IPG records 8.9% growth in total revenue
In the first quarter of 2019, IPG reported 6.4% organic net revenue growth to $2 billion. The US saw a net organic increase of 5.7%, while international growth was up 7.7%. Total revenue of $2.36 billion in the first quarter of 2019 jumped 8.9%, year-over-year. The company saw a net loss of $9.5 million compared to a net loss of $16.1 million in Q1 of 2018.
The total growth of net revenue was 13% for the quarter, which includes revenue from Acxiom, which is “on track with our expectations,” Interpublic Group CEO Michael Roth said during a Friday morning Q1 earnings call.
While a number of holding companies are consolidating and merging agencies, Roth emphasized the importance of its individual brands.