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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.
WPP chief Cindy Rose is cutting up to 1,000 jobs by the end of the year, adding to the 11K jobs lost since the start of 2025, according to a report in the Financial Times.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
