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The Interpublic Group of Companies, Inc. - $IPG STOCK NEWS

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KINESSO, IPG Mediabrands' tech and data unit, appoints Tom Amies-Cull as Global COO and Amie Owen as Global Chief Growth Officer. The leadership decisions aim to enhance tech expertise and client service, following the merger of agencies under KINESSO umbrella. The move reinforces commitment to assisting brands in navigating commerce, emerging tech, and AI.

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Interpublic (IPG) reported its first-quarter 2024 results, with total revenue of $2.50 billion and net revenue of $2.18 billion, showing a 0.3% increase from the previous year. Operating income was $184.2 million, and adjusted EBITA was $205.5 million with a 9.4% margin. Net income was $110.4 million. The CEO, Philippe Krakowsky, highlighted the growth in data-driven media offerings and partnerships like the one with Adobe. Despite a client's decision impacting the outlook, IPG aims for 1-2% organic growth for the year and an adjusted EBITA margin of 16.6%. The balance sheet remains strong, allowing for capital returns and M&A activity.
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IPG Mediabrands launches Climate Action Accelerator Program to help marketers reduce emissions from media activities. The program aims to empower clients with sustainability solutions through partnerships focused on emissions measurement, renewable energy, carbon removal, and climate-responsive research.
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IPG's Commonwealth//McCann has been recognized as one of General Motors' top global suppliers of 2023, winning the Supplier of the Year award for the fifth time. The rigorous selection process emphasizes shared values, innovation, and commitment to achieving GM's ambitious goals. Commonwealth//McCann's dedication to delivering world-class creative and real results has been acknowledged through various awards and accolades, showcasing their ongoing partnership with Chevrolet and GM.
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LiveRamp awarded 2024 Google Cloud Partner of the Year for Retail Technology, recognized for delivering solutions to enhance marketing data and analytics for retailers and brands.
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Interpublic Group (IPG) will release its first quarter earnings on April 24, 2024, followed by a conference call for investors. The call will be available live on the company's website and archived for 30 days.
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Savage Ventures signs a two-year exclusive contract with Primis for American Songwriter, enhancing video distribution and engagement. The partnership aims to boost revenue and reach a wider audience.
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Primis, a leading video discovery platform, received the TAG Certified Against Fraud Seal from TAG for the seventh consecutive year. The company focuses on brand safety, transparency, and aligning with industry standards. Primis emphasizes IVT pre-bid verification tools and working with brand-safe marketers. Sellers.guide, an initiative by Primis, empowers publishers with free ads.txt management tools and industry insights. The company's dedication to a cleaner digital advertising landscape is recognized by TAG.
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Interpublic Group (IPG) announced the retirement of Kristen Cavallo, Global CEO of MullenLowe, who will transition to advisory roles in 2025. Cavallo, known for strategic prowess and business growth, plans to focus on social causes. Her tenure saw key business wins, diverse leadership teams, and accolades for agency performance. IPG appointed new CEOs for MullenLowe and The Martin Agency, praising Cavallo's creativity and leadership.
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Carmichael Lynch, a renowned marketing communications firm, announced the integration of Tierney, a leading Mid-Atlantic firm, into its operations effective May 1, 2024. Tierney's CEO, Mary Stengel Austen, will step down, and Tracey Santilli will continue as President. The move aims to enhance creative services and expand operations across Philadelphia, New York, and Minneapolis.
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The Interpublic Group of Companies, Inc.

NYSE:IPG

IPG Rankings

IPG Stock Data

11.69B
377.03M
0.36%
102.99%
4.68%
Advertising Agencies
Professional, Scientific, and Technical Services
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United States of America
NEW YORK

About IPG

interpublic is one of the world’s premier advertising and marketing services companies. our agency brands deliver custom marketing solutions to many of the world’s largest advertisers. we cover the spectrum of marketing disciplines and specialties, from public relations and consumer advertising, to mobile and search engine marketing. our client solutions vary from project-based activity involving one agency and its client to long-term, fully-integrated campaigns created by a group of our companies working together on behalf of a client. with offices in over 100 countries, we can operate in a single region or align work globally across all major world markets. interpublic employs approximately 48,700 marketing professionals. based in new york city, interpublic sets company-wide financial objectives and corporate strategy, directs collaborative inter-agency programs, establishes financial management and operational controls, guides personnel policy, conducts investor relations and in