 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.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
Public Policy Holding Company registered 24.1 percent growth to a record $135M during the past year, which included the results of the March 1 acquisition of Multistate Assocs.
Stagwell CEO Mark Penn reported Q4 net revenues dipped 5.6 percent to $551.1M during a “challenging year for marketing services and digital transformation.”
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WPP 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.
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