埃培智 2025年季度报告

orTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was Emerging Growth CompanyIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐Noý PART I.FINANCIAL INFORMATIONFinancial Statements (Unaudited) Notes to Consolidated Financial StatementsManagement’s Discussion and Analysis of Financial Condition and Results of OperationsQuantitative and Qualitative Disclosures about Market Risk Controls and Procedures PART II.OTHER INFORMATIONLegal Proceedings Defaults Upon Senior SecuritiesMine Safety Disclosures “expect,” “believe,” “anticipate,” “estimate,” “project,” “forecast,” “plan,” “intend,” “could,” “would,” “should,” “will likely result” orcomparableterminology are intended to identify forward-looking statements.Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our actual results and outcomes to differmaterially from those reflected in the forward-looking statements.On December 8, 2024, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Omnicom Group Inc.(“Omnicom”), pursuant to which a merger subsidiary of Omnicom will merge with and into IPG, with IPG surviving the merger as a directwholly owned subsidiary of Omnicom. The forward-looking statements in this report, other than the statements regarding the proposed •risks relating to the pending merger transaction with Omnicom, including: the occurrence of any event, change, or othercircumstances that could delay or prevent closing of the proposed transactions with Omnicom, or give rise to the termination ofthe Merger Agreement;unanticipated costs or restrictions resulting from regulatory review of the merger transactions; restrictions manage the combined companies’ expanded operations; and any merger-related loss of clients, service providers, vendors, or other business counterparties;•the effects of a challenging economy on the demand for our advertising and marketing services, on our clients’ financial conditionand on our business or financial condition;•our ability to attract new clients and retain existing clients, including as a result of the announced merger transaction withOmnicom; and fluctuations in interest rates, inflation rates and currency exchange rates;•the economic or business impact of military or political conflict in key markets, or any significant market disruptions as a result of factors like public health crises;•developments from changes in the regulatory and legal environment for advertising and marketing services companies around the world, including laws and regulations related to data protection and consumer privacy;•the impact on our business as a result of general or directed cybersecurity events; and •risks associated with assumptions we make in connection with our critical accounting estimates, including changes in assumptionsassociated with any effects of a challenging economy, and potential adverse effects if we are required to recognize impairment charges or other adverse accounting-related developments. cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake noobligation to update or revise publicly any of them in light of new information, future events, or otherwise. 2 Disaggregation of RevenueWe havethreereportable segments as of June30, 2025: MD&E, IA&C and SC&E, as further discussed in Note 12. MD&E principally generates revenue from providing global media and communications services, digital services and products, advertising and marketingtechnology, e‐commerce services, data management and analytics, strategic consulting, and digital brand experience. IA&C principallygenerates revenue from providing advertising, corporate and brand identity services, and strategic consulting. SC&E generates revenue strategic consulting.Our agencies are located in over100countries, including every significant world market.Our geographic revenue breakdown is listed June 30,Total revenue:2025 International:United Kingdom213.2 Continental Europe242.3229.5Asia Pacific173.0202.6 Latin America93.5110.2172.6169.7174.4314.7Total International891.7954.21,640.4Total Consolidated$2,536.8$2,710.0$4,859.4$ Revenue before billable expenses: 2025202420252024United States$1,426.3$1,525.5$2,784.5$International:United Kingdom178.0193.7337.4 Contin