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IPG CEO Michael Roth said he is “very pleased” with the holding company’s “strong performance” for both the fourth quarter of 2019 and full year on this morning’s quarterly earnings call.
The holding company reported 3.3% organic net revenue growth for 2019, beating its 2-3% target. In the fourth quarter, it experienced organic net revenue growth to the tune of 2.9%.
In the U.S. specifically, organic revenue grew 2.1% during the fourth quarter. Roth said the holding company’s domestic growth was led by a “range of offerings,” specifically FCB and McCann’s healthcare agencies as well as creative shops MullenLowe and Carmichael Lynch.
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