 Martin Sorrell |
Martin Sorrell’s S4 Capital posted a 44.6 percent rise in Q3 revenues to $33.1M and a 31.7 percent jump in gross profit to $23.1M.
The performance marked the first trading update since Sorrell restructured the Derriston corporate shell and recast it as S4 with Holland’s MediaMonks as its core property.
“We already see both a widening and deepening of the company’s client base, resulting in a strong performance for all three pillars at MediaMonks,” said Sorrell in a statement, referring to MM’s creative content & innovation, assets at scale, and platforms and e-commerce units.
The WPP founder reported, “strong growth” in the US (New York and Los Angeles) and the addition of a San Francisco outpost to service technology clients.
S4 completed work for Mondelez, PVH/Tommy Hilfiger, Instagram, Coty and Compass during the quarter. It also did work for Google, Amazon Prime Video, Samsung and Grupo Modelo.
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.
