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Interpublic reported Q2 net revenues dropped 6.6 percent to $2.2B and operating income tumbled 23.4 percent to $243.7M.
Operating income included a $118M restructuring charge and $10.9M in costs related to the Omnicom takeover.
CEO Philippe Krakowsky said client activity during the first-half was “largely resilient in the face of macro uncertainty.”
The Omnicom deal is on target to be completed during the second half of the year. “The level of interest and support from clients continues to be strong, and there is enthusiasm on the part of practitioners across both organizations to unlock the value that the combination will create,” said Krakowsky.
Combining OMC’s and IPG’s talent, complementary capabilities, and geographic strengths, will create “an organization with unmatched ability to deliver business outcomes for marketers in every industry sector, around the world,” according to Krakowsky.
During Q2, IPG’s Weber Shandwick, Golin, IPG DXTRA Health and experiential agencies group posted 3.1 percent revenue growth to $364.5M. It was up 2.3 percent organically.
First-half revenue was flat at $691.4M.
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.
