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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.
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
