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WPP broke into the growth column during Q3 as like-for-like revenues inched ahead 0.7 percent as CEO Mark Read works to achieve "sustainable growth" comparable to Interpublic and Omnicom by 2021.
Year-to-date revenues slipped 1.1 percent.
“Our growth in Q3 is encouraging but we are focused on delivering these longer-term goals and know there will be twists and turns along the way," he said in a statement.
Read cited pick-ups of Mondelez and eBay as major wins during the quarter and expressed gratitude that Centrica and the US Marine Corps stuck with WPP because they "value the depth of our understanding and the longevity of the relationship."
The Finsbury, Hill+Knowlton Strategies and BCW-led PR group registered a 0.9 dip in Q3 revenues to $288M and a 1.3 percent slippage to $667M for the nine-month period.
North America showed an overall 3.2 percent drop in revenues to $1.2M during the quarter, while western continental Europe posted a 1.8 percent gain to $663M and UK advanced 2.1 percent to $427M.
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.
