Interpublic today reported an 18.3 percent decline in Q2 net to $86.1M on a 2.4 percent uptick in revenues to the $1.8B mark.
U.S. revenues advanced 4.8 percent to $997M, while overseas activities slipped 0.7 percent to $760M.
CEO Michael Roth said the primary focus during the second-half would be on “controlling costs and delivering a high level of revenue conversion.”
IPG’s constituency management group, which includes Weber Shandwick, GolinHarris, DeVries, Jack Morton and Octagon, reported a robust 9.6 percent rise in revenues to $320M.
That contrasted with the 0.9 percent growth of the ad agency group of McCann Worldgroup, Draftfcb and Lowe & Partners.
Andy Polansky, CEO of Weber Shandwick, said IPG’s top PR unit did “particularly well” during the period, driven by strong performances in healthcare, reputation, social media and public affairs.