Interpublic Group Announces Q2 and H1 2025 Financial Results

Interpublic Group, a leading global provider of marketing solutions, has released its financial results for the second quarter and first half of 2025. The company reported a decrease in revenue and net income compared to the same periods in 2024, reflecting the impact of strategic restructuring and the planned acquisition by Omnicom.

Financial Highlights

For the second quarter of 2025, Interpublic Group reported total revenue of $2.54 billion, a 6.4% decrease from $2.71 billion in the second quarter of 2024. Revenue before billable expenses was $2.17 billion, down 6.6% from the previous year. The company’s net income for the quarter was $162.5 million, resulting in earnings of $0.44 per basic and diluted share, compared to $0.57 per share in the same period last year. Adjusted earnings per share were $0.75, up from $0.61 a year ago.

For the first half of 2025, total revenue was $4.86 billion, a 6.7% decrease from $5.21 billion in the first half of 2024. Revenue before billable expenses was $4.17 billion, down 7.6% from the previous year. Net income for the first half was $77.1 million, resulting in earnings of $0.21 per basic and diluted share, compared to $0.86 per share in the same period last year. Adjusted earnings per share were $1.08, up from $0.96 a year ago.

Business and Operational Highlights

Interpublic Group’s media and healthcare practice areas showed strong performance, contributing to the underlying growth in the quarter. The company also saw growth in its sports marketing and public relations disciplines. The adjusted EBITA margin before restructuring charges and deal costs was 18.1% for the second quarter and 13.9% for the first half of 2025.

Strategic Initiatives and Corporate Developments

Interpublic Group continued its strategic restructuring actions, incurring charges of $118.0 million in the second quarter and $321.3 million in the first half of 2025. The company also incurred deal costs of $10.9 million in the second quarter and $15.7 million in the first half related to the planned acquisition by Omnicom. The merger with Omnicom is expected to be completed in the second half of 2025.

Management's Perspective

Philippe Krakowsky, CEO of Interpublic, commented, “Organic revenue was in line with expectations, reflecting the impact of account activity in 2024. Underlying growth in the quarter showed sequential improvement against those headwinds, with strong performance at our media and healthcare practice areas. We also saw growth in our sports marketing and public relations disciplines. Our adjusted Q2 margin was very strong due to significant progress on our program of strategic transformation, as well as the benefit of improving operating performance at our two largest units.”

Future Outlook

Looking ahead, Interpublic Group remains on track to achieve its full-year target for an organic net revenue decrease of 1 to 2%. The company expects to drive adjusted 2025 EBITA margin significantly ahead of the previously shared 16.6%, reflecting both structural and operating improvements. The merger with Omnicom is anticipated to unlock significant value, with strong interest and support from clients and enthusiasm from practitioners across both organizations.

SEC Filing: INTERPUBLIC GROUP OF COMPANIES, INC. [ IPG ] - 8-K - Jul. 22, 2025