 Kevin Akeroyd |
Cision posted an 87 percent decline to $6M in Q3 losses from a year ago on an 11 percent boost in revenues to $117.2M.
CEO Kevin Akeroyd reports average pro-forma subscription customers moved ahead by 2.8 percent to 41,700, while revenue per subscriber inched up 1.2 percent to $11,200.
The number of customers buying services from Cision on a transactional basis fell 6.6 percent to 38,200. They spent $1,400 per quarter, which was up 5.4 percent.
Akeroyd called the performance "another solid quarter of financial results" as Cision continues its focus on focus on "delivering best-in-class products and services to our customers, executing our strategic and operational plans, and driving toward our long-term financial goals."
He highlighted Cision's 2.1 percent growth in organic revenues.
Cision for the nine-month period lost $12.9M (-85.4 percent from a year ago) and had $544M in revenues (up 17.7 percent).
Cash/cash equivalents are $84.2M vs. $148.6M in 2017.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
Interpublic reported Q2 net revenues dropped 6.6 percent to $2.2B and operating income tumbled 23.4 percent to $243.7M. 
WPP has adopted a gloomier profit and sales forecast due to a deteriorating Q2 financial performance triggered by weak client spending as companies cope with the challenging economic backdrop.
