IPG loses US$9.5m in first quarter of 2019, but is ‘on track’ for growth

April 29, 2019 9:03

Interpublic Group (IPG) has announced a “seasonally small” first quarter, which amounted to a loss of US$9.5m.

The figure was up on the same quarter in 2018, when the company lost US$16.1m.

Total revenue for the Interpublic Group between 1 January, 2019 and 31 March, was US$2.36bn, an 8.9% increase on the same period last year. Net revenue was up to US$2bn, a 13% increase.

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Vivienne Kelly

Vivienne Kelly was previously the editor of Mumbrella from 2016 to August 2020.

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IPG loses US$9.5m in first quarter of 2019, but is ‘on track’ for growth

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