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| Mark Read |
WPP reported a 3.8 percent jump to $3.5B in adjusted like-for-like revenues as clients bolstered investments in marketing, ecommerce and digital transformation.
The PR/PA group, which includes Hill+Knowlton Strategies, BCW, Ogilvy and FGS Global, posted 5.8 percent growth to $343M.
"It’s been another strong quarter for our public relations business, CEO Mark Reed told O'Dwyer's. "Each of BCW, FGS Global and Hill and Knowlton have seen strong demand from their clients for their expertise. It’s not a surprise given the talented people inside each firm, but reassuring nonetheless and a sign of the importance of managing reputation."
WPP bolstered the PR operation during the quarter via the acquisition of the JeffreyGroup, which has 330 people and a strong Latin American network.
Read said WPP chalked up $1.7B in net new business during the quarter, including assignments from SC Johnson, Nestle and Samsung.
He credits the new business success to strong creative work, strength in media and the ability to deliver integrated solutions to clients.
Read upped full-year guidance to 6.5-7.0 percent from 6.0-7.0 percent.
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.
