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| Philippe Krakowsky |
Interpublic’s Q3 net revenues fell 2.9 percent to $2.2B, while operating income plunged 64.7 percent to $132.9M, due largely to a $232.1M non-cash impairment charge for the planned sales of Huge and R/GA.
CEO Philippe Krakowsky said IPG continued to see progress in the evolution of its offerings and organizational structure, as it invested in the stronger, growing areas within the portfolio.
The specialized communications & experiential solutions group (Weber Shandwick, Golin, Current Global, R&CPMK, DeVries Global, Jack Morton, Momentum and DXTRA Health) recorded a 0.9 percent dip in Q3 revenues to $368.1M. It was up 1.2 percent organically.
Krakowsky cited solid gains in the PR group at Weber Shandwick and Golin.
He noted that Weber announced new client partnerships with Primark, The Aspen Group and Bicycle Therapeutics, clinical stage biopharmaceutical company.
Golin saw growth across its practice groups, including influencer marketing, content creation and social.
Krakowsky said IPG sees a strong new business pipeline, for both Q4 activity and longer-term AOR opportunities.
WPP chief Cindy Rose is cutting up to 1,000 jobs by the end of the year, adding to the 11K jobs lost since the start of 2025, according to a report in the Financial Times.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
