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| John Wren |
Omnicom Group’s Q3 revenues grew 7.1 percent to $3.4B due to the moderation of the impact of the COVID-19 pandemic on its communications offerings. Net income surged 13.5 percent to $355.6M.
CEO John Wren highlighted OMC’s robust 11.5 percent advance in organic revenues sparked by “a notable jump in CRM Precision Marketing from our digital transformation work.”
He said OMC’s creativity, operating systems and technologies such as OMNI is a mix that delivered results during the quarter and “will drive our ability to meet our clients' growing demands in an increasingly complex marketing landscape."
The Porter Novelli, Ketchum, Marina Maher Communications and FleishmanHillard PR group registered 10.4 percent Q3 growth to $359.4M and 10.5 percent on an organic basis.
A 6.8 percent growth spurt powered the PR group to more than $1B revenues for the nine-month period.
Overall, OMC’s US region, which generates 49.6 percent of revenues, slipped 3.3 percent to $1.7B despite a 7.7 percent advance in organic growth.
Wren warned that global economic conditions may continue to be volatile as long as COVID-19 remains a public health threat.
“We expect global economic performance and the performance of our businesses to vary by geography and discipline until the impact of the COVID-19 pandemic on the global economy subsides,” said Wren.
WPP shares have been dropped from the London Stock Exchange’s prestigious FTSE 100 index as its stock market price has plunged by two-thirds this year.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
Interpublic reported Q2 net revenues dropped 6.6 percent to $2.2B and operating income tumbled 23.4 percent to $243.7M. 
