Interpublic today reported Q3 operating income soared 73 percent to $173.2M on an 11.1 percent rise in revenues to the $1.7B.
The ad/PR combine's Q3 $217.5M net income was bolstered by a $132.M gain from the sale of half of its Facebook holdings.
CEO Michael Roth said the robust performance stemmed from a "cross-section" of growth in its communications portfolio both here and in emerging economies.
Despite the "macroeconomic uncertainty," Roth expects IPG will meet or surpass its four to five percent organic growth and 9.5 percent profit margin targets.
Harris Diamond, CEO of IPG's constituency management group, told O'Dwyer's that the Weber Shandwick, GolinHarris and DeVries-led PR group showed 10.8 percent organic growth for the quarter and 8.8 percent for the year.
He's bullish as more and more chief marketing officers understand the need to commit PR dollars to IPG's social media offerings.
For the nine-month period, IPG's revenue advanced 9.8 percent to $4.9M. It earned $273.2M vs. $58.4M a year ago.