 Michael Roth |
Interpublic today reported second-quarter revenues rose 6.2 percent to $1.9B and operating profit jumped 10.4 percent to $249.2M as client spending remained strong in the US and accelerated overseas.
CEO Michael Roth said an "exceptional performance in media and at our creativity-led integrated agencies, as well as contributions from our digital services, PR, events and sports marketing" units drove IPG's robust results.
Net organic growth rose 5.6 percent during the quarter. The US was up 4.6 percent, while international increased 7.2 percent.
The constituency management group, which includes Weber Shandwick, Current, DeVries Global, Golin and Rogers & Cowan, rose 6.2 percent for the quarter, and 3.7 percent on an organic basis.
Weber Shandwick CEO Andy Polansky told O'Dwyer's the PR component of the CMG operation registered "mid-single-digit growth on a reported basis" during the quarter and "low-single-digit growth organically."
WS posted double-digit organic growth in 11 international markets. Polansky emphasized that China returned to double-digit growth during the period. Client spending in the healthcare and technology categories remained on the upswing.
Roth, who noted the $2.3B acquisition of Acxiom Marketing Solutions announced earlier this month, said IPG is "well-positioned to execute on the many opportunities that come with unrivaled industry resources to data management, capabilities that are key to driving future growth for our clients."
He bolstered IPG's full-year organic growth target to the 4.0 percent to 4.5 percent range.
For the first-half, IPG's revenues jumped 6.0 percent to $3.7B and operating profit moved ahead 10.6 percent to $288M.
Publicis Groupe reports an 8.8 percent rise in 2025 net revenues to $16.4B with
Public Policy Holding Company today priced its initial public offering at $12.25 per share. The sale of 4,150,000 shares raised $50.8M in gross proceeds.
Public Policy Holding Company reports that 4Q '25 revenues surged 27.8 percent to $49.9M. Organic growth rose 5.4 percent.
WPP tops the Financial Times’ list of the biggest stock market losers for 2025. The share price of the owner of Burson and Ogilvy has plummeted 60 percent so far this year.
FTI Consulting handles media for Modivcare Inc., the Denver-based provider of non-emergency healthcare services. as a Texas federal bankruptcy court confirms its Chapter 11 restructuring plan.
