Interpublic announces first quarter 2023 results

New york, ny, april 27, 2023 (globe newswire) -- total revenue, including billable expenses, was $2.52 billion revenue before billable expenses (“net revenue”) was $2.18 billion, a decrease of 2.3% from a year ago, with organic decrease of 0.2% net income was $126.0 million as reported adjusted ebita before restructuring charges was $210.8 million with 9.7% margin on net revenue, in seasonally small first quarter diluted eps was $0.33 as reported and was $0.38 as adjusted company confirms it is on track to achieve its 2023 organic revenue growth target of 2% - 4% and to further expand full-year margin to 16.7% philippe krakowsky, ceo of ipg: “in our first quarter, the services and capabilities that have led our substantial multi-year growth, notably media, healthcare and data-informed practices, continued to perform well, with strong growth that was offset by certain areas of softness, notably among marketers in the technology sector. the result was a slight decline in first quarter organic revenue.
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