| Category: Financial Management | Return to Latest News |
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. Operating income fell 2.2 percent to $184.2M.
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.
Stagwell CEO Mark Penn reported Q4 net revenues dipped 5.6 percent to $551.1M during a “challenging year for marketing services and digital transformation.”
Why M&A activity in the PR and marketing sector could pick up in 2024.
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.
Edelman reports 2023 revenues declined 3.7 percent to $1.04B as its flagship US region was off 9.1 percent to $639M.
Interpublic CEO Philippe Krakowsky reported Q4 total revenues rose 1.3 percent to $3B, while operating income soared 36.5 percent to $606.8M.
Madrid’s LLYC posted 14 percent growth to $90M and a 15 percent rise in EBITDA to $20M. Organic growth advanced eight percent.
An overview of recent tax-law changes, tax planning insights and tax reminders to help position your business for financial success in the coming year.
Vivendi is considering splitting itself into three separate units to boost the share price on the Paris Euronext market.
Stagwell’s Mark Penn reports Q3 revenue fell 7 percent to $617.6M and net income declined to $653K from $10.6M a year ago.
WPP’s BCW, H+K Strategies posted declines in Q3 revenues, while FGS Global "continued to do well" in tough US market.
The demand for public relations services is rising, but due to economic factors, so too are the costs of operating a PR firm. Paying attention to several current market trends may help alleviate some of the pressure being placed on PR firms’ margins.
Interpublic reported flat Q3 net revenues (+0.6 percent) of $2.3B as its financial performance did not live up to expectations, said CEO Philippe Krakowsky.
The FleishmanHillard, Ketchum, Porter Novelli, Mercury and Marina Maher Communications collection of PR firms at Omnicom reported a 5.5 percent fall in Q3 organic revenues.
| More » |
