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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.
Interpublic CEO Philippe Krakowsky said the firm is off to a “solid start to the year” as its flat $2.2B net revenues are in line with 2024 financial targets.
Why financial planning always plays a crucial role in every PR firm’s success.
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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