Interpublic Group Posts Strong Q4 Results but Cautious About 2023 Growth; Shares Fairly Valued
Interpublic Group is one of the global Big Five advertising holding companies along with Dentsu, Omnicom, Publicis, and WPP. The firm has maintained its market position following the COVID-19 pandemic as it continues to make acquisitions and increases its focus on faster-growing emerging markets and the overall digital ad market. The firm has demonstrated consistent operating margin expansion through cost controls during the past five years, which we expect to continue through the next few years.