IPG lifts full year outlook after a ‘strong’ March quarter

Chris Pash
By Chris Pash | 29 April 2022
 
Credit: John Arano at Unsplash

Interpublic Group (IPG) posted organic net revenue growth of 11.5% in the March quarter, including 12.2% in the US and  10.2% internationally.

Net revenue was up almost 10% to $2.23 billion. 

The global advertising group increased its full year outlook to 6% organic revenue growth, from a 5% forecast earlier in the year.

The result is in line with other global advertising groups -- Publicis Groupe, Omnicom, Havas and WPP -- reporting better than expected March quarter results.

Interpublic Group CEO Philippe Krakowsky: “We are pleased to report a strong start to our year, with growth highlighted by increases across a broad range of geographies and client sectors. 

ipg organic growth by region march q 2022

“These results reflect the skill that our colleagues bring to their craft and the commitment they consistently demonstrate to our clients and in support of each other. 

“A differentiator of our performance, in the quarter and over a period of many years, remains our ability to deliver marketing and media solutions that bring together award-winning creativity with best-in-class technology and data infrastructure. 

“This combination is responsive to the evolving needs of modern marketers for more digital, precise, and data-informed thinking, as well as the kind of integrated programs that allow IPG to deliver higher-order business solutions.

"We will continue to stay close to and support our people and our clients, remain disciplined in managing our operations, and maintain the strength of our balance sheet.”

ipg march q 2022

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