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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.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
Omnicom CEO John Wren reports Q1 revenues from “core operations” rose 6.7 percent to $5.6B, driven in part by a 3.9 percent boost in organic growth.
