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PR News & Commentary

Last Updated: Fri., Mar. 1, 2024 @ 5:35 pm

Category: Financial ManagementReturn to Latest News

Stagwell Q4 Revenues Dip 5.6%

Tue, Feb. 27, 2024

By Kevin McCauley

Mark PennStagwell CEO Mark Penn reported Q4 net revenues dipped 5.6 percent to $551.1M during a “challenging year for marketing services and digital transformation.”

WPP Reports Flat Q4 Revenues

Thu, Feb. 22, 2024

By Kevin McCauley

Mark ReadWPP reported Q4 revenues inched ahead 0.3 percent to $4.1B as CEO Mark Read wrapped up a year that he said was more challenging than expected due to cutbacks, mainly by technology clients.

Edelman's '23 Revenues Fall 3.7%

Thu, Feb. 22, 2024

By Kevin McCauley

EdelmanEdelman reports 2023 revenues declined 3.7 percent to $1.04B as its flagship US region was off 9.1 percent to $639M.

Interpublic Posts 1.3% Q4 Growth

Thu, Feb. 8, 2024

By Kevin McCauley

Philippe KrakowskyInterpublic CEO Philippe Krakowsky reported Q4 total revenues rose 1.3 percent to $3B, while operating income soared 36.5 percent to $606.8M.

LLYC Posts 14% Growth in '23

Fri, Jan. 26, 2024

By Kevin McCauley

Alejandro RomeroMadrid’s LLYC posted 14 percent growth to $90M and a 15 percent rise in EBITDA to $20M. Organic growth advanced eight percent.

Tax Planning Insights for 2024

Tue, Dec. 19, 2023

By Dominic Rovano

Dominic RovanoAn overview of recent tax-law changes, tax planning insights and tax reminders to help position your business for financial success in the coming year.

Vivendi Mulls Spinning off Havas

Thu, Dec. 14, 2023

By Kevin McCauley

ViviendiVivendi is considering splitting itself into three separate units to boost the share price on the Paris Euronext market.

Stagwell Posts 7% Q3 Revenue Drop

Thu, Nov. 2, 2023

By Kevin McCauley

Mark PennStagwell’s Mark Penn reports Q3 revenue fell 7 percent to $617.6M and net income declined to $653K from $10.6M a year ago.

WPP’s BCW, H+K Post Q3 Revenue Slides

Thu, Oct. 26, 2023

By Kevin McCauley

Mark ReadWPP’s BCW, H+K Strategies posted declines in Q3 revenues, while FGS Global "continued to do well" in tough US market.

Navigating Current Market Trends in 2023

Tue, Oct. 24, 2023

By Dominic Rovano

Dominic RovanoThe demand for public relations services is rising, but due to economic factors, so too are the costs of operating a PR firm. Paying attention to several current market trends may help alleviate some of the pressure being placed on PR firms’ margins.

Interpublic Posts Flat Q3 Revenues

Fri, Oct. 20, 2023

By Kevin McCauley

Philippe KrakowskyInterpublic reported flat Q3 net revenues (+0.6 percent) of $2.3B as its financial performance did not live up to expectations, said CEO Philippe Krakowsky.

PR Slips at Omnicom

Fri, Oct. 20, 2023

By Kevin McCauley

John WrenThe FleishmanHillard, Ketchum, Porter Novelli, Mercury and Marina Maher Communications collection of PR firms at Omnicom reported a 5.5 percent fall in Q3 organic revenues.

AI: A Powerful Tool for PR and Marketing Agencies

Fri, Sep. 22, 2023

By Dominic Rovano

Dominic RovanoHow public relations and marketing agencies are integrating AI into their business to improve efficiencies and deliver more creative results in a rapidly evolving digital landscape.

PPHC Records 27% 1H Growth

Wed, Sep. 13, 2023

By Kevin McCauley

PPHCPublic Policy Group Holdings chalked up 27 percent growth to $65.7M during the first half as CEO Stewart Hall used an aggressive M&A strategy to supplement organic growth, which rose 4 percent during the period.

Stagwell 2Q Revenues Slip 6%

Tue, Aug. 8, 2023

By Kevin McCauley

Mark PennStagwell’s 2Q revenues slipped 6 percent to $632.3M and fell 5.3 percent on an organic basis.

Tech Slump Hits WPP

Fri, Aug. 4, 2023

By Kevin McCauley

Mark ReadWPP CEO Mark Read slashed the firm's 2023 growth forecast from the 3 percent to 5 percent range down to 1.5 percent to 3 percent as the US technology slump took its toll on 1H revenues.

LLYC Posts 12% 1H Growth

Thu, Jul. 27, 2023

By Kevin McCauley

Alejandro RomeroLLYC reported first-half revenues grew 12 percent to $54M, while EBITDA advanced 9 percent to $9.7M. Organic growth rose 8 percent.