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| Philippe Krakowsky |
Interpublic reported Q3 revenues rose 15.7 percent to $2.3B as it registered solid gains across all operating sectors and geographic regions. Organic growth jumped 15.0 percent.
CEO Philippe Krakowsky said the "remarkable results" were due to the "combination of our exceptionally talented people, and a balanced portfolio of capabilities and expertise."
IPG DXTRA, the global collective of 27 specialty marketing brands including Weber Shandwick, Golin, Revive, Powell Tate, Current Global, Rogers & Cowan PMK and DeVries Global, posted an 18.5 percent surge to $319M in reported revenues. It was up 18.6 percent organically.
For the nine-month period, DXTRA's revenues advanced 9.9 percent on a reported basis and 9.0 percent organically.
DXTRA CEO Andy Polansky told O'Dwyer's the PR units posted double-digit gains on both a reported and organic basis. That compares to a year ago mid-single-digit decline.
The technology, auto, healthcare, financial services and consumer products groups experienced strong gains, especially in the North American and UK markets.
He noted that Weber Shandwick registered double-digit growth in 25 offices. Golin "continued on a roll" by picking up Clubhouse's social media app and Gabb Wireless accounts, while R&CPMK picked up Medibio's consumer mental health app and Grammy Awards-related work.
Krakowsky upgraded IPG's full-year organic growth to 11 percent. He made that revision due to IPG's robust financial showing and "expectations of a reasonably steady course of improvement in the public health situation and attendant global economic recovery."
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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