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| John Wren |
The FleishmanHillard, Ketchum, Porter Novelli, Mercury and Marina Maher Communications collection of PR firms at Omnicom reported a 0.2 percent decline in Q3 revenues to $392.4M and a 5.5 percent fall, organically.
For the nine-month period, PR posted 1.1 percent growth to $1.2M and was flat on an organic basis.
CEO John Wren highlighted the acquisitions of Plus Communications and FP1 Strategies as the major PR achievements during the quarter.
The DC-based firms expand OMC expertise in PA and crisis management, especially in the technology and healthcare sectors.
Omnicom posted a 3.9 percent rise to overall revenues to $3.6B. It was up 3.3 percent on an organic basis.
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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