IPG Q3 2022 earnings: organic growth slows, but upgrades full-year outlook

Andrew Banks

October 24, 2022 9:35

Interpublic Group Mediabrands (IPG) has released its third quarter and first nine months 2022 results, showing net revenue at $2.3 billion (AU$3.59 billion) – an increase of 1.5% from a year ago, with organic growth of 5.6%.

Third quarter net income was $251.8 million (AU$393.5 million), with adjusted EBITA before restructuring charges of $356.2 million (AU$556.7 million) and margin of 15.5% on revenue before billable expenses.

The company has upgraded its FY22 performance outlook, despite a more challenging macroeconomic environment, highlighting the strength of talent and diverse offerings, delivered through an integrated and flexible business model.

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Andrew Banks

Andrew is an editor and journalist with over 27 years' experience, working across publications including news.com.au, The Sunday Telegraph and The Australian newspaper.

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