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| Philippe Krakowsky |
Interpublic suffered a $85.4M Q1 loss as net revenues declined 8.5 percent to $2B. It earned $110.4M in the year-ago period.
The just completed quarter, which includes a $203.3M restructuring charge, was “consistent with our expectations,” said CEO Philippe Krakowsky. as Interpublic moves to be acquired by Omnicom.
A 3.7 percent decline in revenues from strategic divestitures, 3.6 percent organic decrease and 1.2 percent dip from the negative impact of foreign currency translations accounted for a chunk of the sales shortfall.
Interpublic’s specialized communications & experiential solutions group (Weber Shandwick, Golin, Current Global, R&CPMK, DeVries Global, Jack Morton, Momentum and DXTRA Health) reported a 3.9 percent drop in revenues to $326.9M. It was down 2.4 percent on an organic basis.
On the economic front, Krakowsky said the implications of the Trump policy changes vary among industries and geographies.
“We are working closely with our clients in considering the decisions they may need to make when it comes to channel choices, investment levels, and the best mix of marketing disciplines required to deliver business outcomes in more uncertain economic circumstances,” he said.
Interpublic said it remains on track to complete the Omnicom deal during the second half of this year.
Publicis Groupe posted five percent Q3 net organic revenue growth, marking “another very strong quarter” for the French-based firm, according to CEO Arthur Sadoun.
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.
