Dentsu profit takes a hit as revenue dips and costs blow up in Q2

Japanese advertising holding company Dentsu has introduced cost management measures for the 2023 calendar year, as its quarterly profit took a hit from waning revenue and rising costs.

According to the company’s latest earnings for the second quarter ended 30 June, its net revenue was ¥258.8 billion (A$2.74 billion), a decline from ¥259.2 billion (A$2.75 billion) in the previous corresponding period.