Interpublic Group reports first-quarter net loss

Share this content:

The Interpublic Group of Companies (IPG) reported a first-quarter net loss of $53.2 million on April 28. Although the holding company's revenue grew 9.3% organically to $1.47 billion in the quarter, compared with the prior year, operating expenses rose 8.9% to $1.52 billion in the period.

IPG's Integrated Agency Network segment, which includes domestic agencies and service providers such as McCann Worldgroup, Draftfcb, Lowe & Partners and Mediabrands Worldwide, saw a 9.7% year-over-year organic increase in revenue to $1.24 billion. Marketing services accounted for 42% of the company's first-quarter revenue.

Organic growth represents change in revenue without measuring the impact of acquisitions or disposals.

“We are pleased to have started the year with another quarter of strong revenue growth and operating margin improvement,” said Michael Roth, chairman and CEO of IPG. “All of our major agencies contributed to this performance, led by our operations in the US and emerging markets.”

Roth said the company expects to see the 4% to 5% organic revenue growth in 2011 that he had targeted during IPG's full-year 2010 earnings call. IPG reported $6.5 billion in revenue for full-year 2010, a 7% organic growth increase from the prior year.


Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above