Financial Data and Key Metrics Changes - Organic revenue growth for Q1 2025 was 3.4%, aligning with expectations, with adjusted EBITDA margin at 13.8% [7][24] - Non-GAAP adjusted earnings per share increased by 1.8% to $1.70 compared to Q1 2024 [7][41] - Reported revenue grew by 2%, while total operating expenses included $33.8 million of IPG acquisition-related costs [23][24] Business Line Data and Key Metrics Changes - Media and advertising grew by 7%, driven by strong performance across geographies, while precision marketing increased by 6% [28] - Public relations declined by 5% due to client delays, and branding and retail commerce fell by 10% due to uncertain market conditions [29][32] - Healthcare revenues decreased by 3%, with expectations for improved growth in the second half of the year [31] Market Data and Key Metrics Changes - The U.S. market experienced organic growth of 5%, while Latin America grew by 15% [32] - Europe showed mixed growth, and Asia Pacific posted growth offset by declines in the U.K. and the Middle East [32] Company Strategy and Development Direction - The company is focused on closing the proposed acquisition of Interpublic, with progress on regulatory approvals and integration planning [17][19] - Emphasis on leveraging AI technology through the OmniAI platform to enhance operational efficiency and client outcomes [12][20] - The company aims to achieve $750 million in run rate cost synergies post-acquisition [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business strategy despite economic volatility, adjusting full-year 2025 organic growth guidance to between 2.5% and 4.5% [11] - The company is actively managing costs in line with revenue trends and remains optimistic about new business opportunities [61][65] Other Important Information - The company maintains a strong cash flow and balance sheet, with plans for share repurchases and dividends [8][42] - The book value of outstanding debt was $6.1 billion, with no maturities in 2025 [46] Q&A Session Summary Question: Why was the bottom end of the 2025 guidance lowered to 2.5%? - Management indicated it was a conservative adjustment based on market uncertainty, not due to specific client actions [51][55] Question: Can you elaborate on delays in government spending affecting public relations? - Delays were noted in the U.S. related to FDA projects, with expectations for a difficult comparison in Q3 and Q4 due to prior election-related spending [60][63] Question: What is the outlook for the healthcare sector? - The decline in Q1 was attributed to the loss of specific accounts, but the healthcare segment is expected to remain strong moving forward [92] Question: How is the company managing third-party service costs? - The growth in third-party service costs is aligned with client demand and is expected to continue, reflecting industry trends [112] Question: What is the tone of business in the auto and consumer packaged goods sectors? - There is uncertainty regarding spending levels, but no significant negative reports have been received from clients in these sectors [131][135]

Core Insights - The Ad Council and Alzheimer's Association launched new PSAs to raise awareness of early signs of Alzheimer's, particularly targeting Black Americans who are at a higher risk of developing the disease [1][2] - The campaign aims to encourage families to discuss potential signs of Alzheimer's earlier, as early detection is crucial for effective care and management [2][5] Campaign Details - The PSAs are part of the "Some Things Come with Age" campaign and focus on educating pre-care partners about the differences between normal aging and early signs of Alzheimer's [1][4] - Recent data indicates that 19% of Black Americans aged 65 and older are diagnosed with Alzheimer's, compared to 10% of white Americans, highlighting the need for targeted outreach [2][5] - The campaign includes resources available at 10signs.org, which provides information on early warning signs and tips for initiating conversations about cognitive health [7] Creative Approach - The creative content emphasizes familial love and the importance of recognizing subtle cognitive changes that may indicate Alzheimer's, such as difficulty completing familiar tasks [4][6] - A three-minute long-form video is included to further illustrate the relational bonds and the role of pre-care partners in recognizing early signs [4] Media and Outreach - The PSAs will be distributed nationally through donated media, with support from various platforms including LatiNation, Meta, and SiriusXM Media [6] - Research from the Ad Council shows that individuals aware of the campaign are three times more likely to understand the difference between aging signs and Alzheimer's signs [5] Background Information - The Alzheimer's Association is dedicated to Alzheimer's care, support, and research, aiming to accelerate global research and improve early detection and quality care [8] - The Ad Council has a long history of creating impactful social campaigns and collaborates with various organizations to address pressing health issues [9]