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| John Wren |
Omnicom CEO John Wren reported today that Q2 PR revenues slipped 3.7 percent to $349.3M and 3.6 percent to $683.4M for the first-half.
The FleishmanHillard, Ketchum, Portland, CLS Strategies, Cone, Mercury, Marina Maher Communications and Porter Novelli group dipped 1.3 percent and 0.9 percent, respectively, on an organic basis.
Wren blames negative effects of foreign exchange rates and more divestiture than acquisition activity for the 3.6 percent slippage in Q2 revenue to $3.7B.
Net income moved ahead 1.8 percent to $370.7M during the quarter.
Geographically, Omnicom 2Q revenues dropped 13.4 percent to $674.9M in Continental Europe and 0.7 percent to $361M in the UK.
US revenues were up 0.7 percent to $2B.
S&P Global has reaffirmed its negative “BBB” rating on WPP due to ongoing challenges that it will face during the next 12 months.
Stagwell’s Q4 revenues grew two percent to $807M while adjusted EBITDA rose three percent to $129M.
WPP CEO Cindy Rose unveiled “Elevate 28,” a strategic plan to simplify the troubled company, which reported a 5.4 percent drop in 2025 revenues to $13.6B.
Omnicom CEO John Wren reported a Q4 $977.2M operating loss, largely due to the $1.1B in severance and repositioning expenses connected to the $13B Interpublic takeover that closed on Nov. 26.
Publicis Groupe reports an 8.8 percent rise in 2025 net revenues to $16.4B with
