Omnicom Posts Flat Q4 Revenues
Tue, Feb. 7, 2023
By Kevin McCauley
Omnicom reported flat Q4 revenues of $3.9B though CEO John Wren highlights a 7.2 percent rise in organic growth, which he says “was stronger than expected.”
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Omnicom reported flat Q4 revenues of $3.9B though CEO John Wren highlights a 7.2 percent rise in organic growth, which he says “was stronger than expected.”
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John Rogers, CFO at WPP, is exiting the company after nearly three years, to pursue broader management duties elsewhere. Joanne Wilson, CFO at Britvic soft drinks company, will take over in mid-2023.
Stagwell reported Q3 net revenues grew 11.6 percent to $555.8M and 11.3 percent on an organic basis.
WPP reported a 3.8 percent jump to $3.5B in adjusted like-for-like revenues as clients bolstered investments in marketing, ecommerce and digital transformation. Updated
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Omnicom reported flat Q3 revenues of $3.4B and a 2.5 percent boost in net income to $364.4M as the ad/PR combine wrestled with the challenging global economic environment.
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Stagwell CEO Mark Penn reported a 16 percent spurt in Q2 organic net growth as revenues advanced 221 percent to $672.9M.
FTI Consulting’s strategic communications group reported six percent growth in Q2 revenues to $71.9M as it enjoyed solid gains in its core businesses and the North American region.
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Interpublic’s Q2 net revenues grew 4.7 percent to $2.4B as CEO Philippe Krakowsky reported broad-based gains across all world regions, sectors and operating units.
Omnicom reported flat second quarter revenues of $3.6B and net income of $348M, respectively.
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Ruder Finn has acquired Comunicad LLC, an Arlington, VA-based multicultural shop that has served clients such as Ford, Verizon, Telemundo, American Airlines, Freddie Mac, PepsiCo, AARP and Molson Coors.
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