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| Philippe Krakowsky |
Interpublic reported Q4 revenues inched ahead 1.8 percent to $3B while net income tumbled 17 percent to $297.2M.
Revenues for the full year were up 6.7 percent to $10.9B and net income was off 1.6 percent to $938M.
Though the macroeconomic situation remains uncertain, CEO Philippe Krakowsky says marketers “see the need to stay invested and be in the marketplace, as well as a degree of caution."
He’s confident that IPG’s strongest growth areas, such as “consultative media services, healthcare marketing, experiential marketing, and commerce, all supported by our best-in-class data capabilities and creative assets, will continue to perform despite the current economic headwinds."
The specialized communications and experiential solutions group, which includes Weber Shandwick, Golin, Current Global, R&CPMK, DeVries Global, Jack Morton, Momentum, and DXTRA Health, reported flat revenues of $356.3M. It was up 3.5 percent on an organic basis.
For 2022, SP&ESG posted a 5.8 percent revenue boost to $1.4B and 8.5 percent growth organically.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
