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Interpublic Announces Second Quarter and First Half 2021 Results IPG investors.interpublic.com/news-releases/news-release-details/interpublic-announces-second-quarter-and-first-half-2021-results July 21 , 2021 at 7:00 AM EDT New York , NY , July 21 , 2021 ( GLOBE NEWSWIRE ) -- Second quarter net revenue was $ 2.27 billion , an increase of 22.5 % from a year ago , with organic growth of 19.8 % • Net income was $ 263.3 million , with adjusted EBITA before restructuring charges of $ 405.8 million and margin of 17.9 % on net revenue • Second quarter diluted EPS was $ 0.66 as reported , and $ 0.70 as adjusted compared with $ 0.23 a year ago Company upgrades expectation for FY 2021 financial performance to organic growth of 9 % -10 % and adjusted EBITA margin of approximately 16.0 % , with continued progress on public health and sustained macro recovery Philippe Krakowsky , CEO of IPG : " Our performance this quarter is highlighted by very strong revenue growth across agencies , disciplines and world regions , and by outstanding margin performance . These results represent a remarkable rebound from the impact of the pandemic on our business , demonstrating the resilience of our people , as well as their commitment to each other , our clients , and our craft . " " Our results this quarter compare favorably not only to the same period last year which while the steepest decrease of the recession was well ahead of our peer group but also Q2 of 2019 , which underscores the continued evolution and vitality of our offerings . Strategic decisions we have taken over a number of years to combine our world - class creative storytelling capabilities with our ability to deliver addressable and accountable data - powered marketing programs position us well for the future . Ultimately , our growth speaks to our role as a high value partner that helps marketers to drive sustained business results . ' " As we emerge from the pandemic , we continue to focus on the health and well - being of our people . This includes a focus on equity and inclusion , as well as a long - term commitment across the ESG spectrum , including climate change , responsible data stewardship , digital media and brand safety practices . " " In light of our very strong second quarter , we believe it's appropriate at the mid - point of this unprecedented year to upgrade our expectations for full year performance . While doing so , we also recognize that the COVID pandemic continues to pose a risk to the macro environment in many parts of the world . Predicated on continued progress on public health issues , we believe we can deliver organic growth for the full year of 9 % -10 % , and , with that level of growth , we would expect to achieve 2021 adjusted EBITA margin of approximately 16.0 % . As such , we see this as another year of strong value creation for all of our stakeholders . " Summary - Revenue • Second quarter 2021 net revenue of $ 2.27 billion increased by 22.5 % compared to $ 1.85 billion in the second quarter of 2020. During the quarter , our organic net revenue increase was 19.8 % , which was comprised of an organic net revenue increase of 17.4 % in the U.S. and an increase of 24.4 % internationally . Second quarter 2021 total revenue , which includes billable expenses , of $ 2.51 billion increased by 23.9 % compared to $ 2.03 billion in 2020 . • First half 2021 net revenue of $ 4.30 billion increased by 12.3 % compared to $ 3.83 billion in the first half of 2020 . During the quarter , our organic net revenue increase was 10.6 % , which was comprised of an organic net revenue increase of 8.3 % in the U.S. and an increase of 15.2 % internationally . First half 2021 total revenue , which includes billable expenses , of $ 4.77 billion increased by 8.7 % compared to $ 4.39 billion in 2020 . Operating Results ● Operating income in the second quarter of 2021 increased to $ 384.4 million , compared to $ 40.5 million in 2020 . Adjusted EBITA before restructuring charges increased to $ 405.8 million in the second quarter of 2021 , compared to adjusted EBITA before restructuring charges of $ 174.9 million for the same period in 2020. Adjusted EBITA before restructuring charges margin on net revenue increased to 17.9 % , compared to 9.4 % in 2020 . 1/14