IPG upgrades full-year outlook

Ella Sagar

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October 21, 2022

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1 minute

In brief: Interpublic Group has recorded 5.6% organic growth in Q3 2022.

(Credit: IPG)

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Ella Sagar Ella Sagar is a reporter for The Media Leader and leads our audio and out-of-home coverage. She joined in September 2021 and has a gold standard NCTJ. She previously wrote for the South West Londoner, Ealing Times, and The Hillingdon Times. At the University of Leeds, she received a First Class Honours Degree in French and Spanish with distinction in speaking and during her time there regularly presented radio shows on Leeds Student Radio, wrote for the student paper The Gryphon and was editor of Her Campus Leeds.

Interpublic Group has recorded 5.6% organic growth in Q3 2022.

The holding group behind media agencies Initiative and UM reported organic growth in all world regions and net revenue for the quarter of $2.3bn.

In its latest earnings, IPG also reported net revenue for the first nine months which was $6.9bn, up 5.2% from the same period in 2021.

Looking forward, the company has upgraded its full-year expectation for organic growth to 7% despite “heightened macroeconomic and geopolitical uncertainty”.