IPG reports strong fourth quarter earnings
IPG has a reported a fourth-quarter income of $317.6m, up from $260.3m during the year prior.
IPG has reported strong fourth quarter earnings
The holding company, whose agencies include FCB, Huge and R/GA, brought in $2.26bn in revenue during the fourth quarter of 2016. In the fourth quarter of 2015, IPG posted $2.20bn in revenue.
According to the company, IPG’s fourth-quarter organic revenue increased 5.3% compared to the prior-year period. IPG’s organic revenue increased 7.8% internationally and 3.3% in the US.
"Across the board, 2016 was a successful year in which we posted strong financial results, continued to build our digital and integrated offerings, and garnered the highest level of recognition for the creativity and effectiveness of our work in over a decade. We grew organically in every region of the world, with notably strong performance in the US, and with broad participation from across our agencies, disciplines and client sectors," said Michael I. Roth, Interpublic's chairman and CEO, in a statement. "Digital activity across the portfolio continues to be a significant driver of our results. We are well positioned to keep innovating, and to remain a vital partner in helping our clients navigate the complex marketing media environment."
The company’s full-year 2016 revenue was $7.85bn, up from 2015’s $7.61bn. The company is expecting organic revenue growth of 3%-4% for 2017.