Global advertising group IPG lifted its full year expectations after posting organic growth of 15% in the September quarter.
Compared to the pre-pandemic September quarter in 2019, organic growth was 10.7%.
Net revenue for the September quarter was $2.26 billion, up 15.7% from the same quarter a year ago. Net revenue for the first nine months of 2021 was $6.56 billion, an increase of 13.5%.
IPG now expects organic growth of about 11% over the 12 months.
“We are pleased with our third quarter performance, which was highlighted by strong revenue growth in all world regions and across our operating segments, and driven by broad-based contributions across our agencies and client sectors,” says CEO Philippe Krakowsky.
“These remarkable results are thanks to our people, across all of Interpublic, who have continued to show a high level of dedication and support – to our clients and to one another.
“The combination of our exceptionally talented people, and a balanced portfolio of capabilities and expertise, continues to set a high competitive standard.”
“The strategic steps we have taken over the long-term position us as a high value business partner that helps marketers thrive in the digital economy.
“By combining the power of creativity with the benefits of data and technology, we can create integrated solutions that are precise and accountable, solving business issues and driving growth for clients across a range of industry sectors.“
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