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Publicis Groupe, which will release its first-quarter financials on April 23, has decided not to issue guidance "due to the "uncertain, volatile and unprecedented economic situation."
Noting the COVID-19 pandemic has been the "source of great suffering," which "has forced a third of the global population to restrict its movements," CEO Arthur Sadoun said its "difficult to accurately predict the evolution of advertising and marketing spend."
He did say revenues at the end of February were in line with Publicis' 2020 roadmap.
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.
