IPG upgrades full-year outlook

IPG upgrades full-year outlook
In brief

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”.

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