Revenue grew overall and organically at Interpublic Group in the first quarter of 2015, but the company still recorded a net loss.
World Wrestling Entertainment will slash 7 percent of its workforce after reporting operating at a loss in the second quarter due to the costs of ramping up its online-subscription service.
Interpublic Group today reported a net loss of nearly $21 million in the first quarter of the year, despite solid revenue growth of 6 percent.
Despite a revenue gain, Interpublic Group today reported a net loss for the first quarter of the year. Historically, Q1 is a challenging quarter for the company, given that its revenue total is typically smaller than in other quarters and expenses remain consistent throughout the year, according to IPG.