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| Philippe Krakowsky |
Interpublic reported Q1 net revenue dropped 2.3 percent to $2.2B. Organic revenues dipped 0.2 percent compared to a 11.5 percent rise in last year’s period.
CEO Philippe Krakowsky said softness in areas such technology offset good performances in healthcare, media and data-informed practices.
He said Q1 financial results are “consistent with our internal forecast of pacing for the full year, both overall and across each of our operating segments.”
Interpublic’s specialized communications and experiential solutions unit, which includes Weber Shandwick, Golin, Current Global, R&CPMK, DeVries Global, Jack Morton, Momentum, and DXTRA Health) posted 1.2 percent growth to 340.5M. It was up 3.3 percent organically.
Operating income during the quarter plummeted 23.4 percent to $188.3M. IPG spent $77.8M to purchase 2.2M shares at the average price of $35.50. Shares are currently trading at $34.90.
Krakowsky projects full-year organic growth will fall in the midpoint of a two-to-four percent range.
WPP CEO Cindy Rose has retained Goldman Sachs to explore strategic options regarding its Burson PR flagship, according to a report in the London Times.
Mike Sitrick has bought his firm Sitrick And Company back from RGP, the Dallas-based management consulting firm. He sold the strategic communications powerhouse for $43.4M in Oct. 2009.
Omnicom CEO John Wren enjoyed a 222 percent jump in 2025 compensation to $69.9M as the firm completed the acquisition of Interpublic.
Public Policy Holding Company recorded 24.7 percent growth in 2025 revenues to $186.5M and a 32.1 percent surge in adjusted net income to $36.6M.
S&P Global has reaffirmed its negative “BBB” rating on WPP due to ongoing challenges that it will face during the next 12 months.
