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Noncontrolling and Redeemable Noncontrolling Interests (Tables)
 12 Months Ended
Dec. 31, 2025
Noncontrolling Interest [Abstract]  
Noncontrolling Interest
The following table presents Net income (loss) attributable to noncontrolling and redeemable noncontrolling interests between Class C shareholders and other equity interest holders for the years ended December 31:
202520242023
(dollars in thousands)
Net income (loss) attributable to Class C shareholders$(6,637)$17,144 $39,066 
Net income attributable to other equity interest holders
916 2,636 3,076 
Net income (loss) attributable to noncontrolling interests
$(5,721)$19,780 $42,142 
Net income (loss) attributable to redeemable noncontrolling interests7,246 3,005 (634)
Net income attributable to noncontrolling and redeemable noncontrolling interests$1,525 $22,785 $41,508 
The following table presents noncontrolling interests between Class C shareholders and other equity interest holders as of December 31:
December 31, 2025December 31, 2024
(dollars in thousands)
Noncontrolling interest of Class C shareholders (1)
$— $423,428 
Noncontrolling interest of other equity interest holders17,974 21,746 
Total noncontrolling interests$17,974 $445,174 
(1) On April 4, 2025, Stagwell Media LP (“Stagwell Media”) exercised in full its right to exchange all of its 151,648,741 shares of Class C Common Stock for an equal number of newly issued shares of Class A Common Stock (the “Class C
Exchange”). Following the Class C Exchange, the Company no longer has any Noncontrolling interest of Class C shareholders as of December 31, 2025.
Redeemable Noncontrolling Interest
The following table presents changes in redeemable noncontrolling interests for the years ended December 31:
December 31, 2025December 31, 2024
(dollars in thousands)
Beginning balance$8,412 $10,792 
Redemptions (1)
— (17,039)
Additions
2,048 1,127 
Distributions(2,489)(2,880)
Changes in redemption value (2)
9,657 13,363 
Net income attributable to redeemable noncontrolling interests (3)
7,246 3,005 
Currency translation adjustment94 44 
Ending balance$24,968 $8,412 
(1) Redemptions for the year ended December 31, 2024 was associated with redeemable noncontrolling interest of a certain Brand we did not previously own. The amount was reclassified as a deferred acquisition contingent obligation (see Note 9).
(2) Changes in redemption value are the fair value changes from the acquisition date redemption value based on the options held by the minority interest holders, adjusted through Retained earnings.
(3) Net income attributable to redeemable noncontrolling interests includes profit sharing adjustments related to future earnings of the Company.