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| John Wren |
Omnicom CEO John Wren reports 2Q revenues inched ahead by 1.2 percent to $3.6B. Operating income rose 1.7 percent to $550.7M.
He highlighted OMG’s 3.4 percent jump in 2Q organic growth and 4.3 percent advance for the 1H.
That performance “places us comfortably within our expected range and driving strong growth in earnings per share,” he said.
Though the economic outlook for the remainder of the year remains uncertain, Wren said the holding company is entering a dynamic and exciting new era.
He noted that OMC has “secured leading positions in generative AI technology and partnerships to deliver on our promise to achieve the best outcomes for our clients.”
On the PR front, Marina Maher Communications, Portland, Mercury, Ketchum and Porter Novelli posted flat 2Q revenues of $393.6M, on both a reported and organic basis.
For the 1H, PR revenues rose 1.7 percent to 769.1M and 2.9 percent organically.
Stagwell registered an eight percent rise in Q1 revenues to $670M and a $1.3M net loss compared to a $1.4M profit last year.
WPP reported a 5.5 percent decline in Q1 PR revenues to $292M as its BCW and Hill & Knowlton units suffered the loss of Pfizer assignments, and cutbacks in client spending due to the economic uncertainty.
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.
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