IPG announces Q2 2022 results, with notably slower growth but strong revenues

July 22, 2022 10:46

Interpublic Group Mediabrands (IPG) has today released their Q2 and H1 2022 results, seeing increased revenues but sluggish growth globally.

IPG, which owns Australian agencies UM, Initiative and Magna, posted net revenue of $2.38 billion for Q2 2022, an increase of 4.7% compared to $2.27 billion revenue in Q2 2021. During the quarter, organic net revenue increase was 7.9%, which was comprised of an organic net revenue increase of 8.3% in the U.S. and an increase of 7.1% internationally. Q2 2022 total revenue (including billable expenses of $2.74 billion) increased by 9.0% compared to $2.51 billion in 2021.

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Seja Al Zaidi

Seja Al Zaidi was Mumbrella’s finance reporter, spearheading the publication’s coverage on the financials of advertising, marketing and media sectors.

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