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| Michael Roth |
Interpublic CEO Michael Roth today reported that Q3 revenue rose 6.1 percent to $2.4B and a 2.9 percent jump in net income to $165.6M. Net organic revenues (excluding Acxiom data management arm) advanced 1.4 percent.
He credited the PR, media, healthcare marketing and sports/entertainment groups for driving IPG's performance.
The constituency management group, which is headed by Andy Polansky, registered a 0.7 percent uptick in revenues to $317.5M. Organic revenues were up 2.1 percent.
For the nine-month period, CMG chalked up $931.2M in revenues, up 0.5 percent on an as-reported basis and 2.0 percent organically.
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| Andy Polansky |
Polansky told O'Dwyer's the PR shops within CMG (Weber Shandwick, Golin, ReviveHealth, DeVries Global, Current Global and Rogers & Cowan) had low single-digit growth during quarter of 2019 on both an organic and as-reported basis.
Weber, R&C and CG and Current had particularly strong quarters. Europe and Latin America were the highest-performing regions, though the U.S. and Asia had some pockets of very strong performance as well.
"We are beginning to see more and more collaborative opportunities across CMG, with clients looking for the expertise we have across the group in public relations, sports and experiential marketing, and digital marketing, branding and consulting," said Polansky. "We are fusing all of this capability with the creative chops we have in the group and across IPG and are delivering integrated solutions for our clients around the globe."
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.
Stagwell CEO Mark Penn reported Q4 net revenues dipped 5.6 percent to $551.1M during a “challenging year for marketing services and digital transformation.”
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WPP reported Q4 revenues inched ahead 0.3 percent to $4.1B as CEO Mark Read wrapped up a year that he said was more challenging than expected due to cutbacks, mainly by technology clients.
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