First Quarter 2023 Earnings Conference Call
Revenue Before Billable Expenses
Three Months Ended
$
2,227.2
March 31, 2022
Foreign currency
Net acquisitions/(divestitures)
Organic
Total change
March 31, 2023
$
$
(51.3)
5.1
(4.1)
(50.3)
2,176.9
% Change
(2.3%)
0.2%
(0.2%)
(2.3%)
2023
$
(1)
Three Months Ended March 31,
960.8 $
2022 (2)
Media, Data & Engagement Solutions
973.7
(0.7%)
IPG Mediabrands, Acxiom, and our digital and commerce specialist agencies, which include MRM, R/GA, and Huge
875.6 $
Integrated Advertising & Creativity Led Solutions
916.9
McCann Worldgroup, IPG Health, MullenLowe Group, FCB, and our domestic integrated agencies
Specialized Communications & Experiential Solutions
340.5 $
Weber Shandwick, Golin, our sports, entertainment and experiential agencies, and DXTRA Health
336.6
Change
(1) "Net Revenue".
(2) Results for the three months ended March 31, 2022 have been recast to reflect the transfer of certain agencies between reportable segments.
See reconciliation of Organic Change of Net Revenue change on page 14.
Note: Revenue Before Billable Expenses was previously referred to as Net Revenue.
in Millions)
Organic
(0.9%)
3.3%
Total
(1.3%)
(4.5%)
1.2%
Interpublic Group of Companies, Inc.
IPGView entire presentation