IPG(US:IPG) Globenewswireยท2025-07-22 11:00Revenue Performance - Total revenue for Q2 2025 was $2.54 billion, a decrease of 6.4% compared to Q2 2024, with net revenue at $2.17 billion, down 6.6% year-over-year [7][10][36] - For the first half of 2025, total revenue was $4.86 billion, a decline of 6.7% from the same period in 2024, with net revenue at $4.17 billion, down 7.6% [7][11][36] Operating Results - Adjusted EBITA for Q2 2025 was $393.7 million, with a margin of 18.1% on revenue before billable expenses, compared to $338.9 million in Q2 2024 [12][36] - Operating income for Q2 2025 was $243.7 million, down from $318.2 million in Q2 2024, reflecting restructuring charges of $118.0 million [12][35] Net Results - Reported net income for Q2 2025 was $162.5 million, resulting in diluted earnings per share of $0.44, compared to $0.57 in Q2 2024 [6][35] - For the first half of 2025, net income available to IPG common stockholders was $77.1 million, with diluted earnings per share of $0.21, down from $0.86 in the same period of 2024 [11][36] Strategic Developments - The company is on track to complete its merger with Omnicom in the second half of 2025, with strong client interest and support [4][28] - Continued investments in data and technology, including artificial intelligence, are expected to enhance service offerings and drive new business performance [3][4] Cost Management - Total operating expenses in Q2 2025 decreased by 4.1% compared to Q2 2024, with significant reductions in salaries and related expenses [12][35] - The staff cost ratio improved to 63.4% in Q2 2025 from 66.9% in Q2 2024, indicating better cost efficiency [14][35] Balance Sheet and Cash Flow - As of June 30, 2025, cash and cash equivalents totaled $1.56 billion, down from $2.19 billion at the end of 2024 [22] - The company repurchased 7.4 million shares at a cost of $188.3 million during the first half of 2025 [23]