The Interpublic Group Stock Price, News & Analysis

Interpublic Group (NYSE: IPG) announces senior management changes at R/GA following the departure of CEO Sean Lyons. Tiffany Rolfe, the Global Chief Creative Officer, expands her role as Chair of R/GA, while Robin Forbes transitions to Interim CEO. This leadership change is part of a succession plan aimed at maintaining R/GA's innovative edge in marketing. Rolfe has been with R/GA since 2018, elevating the agency's profile with numerous industry awards. R/GA was recognized as the No. 2 agency in Ad Age's A-List and has a strong presence in the Gartner Magic Quadrant.

LiveRamp (NYSE: RAMP) announced the expansion of its partnership with Snowflake, enhancing product capabilities for marketers. This upgrade enables data connectivity for post-cookie marketing and facilitates real-time performance measurement. Key benefits include accelerated identity resolution services, improved audience activation accuracy, and user-friendly interfaces for marketers. The partnership aims to support evolving data privacy regulations while fostering collaboration across marketing channels. LiveRamp’s new features will be available for Snowflake clients through alpha testing, with general availability expected later this year.

Allen Media Group has integrated LiveRamp's Authenticated Traffic Solution (ATS) into its streaming platforms, The Weather Channel TV Streaming App and Local Now. This move allows marketers to effectively find and engage their audiences with addressable and measurable impressions, enhancing consumer relationships while prioritizing privacy. The adoption of ATS eliminates reliance on third-party identifiers, providing data-driven targeting with first-party authentication. According to CEO Byron Allen, this implementation is a strategic response to privacy demands and market pressures, aiming to build trust with consumers and create value for marketers.

LiveRamp (NYSE: RAMP), a leading data collaboration platform, announced that CEO Scott Howe will present at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 7th at 2:40 p.m. PT / 5:40 p.m. ET. The event highlights LiveRamp's role in enhancing customer data connectivity and privacy-first collaboration within companies and their marketing partners, aiming to improve customer journeys. Investors can access the live webcast and replay via LiveRamp's investor relations website.

LiveRamp (NYSE: RAMP) has appointed Brian O’Kelley, former CEO of AppNexus, to its board of directors. O'Kelley, currently CEO of Scope3, brings extensive expertise in advertising technology. His background includes co-founding Waybridge and serving as CTO at Right Media. CEO Scott Howe expressed confidence in O'Kelley’s ability to support LiveRamp's mission of facilitating data collaboration among global marketers. O'Kelley has received several accolades, including Crain’s 40 Under 40 and EY Entrepreneur of the Year. He aims to leverage his advertising technology experience to advance LiveRamp's platform.

Interpublic Group (NYSE: IPG) has declared a quarterly dividend increase from $0.29 to $0.31 per share, marking a 7% hike, payable on March 15, 2023, to shareholders on record by March 1, 2023. Additionally, the Board has authorized a new stock repurchase program of up to $350 million, supplementing the existing 2022 program. This program allows for various repurchase methods depending on market conditions, with no expiration date. CEO Philippe Krakowsky emphasized the significance of these actions, highlighting the company’s operational strength and strategic confidence, which have persisted even through the pandemic.

Interpublic Group (IPG) reported a strong financial performance for FY 2022, with total revenue of $10.93 billion, a 3.7% increase from 2021. Organic revenue growth was commendable at 7.0%. The net income for the year stood at $938 million, resulting in diluted earnings per share of $2.37. In Q4 2022, total revenue was $2.99 billion, with net revenue holding steady at $2.55 billion and organic growth of 3.8%. The Board announced a 7% dividend increase to $0.31 per share and authorized $350 million for share repurchases, reflecting confidence in the company’s strategy amid economic uncertainty.

LiveRamp (NYSE: RAMP) reported Q3 fiscal 2023 results, achieving total revenue of $159 million, a 13% increase year-over-year. Subscription revenue rose by 14% to $126 million, now 80% of total revenue. Despite a GAAP operating loss of $24 million, non-GAAP operating income improved to $26 million. The company generated $16 million in operating cash flow and extended its share repurchase program by $100 million. LiveRamp anticipates revenue between $595 million and $600 million for fiscal 2023, marking a 13% increase year-over-year. The company maintains a strong customer base with 910 subscription customers and a CRPO of $324 million.

The Hawthorn Group has announced the return of Liam Goodwin as Director of Client Services, effective February 6, 2023. In this role, he will manage client programs and budgets while aligning resources with client needs. Goodwin previously worked at Golin, an Interpublic Group public relations agency, where he managed research initiatives. His prior experience includes roles at Hawthorn and various political organizations. The Hawthorn Group specializes in public affairs for regulated industries, employing targeted engagement strategies developed over nearly 50 years.