The Interpublic Group Stock Price, News & Analysis

Primis, a leader in Video Discovery technology, has appointed Amir Rudner as the new VP of R&D, following his 6.5 years with the company. His tenure included roles from developer to director, where he led significant projects like the AMP player and contextual recommendation engine. Co-CEO Eyal Betzalel emphasized Rudner's integral role in the company's growth. Primis aims to enhance its R&D capabilities further, leveraging Rudner's leadership to advance their ad monetization platform, currently servicing hundreds of publishers and 350M users.

LiveRamp (NYSE: RAMP) has promoted Travis Clinger to Senior Vice President of Activations and Addressability. Clinger, who has been with LiveRamp for six years, will continue leading the Addressability team and expand responsibilities to include Activations partnerships, enhancing LiveRamp's market position in light of the growing cookieless environment. Under his leadership, the Authenticated Traffic Solution (ATS) is set to reach 100 countries by the end of 2023, aiming to double addressable scale within a year.

LiveRamp (NYSE: RAMP) reported total revenue of $142 million for Q1 FY2023, marking a 19% increase year-over-year. Subscription revenue rose 20% to $116 million, representing 81% of total revenue. GAAP gross margin remained stable at 71%, while non-GAAP gross margin decreased by 1 percentage point to 75%. The company recorded a GAAP operating loss of $26 million and a non-GAAP operating income of $4 million. LiveRamp repurchased $80 million worth of shares year-to-date. FY2023 revenue guidance is set between $590 million and $600 million, projecting 12% to 13% growth.

The Interpublic Group (NYSE: IPG) has declared a quarterly dividend of $0.29 per share. This payment will be made on September 15, 2022, to shareholders on record by the close of business on September 1, 2022. As an S&P 500 company, Interpublic reported net revenue of $9.11 billion in 2021, highlighting its position in the marketing solutions sector.

LiveRamp (NYSE: RAMP) will release its first quarter 2023 earnings on August 4, 2022, after market close. A conference call is set for 1:30 p.m. PT on the same day to discuss the results. Interested parties can register for the call and access a live webcast via the Investor Relations website. LiveRamp is recognized as a leading global data enablement platform, allowing businesses to better leverage data for improved customer experiences and outcomes. For updates, investors can subscribe to receive financial news via email.

Interpublic Group (NYSE: IPG) announced significant senior leadership changes on July 21, 2022. Daryl Lee has been appointed Global CEO of McCann Worldgroup, previously leading IPG Mediabrands, while Eileen Kiernan takes over as CEO of IPG Mediabrands. Bill Kolb transitions to the Chairman role at McCann Worldgroup. These changes are effective immediately, with a transition period ending September 6, 2022. IPG's CEO, Philippe Krakowsky, praised Lee's leadership and Kiernan's strategic prowess. Both leaders aim to enhance client success through innovation and collaboration.

Interpublic Group (IPG) reported a strong second quarter of 2022, achieving net revenue of $2.38 billion, up 4.7% year-over-year. Organic growth reached 7.9%, with a notable increase of 8.3% in the U.S. Adjusted EBITA was $370.1 million, reflecting a margin of 15.6% on net revenue. Despite macroeconomic uncertainties, IPG expects full-year organic growth to exceed 6.5% and an adjusted EBITA margin of 16.6%. The company also repurchased 4.5 million shares at an average price of $32.84.

REI Path Ahead Ventures has launched its Navigate accelerator program, aimed at supporting six companies founded by people of color in the outdoor industry. Spanning 16 weeks, the program provides these founders with $25,000 equity-free grants, mentorship, and access to REI's resources. Each company will benefit from tailored learning experiences and industry connections, enhancing their growth potential. This initiative is part of a broader $30 million commitment by REI to partner with diverse founders and foster inclusivity in the outdoor sector.