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| Mark Read |
WPP reported 2.9 percent growth in Q1 revenues to $3.5B, sparked by client spending in the data, communications and customer experience categories.
CEO Mark Read said WPP is off to “positive start to the year” as it continues to invest in growth areas such as influencer marketing and healthcare.
The PR group of Hill+Knowlton Strategies, FGS Global and BCW Global posted a 2.2 percent uptick in revenues to $365M.
"Our public relations and public affairs companies had a solid start to the year, with a particularly strong performance from FGS Global," Read told O'Dwyer's. "It’s evident that clients continue to see the value from our work, particularly as the geo-political environment becomes more complex."
The April announcement that KKR was making a strategic investment in FGS Global was a key highlight for the PR operation.
KKR is taking a 29 percent stake in FGS Global, putting the valuation of the financial communications shop at $1.4B. WPP retains a 51 percent of FGS Global.
Read said WPP is on track to deliver on its full-year guidance of three-to-five percent growth due to the competitiveness of its offer and role as a modern and trusted partner to clients.
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.
