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| John Wren |
Omnicom CEO John Wren reported today a 5.3 percent drop to $337.2M in Q3 PR revenues, and a 3.8 percent dip organically.
The Mercury, Ketchum, Porter Novelli, FleishmanHillard and Marina Maher Communications-led group posted a 4.2 percent decline $1B in nine-month revenues and a 1.9 slide on an organic basis.
OMC suffered a 2.4 percent drop in overall revenues to $3.6B, a slippage that Wren attributes in part to the negative impact of foreign currency translation and a decrease in acquisition revenue, net of disposition revenues.
Net income was off 2.9 percent during the quarter to $290.2M.
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
