OMC's Q2 Net Inches Ahead on Revenue Drop

Thu., Jul. 20, 2017

By Kevin McCauley

Omnicom Group posted a one percent rise in Q2 net income to $328.6M on a 2.4 percent drop in revenues to $3.8B.

The PR group led by Ketchum, FleishmanHillard and Porter Novelli registered a two percent drop in revenues to $342.6M.

CEO John Wren reports that overall organic growth charted a 3.5 percent rise led by advertising (+4.2 percent), CRM (+3.7 percent) and special communications (+2.2 percent). PR failed to keep pace, declining 0.3 percent.

Omnicom’s North American revenues dropped 6.6 percent to $2.2B. Continental Europe rose 5.1 percent to $662M; the UK plummeted 3.7 percent to $350M.

Category: Financial Management

More Financial Management posts from O'Dwyer's:

•	IPG Posts Q1 $85.4M Loss Thu., Apr. 24, 2025 Interpublic suffered a $85.4M Q1 loss as net revenues declined 8.5 percent to $2B. It earned $110.4M in the year-ago period.

•	Omnicom Posts 1.6% Q1 Growth Wed., Apr. 16, 2025 Omnicom CEO John Wren reported a 1.6 percent growth in Q1 revenues to $3.7B and a 5.5 percent dip in operating profit to $462.7M.

•	Publicis Reports 9.4% Q1 Growth Tue., Apr. 15, 2025 Publicis Groupe posted 9.4 percent growth in Q1 net revenues to $4B as the French firm enjoyed a record new business run, according to CEO Arthur Sadoun. It was up 4.9 percent organically.

•	Trump Sets Stage for Trump Media Stock Sale Wed., Apr. 2, 2025 Donald Trump has set the stage for unloading his $2.3B stake in Trump Media & Technology Group, according to the company’s April 1 filing with the Securities and Exchange Commission.

•	PPHC Posts 11% Growth in '24 Wed., Mar. 12, 2025 Public Policy Holding Company registered 11 percent revenue growth to $149.6M in 2024 as the firm successfully navigated a challenging public affairs environment.