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Interpublic reports higher revenue as U.S. ad spending grows
April 22, 2014 / 11:11 AM / 4 years ago

Interpublic reports higher revenue as U.S. ad spending grows

April 22 (Reuters) - Advertising company Interpublic Group of Cos reported a 6 percent rise in quarterly revenue and a smaller loss, helped by higher spending in the United States.

Interpublic, whose agencies include McCann Erickson and Draftfcb, said revenue rose to $1.64 billion in the first quarter from $1.54 billion a year earlier.

U.S. revenue rose about 5 percent in the quarter ended March 31.

The net loss attributable to the company narrowed to $20.9 million, or 5 cents per share, from $56.3 million, or 14 cents per share, a year earlier. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Sriraj Kalluvila)

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