Ipsos (IPSOF) Q1 2025 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:01.415 -- 00:00:06.425 Good morning and welcome to our first quarter results for 2025 at 00:00:06.425 -- 00:00:12.538 Ipsos. And what can one say about the world in 2025? 00:00:12.538 -- 00:00:18.110 I think just before we look at those numbers from our company, it's worth reflecting 00:00:18.110 -- 00:00:23.220 on just what is going on, because part of what Ipsos' role is, is obviously 00:00:23.220 -- 00:00:28.432 to help our clients, business, government, the media, understand public opinion, 00:00:28.432 -- 00:00:32.100 citizen opinion and consumer opinion all over the world. 00:00:32.100 -- 00:00:37.151 You can see just by looking at the stock markets, the level of volatility that we're 00:00:37.151 -- 00:00:42.260 now seeing. There on this chart, indexed to start at a single point at the 00:00:42.260 -- 00:00:48.009 beginning of the year, you can see how the FTSE, CAC Caron and NASDAQ have diverged 00:00:48.009 -- 00:00:53.137 and also fluctuated dramatically in response to announcements 00:00:53.137 -- 00:00:58.525 from Washington about the tariffs. Even before those tariffs were announced, 00:00:58.525 -- 00:01:04.473 we could see that there were heightened levels of anxiety among consumers, both in Mexico, 00:01:04.473 -- 00:01:09.560 Canada, America, across Europe, the Middle East and Africa, and also in 00:01:09.560 -- 00:01:14.727 China, when the majority of people in virtually every country we have surveyed expressing 00:01:14.727 -- 00:01:19.854 anxiety about what might happen. It's interesting, of course, to see that in terms 00:01:19.854 -- 00:01:23.039 of personal impacts on the left side on this chart. 00:01:23.039 -- 00:01:28.148 The Mexicans and Canadians, and I'll come back to the Canadians in a second, are most 00:01:28.148 -- 00:01:...