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| Mark McCall |
FTI Consulting's strategic communications unit registered 1.2 percent growth to $58.4M during the first quarter. Profit (EBITDA) slipped 23.5 percent largely due to costs connected to a 14.7 percent rise in billable headcount to 755 people.
Mark McCall, global stratcom leader, called the financial performance solid, when compared to the record-setting results in the year-ago period and the seemingly overnight changes in the business environment beginning mid-quarter with the spread of the COVID-19 pandemic.
While M&A work declined, the stratcom group saw a pick-up in public affairs, issues/crisis work and counseling clients how to respond to disruptions in the supply chains and customer base.
McCall anticipates his group will benefit during the COVID-19 recovery period from opportunities in the bankruptcy, litigation, life sciences, healthcare and environmental/social/governance categories.
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
