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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.”
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
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."
