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Omnicom today reported a 4.4 percent slide in first-quarter revenues to $3.5B, slippage that CEO John Wren blames on negative foreign currency rate comparisons and divestitures.
Net income was flat at $263.2M.
On a regional basis, OMC's US revenues decreased 0.2 percent to $1.9B. Europe was down 14.8 percent to $606.8M, UK fell 5.4 percent to $338.7M and Asia/Pacific tanked 6.6 percent to $366.2M.
The PR group, which includes FleishmanHillard, Porter Novelli, Ketchum, Portland, Cone and Marina Maher Communications, fell 3.5 percent to $334.2M and 0.5 percent organically.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
