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Segment Information (Notes)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Disclosure Segment Information
IPG's agency brands are grouped into reportable segments based on the agencies' primary capabilities. As of March 31, 2025, we have three reportable segments: MD&E, IA&C, and SC&E. We also report results for the "Corporate and other" group.
MD&E primarily provides, and is distinguished by innovative capabilities and scale in, global media and communications services, digital services and products, advertising and marketing technology, e‐commerce services, data management and analytics, strategic consulting, and digital brand experience. MD&E is comprised of IPG Mediabrands, UM, Initiative, KINESSO, Acxiom and MRM.
IA&C primarily provides advertising, corporate and brand identity services, and strategic consulting. IA&C is distinguished by the leading role of complex integrations of ideation and the execution of advertising and creative campaigns across all communications channels that are foundational to client brand identities. IA&C is comprised of leading global networks and agencies that provide a broad range of services, including McCann Worldgroup, IPG Health, MullenLowe Group, Foote, Cone & Belding ("FCB"), and our domestic integrated agencies.
SC&E primarily provides best-in-class global public relations and other specialized communications services, events, sports and entertainment marketing, and strategic consulting. SC&E is comprised of agencies that provide a range of marketing services expertise, including Weber Shandwick, Golin, our sports, entertainment, and experiential agencies, and IPG DXTRA Health.
We continue to evaluate our financial reporting structure, and the profitability measure employed by our chief operating decision maker for allocating resources to operating divisions and assessing operating division performance is segment EBITA. Summarized financial information concerning our reportable segments is shown in the following table.
Three Months Ended March 31, 2025MD&EIA&CSC&E
Total
Total revenue$902.7 $861.5 $558.4 $2,322.6 
Revenue before billable expenses888.8 780.6 326.9 1,996.3 
Base salaries, benefits and tax500.0 534.2 214.6 
Incentive expense42.9 30.6 11.3 
Severance expense0.7 1.9 0.8 
Temporary help17.1 33.7 10.3 
Office and other direct expenses173.9 103.3 42.0 
Depreciation and amortization1
23.6 12.2 3.4 
Restructuring Charges2
53.3 55.9 21.7 
Other segment items3
15.6 91.2 235.8 
Segment EBITA$75.6 $(1.5)$18.5 $92.6 
Amortization of acquired intangibles19.2 0.9 0.3 
Capital expenditures13.0 3.4 0.5 
1 Excludes amortization of acquired intangibles.
2 Non-cash lease impairment costs were comprised of $19.1 at MD&E, $18.6 at IA&C and $9.4 at SC&E for the three months ended March 31, 2025.
3 Includes billable expenses and other salaries and related expenses.
Three Months Ended March 31, 2024MD&EIA&CSC&E
Total
Total revenue$973.3 $963.8 $558.8 $2,495.9 
Revenue before billable expenses961.3 881.4 340.2 2,182.9 
Base salaries, benefits and tax580.5 571.5 221.1 
Incentive expense29.1 18.9 9.6 
Severance expense22.2 20.3 4.7 
Temporary help24.2 37.2 11.1 
Office and other direct expenses180.2 101.1 40.8 
Depreciation and amortization1
26.5 12.4 3.5 
Restructuring Charges2
— 0.3 0.3 
Other segment items3
17.4 94.2 223.8 
Segment EBITA$93.2 $107.9 $43.9 $245.0 
Amortization of acquired intangibles19.2 1.0 0.5 
Capital expenditures21.5 2.4 0.8 
1 Excludes amortization of acquired intangibles.
2 Non-cash lease impairment costs were comprised of $0.3 at IA&C and $0.3 at SC&E for the three months ended March 31, 2024.
3 Includes billable expenses and other salaries and related expenses.
 March 31,
2025
December 31,
2024
Total assets:
MD&E$9,565.4 $10,248.1 
IA&C4,541.7 4,549.9 
SC&E1,641.4 1,758.9 
Corporate and Other1,377.0 1,768.9 
Total$17,125.5 $18,325.8 

The following table presents the reconciliation of segment EBITA to Income (Loss) before income taxes.
Three months ended
March 31,
20252024
MD&E EBITA$75.6 $93.2 
IA&C EBITA(1.5)107.9 
SC&E EBITA18.5 43.9 
Total segment EBITA92.6 245.0 
Corporate and Other1
(114.2)(40.1)
Less: consolidated amortization of acquired intangibles20.420.7
Operating income (loss)
(42.0)184.2 
Total (expenses) and other income(52.4)(23.6)
Income (Loss) before income taxes
$(94.4)$160.6 
1 Includes restructuring charges of $72.4 for the three months ended March 31, 2025, including non-cash lease impairment costs of $23.1.