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| Philippe Krakowsky |
Interpublic reported flat Q3 net revenues (+0.6 percent) of $2.3B as its financial performance did not live up to expectations, said CEO Philippe Krakowsky.
He cited lagging activity in the technology and telecom sectors, and clients delaying projects due to concerns over the macroeconomic conditions as crimping Interpublic’s onboarding of new business.
“We are focused on closing the year as strongly as possible and, specific to areas of underperformance, will simultaneously assess internal structural solutions in order to improve our growth profile,” said Krakowsky.
He projects 1 percent organic growth during Q4, compared to the 0.4 percent decline in Q3.
Krakowsky called PR a positive contributor to growth during the period.
On the PR front, IPG’s specialized communications & experiential solutions division, which includes Weber Shandwick, Golin, Current Global, R&CPMK, DeVries Global, Jack Morton, Momentum, and DXTRA Health, reported 7.7 percent growth to $371.3M. It was up 6.5 percent organically.
The unit registered 4 percent growth to $1.1B for the nine-month period, and a 4.5 percent advance on an organic basis.
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.
