Philippe Krakowsky
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.