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On IPG’s third quarter earnings call today, CEO Michael Roth said nearly all of its agencies and disciplines showed improved growth from the prior three-month period, a sign that it’s beginning to recover from the economic impact of Covid-19.
The holding company’s organic net revenue dipped 3.7% during the third quarter, an improvement from the 9.9% drop in its last earnings report in July. Organic net revenue fell 2.4% in the U.S. and 6% internationally.
“As expected, that result continues to show the effect of the pandemic and global economic contraction, though perhaps not to the extent anticipated,” Roth said during the earnings call.
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