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| 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 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.
WPP shares have been dropped from the London Stock Exchange’s prestigious FTSE 100 index as its stock market price has plunged by two-thirds this year.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
