Interpublic announces second quarter and first half 2023 results

New york, ny, july 21, 2023 (globe newswire) -- total revenue, including billable expenses, was $2.67 billion revenue before billable expenses ("net revenue") was $2.33 billion, a decrease of 2.0%, with organic decrease of 1.7% reported net income was $265.5 million adjusted ebita before restructuring charges was $330.2 million margin of adjusted ebita before restructuring charges was 14.2% on revenue before billable expenses diluted earnings per share was $0.68 as reported and $0.74 as adjusted diluted eps as reported and adjusted includes tax benefit of $0.17 per share related to the conclusion of prior period routine federal tax audits philippe krakowsky, ceo of ipg: “during the second quarter, we saw the same puts-and-takes on revenue that we have identified and discussed since the beginning of the year. notably, among our client sectors, tech continued to weigh significantly on growth.
IPG Ratings Summary
IPG Quant Ranking