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| John Wren |
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.
The Marina Maher Communications, Portland, Mercury, Porter Novelli, Ketchum, and FleishmanHillard PR unit registered 3.9 percent growth to $390.3M.
It slipped 1.1 percent on an organic basis.
OMC’s operating income rose 38.2 percent to $478.9M, while net income increased 39.7 percent to $318.6M.
Wren is bullish on 2024 growth, a year that will feature advertising spending for the Paris Olympics and US presidential elections.
He said OMC’s “excellent new business performance and, when combined with the new opportunities we are pursuing, give us great confidence in the future.”
WPP chief Cindy Rose is cutting up to 1,000 jobs by the end of the year, adding to the 11K jobs lost since the start of 2025, according to a report in the Financial Times.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
