Hasta La Creative!

Interpublic Group of Cos. on Friday reported that its first-quarter net loss widened to $59.2 million, compared to $45.9 million one year ago.

The loss is in part attributable to operating expenses at the company — which is the parent of global networks McCann and DraftFCB, and domestic shops such as Deutsch, Mullen and the Martin Agency.

Revenue was up, however. Organic revenue increased 2.3% from the year-prior period. Nomura Securities called that “nicely ahead of expectations.” Total revenue grew 2.4% to $1.54 billion, thanks to growth in international regions. Latin America, which was up 8.8% the company said, and the U.K. was up 10.5%. Total international revenue rose 3.4% while U.S. revenue increased 1.7%. The U.S. reported 0.5% organic growth.

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