Interpublic Group today reported a net organic revenue decline of 3.5% for the second quarter, which it attributed to account losses in the prior year. Total revenue was $2.5 billion, down 6.6%. The company said the results were in line with expectations and that it was sticking with its previously stated full-year outlook of an organic revenue shortfall of between 1% and 2%.   

U.S. organic revenue declined 2.6% and international revenue declined 5.4%.   

Net income fell to $162.5 million, including restructuring charges of $88 million and costs related to the proposed acquisition of the company by Omnicom of around $10 million. That compares to net income of $324.9 million in Q2 2024.  

Media, Data & Engagement Solutions were down 3.1% for the period. Integrated Advertising & Creativity Led Solutions were down 6.3%. Specialized Communications & Experiential Solutions were up 2.3%.   

Account losses aside, IPG CEO Philippe Krakowsky said that “Underlying growth in the quarter showed sequential improvement against [account loss] headwinds, with strong performance at our media and healthcare practice areas. We also saw growth in our sports marketing and public relations disciplines.”  

“Our organization continues to evolve as we connect more of our capabilities to the strong foundational elements of data and technology. This includes continued progress in embedding artificial intelligence in our workflows and products, allowing us to deliver the benefits of our centers of excellence and platforms to clients through solutions that drive marketing and sales outcomes for their businesses. With these investments in our people and our capabilities, we are seeing positive new business performance.”