MDC Partners reported a $13.3M third-quarter net loss, an improvement from last year’s $17.5M red ink flow. Revenues rose 13.6 percent to the $267.8M mark.
CEO Miles Nadal is pleased with the financial performance, seeing the growth in margins as “proof that our plan to broaden our service offering and to build new platforms that represent the future of the industry is working.”
Consumer products generated 32 percent of MDC revenues, followed by retail at 17 percent and communications at 12 percent.
MDC reported a 6.7 percent jump in organic growth and chalked up $23.4M in new business wins during the quarter.
Its PR units are Allison+Partners, Kwittken & Co. and Sloane &Co.