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Edelman reports 2023 revenues declined 3.7 percent to $1.04B as its flagship US region was off 9.1 percent to $639M.
The EMEA sector rebounded during 2023, rising 7.1 percent to $229M.
Latin America showed solid growth (+29.7 percent to $35M) while the APAC region inched ahead by 1.7 percent to $103M.
Canada was off 2.3 percent to $32M.
Edelman's healthcare and technology practices stuggled during the past year. They were down 12 percent and eight percent, respectively.
On the plus side: public affairs was up 19.5 percent, business-to-business rose 19 percent, food & beverage jumped 15.6 percent, and crisis increaed 4.2 percent
Edelman released six Trust Barometer Reports in 2023 in the areas of healthcare equity, workplace trust, climate change, racial justice and consumer trust in brands.
The Edelman Trust Institute launched a monthly newsletter, "The Trust Report," that has more than 3,000 subscribers who receive information, context and applications for trust in business and society.
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.
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.
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