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| Mark Read |
WPP reported Q4 revenues inched ahead 0.3 percent to $4.1B as CEO Mark Read wrapped up a year that he said was more challenging than expected due to cutbacks, mainly by technology clients.
The tech and digital services sector, which accounts for 17.5 percent of WPP revenues, tumbled 6.9 percent during 2023.
WPP’s PR group showed 2.4 percent growth in Q4 and a 1.4 percent rise for the full year. FGS Global grew strongly in 2023, while Hill & Knowlton posted “modest growth,” and BCW had a “weaker year.”
Read said WPP is poised to carry through on the “innovating to lead” strategy that it unveiled at its "Capital Markets Day" in January. Completion of the July merger of BCW and H&K to create Burson is part of that plan.
Read is “optimistic about the strategic opportunities ahead of us and confident that we can deliver accelerated and increasingly profit growth over the medium term.”
For 2024, WPP is projecting 0-1 percent growth.
Publicis Groupe reports an 8.8 percent rise in 2025 net revenues to $16.4B with
Public Policy Holding Company today priced its initial public offering at $12.25 per share. The sale of 4,150,000 shares raised $50.8M in gross proceeds.
Public Policy Holding Company reports that 4Q '25 revenues surged 27.8 percent to $49.9M. Organic growth rose 5.4 percent.
WPP tops the Financial Times’ list of the biggest stock market losers for 2025. The share price of the owner of Burson and Ogilvy has plummeted 60 percent so far this year.
FTI Consulting handles media for Modivcare Inc., the Denver-based provider of non-emergency healthcare services. as a Texas federal bankruptcy court confirms its Chapter 11 restructuring plan.
