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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."
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.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
Interpublic reported Q2 net revenues dropped 6.6 percent to $2.2B and operating income tumbled 23.4 percent to $243.7M. 
WPP has adopted a gloomier profit and sales forecast due to a deteriorating Q2 financial performance triggered by weak client spending as companies cope with the challenging economic backdrop.
