Interpublic Group Q4 2022 Earnings Report
Key Takeaways
Interpublic Group (IPG) reported Q4 2022 total revenue of $2.99 billion and revenue before billable expenses of $2.55 billion, with organic growth of 3.8%. The company's diluted earnings per share were $0.76 as reported and $1.02 as adjusted. The board approved a 7% dividend increase and an additional $350 million for share repurchases.
Total revenue for Q4 2022 was $2.99 billion.
Revenue before billable expenses for Q4 2022 was $2.55 billion, relatively flat year-over-year.
Q4 2022 organic revenue growth was 3.8% across all regions.
Diluted earnings per share for Q4 2022 were $0.76 as reported and $1.02 as adjusted.
Interpublic Group
Interpublic Group
Forward Guidance
IPG expects organic net revenue growth for 2023 of 2% to 4% and anticipates further expansion of the adjusted EBITA margin to 16.7% for the full year.
Positive Outlook
- Strongest growth areas of our business, such as consultative media services, healthcare marketing, experiential marketing, and commerce.
- Best-in-class data capabilities.
- Creative assets.
- Strong balance sheet.
- Commitment to financial flexibility.
Challenges Ahead
- Macroeconomic situation remains uncertain.
- Marketers are approaching 2023 with caution.
- Potential developments like the emergence of more transmissible or virulent coronavirus variants.
- Associated mitigation measures, such as restrictions on businesses, social activities and travel, on the economy, our clients and demand for our services
- The economic or business impact of military or political conflict in key markets.