 |
| Michael Roth |
Interpublic Group today reported a 5.4 percent rise to $2.5B in Q2 revenues and a 6.0 percent jump in operating income to $264.2M.
Organic growth (excluding results from the 2018 $2.3B Acxiom acquisition) advanced 3.0 percent.
CEO Michael Roth said IPG's "industry-leading organic growth is a tribute to the competitiveness of our offerings and strength of our talent."
IPG's media, global creative networks, PR and digital offerings sparked the Q2 performance, according to Roth, especially in the healthcare, financial services, consumer goods and retail sectors.
The McCann, FCB and MullenLowe integrated agency network group registered a robust 10.8 growth in Q2 revenues to $1.8B while organic growth advanced 3.2 percent.
The Weber Shandwick, DeVries Global, Rogers & Cowan, Jack Morton, Octagon, Current Global and Golin constituency management group lagged the ad network unit. CMG's revenues inched ahead by 0.3 percent to 320M in the quarter and rose 1.9 percent on an organic basis.
Andy Polansky, who was upped from Weber Shandwick CEO to CMG head on July 17, noted that Weber enjoyed a mid-single digital growth organically during the first half and had 19 units showing double-digit gains.
He said a major priority is to provide clients "best-in-class" capabilities through more collaboration among PR units such as Golin and Weber with PMK BNC (entertainment), Jack Morton (experiential marketing) and Octagon (events).
Roth expects IPG to achieve its three percent organic growth goal for the year and to deliver "significant shareholder value creation."
WPP reported a 5.5 percent decline in Q1 PR revenues to $292M as its BCW and Hill & Knowlton units suffered the loss of Pfizer assignments, and cutbacks in client spending due to the economic uncertainty.
Interpublic CEO Philippe Krakowsky said the firm is off to a “solid start to the year” as its flat $2.2B net revenues are in line with 2024 financial targets.
Why financial planning always plays a crucial role in every PR firm’s success.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
Public Policy Holding Company registered 24.1 percent growth to a record $135M during the past year, which included the results of the March 1 acquisition of Multistate Assocs.
Have a comment? Send it to 
No comments have been submitted for this story yet.