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| John Wren |
Omnicom's PR division suffered a 3.2 percent drop in Q4 revenues to $358.3M. Organic growth declined 2.5 percent.
The Portland, Mercury, CLS Strategies, Marina Maher Communications, Porter Novelli, Ketchum and FleishmanHillard group took a 3.9 percent revenue hit to $1.4B for the full-year. Organic revenues slipped 2.0 percent.
OMC's PR doldrums contrasted with solid gains for the advertising segment (BBDO, DDB, TBWA).
Q4 revenues for the advertising group rose 3.8 percent to $2.4B and 5.1 percent organically. Full-year revenues jumped 2.1 percent to $8.4B for 2019 and 4.5 percent on an organic basis.
CEO John Wren saw overall quarterly revenues inch up 1.3 percent to $4.1B, while net income rose 4.0 percent to $415M.
He led OMC to a 2.2 percent revenue decline to $14.9B in 2019 and a 1.0 percent dip in net income to $1.3B.
Why financial planning always plays a crucial role in every PR firm’s success.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
Public Policy Holding Company registered 24.1 percent growth to a record $135M during the past year, which included the results of the March 1 acquisition of Multistate Assocs.
Stagwell CEO Mark Penn reported Q4 net revenues dipped 5.6 percent to $551.1M during a “challenging year for marketing services and digital transformation.”
Why M&A activity in the PR and marketing sector could pick up in 2024.
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