Interpublic Group’s total revenue (including billable expenses) fell by 1 per cent to $2.5bn in the first three months of 2024 compared with Q1 of 2023.
Reporting its first-quarter results, IPG said net revenue (excluding billable expenses) was up 0.3 per cent to $2.2bn during the period, an organic increase of 1.3 per cent.
Philippe Krakowsky, IPG’s chief executive, said the results marked a “solid start to the year” and were in line with 2024 targets.
The group, which owns agencies including McCann, MullenLowe, FCB and IPG Mediabrands, recorded a year-on-year net income (or net profit) fall of 12 per cent to $110.4m, down from $126.0m in the same period last year.
Organic growth
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