |
Numerator: |  |
Net income | $ | 3,117 |  |
Net income attributable to Class C shareholders | (33) |  |
Net income attributable to other equity interest holders | (2,431) |  |
Net income attributable to noncontrolling and redeemable noncontrolling interests | $ | (2,464) |  |
Net income attributable to Stagwell Inc. common shareholders | $ | 653 |  |
Denominator: |  |
Weighted Average number of common shares outstanding | 110,787 |  |
Earnings Per Share - Basic | $ | 0.01 |  |
Earnings Per Share - Diluted |  |
Numerator: |  |
Net income attributable to Stagwell Inc. common shareholders | $ | 653 |  |
Net income attributable to Class C shareholders | 33 |  |
| $ | 686 |  |
Denominator: |  |
Basic - Weighted Average number of common shares outstanding | 110,787 |  |
Dilutive shares: |  |
Stock appreciation rights | 407 |  |
Restricted share and restricted unit awards | 2,139 |  |
Employee Stock Purchase Plan shares | 24 |  |
Class A shares | 113,357 |  |
Class C shares | 151,649 |  |
Diluted - Weighted average number of common shares outstanding | 265,006 |
Earnings Per Share - Diluted | $ | — |  |
Anti-dilutive: |  |
Class A Shares to settle deferred acquisition obligations | 7,480 |  |
The following table sets forth the computations of basic and diluted loss per common share for the nine months ended September 30, 2023 (amounts in thousands, except per share amounts):
|  | Nine Months Ended September 30,
|  | 2023
Loss Per Share - Basic |  |
Numerator: |  |
Net loss |  | $ | (4,717) |
Net loss attributable to Class C shareholders |  | 2,702 |
Net loss attributable to other equity interest holders |  | 863 |
Net loss attributable to noncontrolling and redeemable noncontrolling interests |  | $ | 3,565 |
Net loss attributable to Stagwell Inc. common shareholders |  | $ | (1,152) |
Denominator: |  |
Weighted Average number of common shares outstanding |  | 118,772 |
Loss Per Share - Basic |  | $ | (0.01) |
Loss Per Share - Diluted |  |
Numerator: |  |
Net loss attributable to Stagwell Inc. common shareholders |  | $ | (1,152) |
Net loss attributable to Class C shareholders |  | (2,702) |
|  | $ | (3,854) |
Denominator: |  |
Basic - Weighted Average number of common shares outstanding |  | 118,772 |
Dilutive shares: |  |
Class C shares |  | 156,092 |
Diluted - Weighted average number of common shares outstanding |  | 274,864 |
Loss Per Share - Diluted |  | $ | (0.01) |
Anti-dilutive: |  |
Stock Appreciation Rights and Restricted Awards |  | 5,532 |
Class A Shares to settle deferred acquisition obligations |  | 6,843 |
Employee Stock Purchase Plan shares |  | 72 |
Restricted stock awards of 4.6 million and 3.7 million as of September 30, 2024 and 2023, respectively, were excluded from the computation of diluted earnings (loss) per common share because the performance contingencies necessary for vesting were not met as of the reporting date.

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