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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.
S&P Global has reaffirmed its negative “BBB” rating on WPP due to ongoing challenges that it will face during the next 12 months.
Stagwell’s Q4 revenues grew two percent to $807M while adjusted EBITDA rose three percent to $129M.
WPP CEO Cindy Rose unveiled “Elevate 28,” a strategic plan to simplify the troubled company, which reported a 5.4 percent drop in 2025 revenues to $13.6B.
Omnicom CEO John Wren reported a Q4 $977.2M operating loss, largely due to the $1.1B in severance and repositioning expenses connected to the $13B Interpublic takeover that closed on Nov. 26.
Publicis Groupe reports an 8.8 percent rise in 2025 net revenues to $16.4B with
