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| John Wren |
Omnicom reported flat Q4 revenues of $3.9B, though CEO John Wren highlights a 7.2 percent rise in organic growth, which he says “was stronger than expected.”
The upbeat organic results were “led by resilient performance across global geographies.”
Wren said Omnicom entered 2023 “in a very strong position” but the company is “closely tracking the macroeconomic outlook and is fully prepared to respond appropriately.”
Omnicom’s PR group (Ketchum, FleishmanHillard, Porter Novelli, Mercury, Marina Maher Communications) posted an 8.8 rise in revenues to $401.5M during the quarter. It was up 12.7 percent on an organic basis.
For the full-year, PR was up 11.1 percent to $1.5B on a reported basis and 13.7 percent organically.
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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.”
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