 John Wren |
Omnicom CEO John Wren reported today that second-quarter revenues rose 1.8 percent to $3.9B, while operating profit advanced 1.9 percent, to $582.3.
Organic Q2 growth for the PR group, which includes FleishmanHillard, Brodeur Partners, Cone, Ketchum, Mercury, Portland, Kreab and Porter Novelli, advanced 2.7 percent from last year's period.
OMC enjoyed robust Q2 organic growth in Europe (+11.2 percent), Asia-Pacific (+8.5 percent) and Latin America (+2.5 percent).
It stumbled in North America (-0.9 percent), UK (-2.2 percent) and the Middle East/Africa (-8.0 percent).
Wren told analysts that weakness in the North American market would subside "partially" for the rest of the year.
He said OMC was hurt by cuts in client spending and the reduction of revenues from accounts lost during earlier quarters.
For the six-month period, OMC's revenues inched ahead 1.5 percent to $7.5B, and operating profit rose 1.7 percent to $1B.
WPP CEO Cindy Rose has retained Goldman Sachs to explore strategic options regarding its Burson PR flagship, according to a report in the London Times.
Mike Sitrick has bought his firm Sitrick And Company back from RGP, the Dallas-based management consulting firm. He sold the strategic communications powerhouse for $43.4M in Oct. 2009.
Omnicom CEO John Wren enjoyed a 222 percent jump in 2025 compensation to $69.9M as the firm completed the acquisition of Interpublic.
Public Policy Holding Company recorded 24.7 percent growth in 2025 revenues to $186.5M and a 32.1 percent surge in adjusted net income to $36.6M.
S&P Global has reaffirmed its negative “BBB” rating on WPP due to ongoing challenges that it will face during the next 12 months.
