 John Wren |
Omnicom's PR group posted a 3.3 percent rise in first-quarter revenues to $346M, accounting for 9.6 percent of the ad/PR conglom's $3.6B revenues.
The PR spurt compares to a drop at OMC's mainstay advertising segment (BBDO, TBWA, DDB), which dipped 1.4 percent to $1.9B.
PR organic growth of 0.7 percent, however, trailed advertising's 1.6 percent advance.
Ketchum, FleishmanHillard, Porter Novelli, Cone Communications and Portland pace the PR operation.
OMC chief John Wren reported that net income rose a solid 9.2 percent to $264.1 percent on 1.2 percent revenue growth. Organic growth was up 2.4 percent.
WPP reported a 5.5 percent decline in Q1 PR revenues to $292M as its BCW and Hill & Knowlton units suffered the loss of Pfizer assignments, and cutbacks in client spending due to the economic uncertainty.
Interpublic CEO Philippe Krakowsky said the firm is off to a “solid start to the year” as its flat $2.2B net revenues are in line with 2024 financial targets.
Why financial planning always plays a crucial role in every PR firm’s success.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
Public Policy Holding Company registered 24.1 percent growth to a record $135M during the past year, which included the results of the March 1 acquisition of Multistate Assocs.
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