Interpublic Reports 17.6% Q3 UK Ad Revenue growth

Interpublic Group, parent company of Initiative and Lowe, reported 17.6% growth in UK ad revenue in the third quarter.

UK revenue was $158.2 million in Q3, up from $134.5 million last year. The group’s total revenue was up 15.3% to 776.2 million, from $673.2 million for the same period last year.

Continental Europe reported year on year revenue growth of 15.8% to $257.1 million for Q3.

Michael Roth, Interpublic Group chairman and chief executive, said: “during the past few weeks, it has become clear that the global financial situation has begun to weigh on marketers’ spending plans for both the fourth quarter and 2009.

“As such, we will continue to monitor broader economic developments and to focus on meeting the needs of our clients and managing our margins.”

Interpublic Group: www.interpublic.com