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Publicis Groupe, which will release its first-quarter financials on April 23, has decided not to issue guidance "due to the "uncertain, volatile and unprecedented economic situation."
Noting the COVID-19 pandemic has been the "source of great suffering," which "has forced a third of the global population to restrict its movements," CEO Arthur Sadoun said its "difficult to accurately predict the evolution of advertising and marketing spend."
He did say revenues at the end of February were in line with Publicis' 2020 roadmap.
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.
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