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| Philippe Krakowsky |
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Organically, IPG suffered a 2.9 percent drop in revenues as it heads for a merger into Omnicom.
The specialized communications services group (Weber Shandwick, Golin, DeVries Global, Current Global and IPG DXTRA Health) reported a 6.8 percent plunge in Q3 revenues to $600M. Segment EBITA dropped to 24.2 percent to $59.4M.
In the US, the SC&E operation posted a 10.7 percent dip in Q3 revenues to $413M. It was up 2.7 percent internationally.
On a nine-month basis, the communications group was down 2.7 percent to $1.8B. EBITA dipped 14.8 percent to $150M.
Team Krakowsky took a Q3 $129.5M severance and termination charge to cover the firing of about 800 workers. The nine-month charge tallied $450.8M.
IPG shareholders will own a 39.4 percent stake in the bulked-up Omnicom.
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
