Omnicom revenues fall again

Hard times are far from over for holding group Omnicom, quarterly figures demonstrated overnight.  

The company’s brands include DDB, TBWA, PHD, OMD, BBDO (allied with Clemenger in Australia) , Fleishmann Hillard, Porter Novelli and Ketchum.

The last quarter saw worldwide revenues decline by 17% compared to the same quarter a year before. It fell from US$3.5bn to $2.9bn.

Operating profits for the quarter declined from just over $500m to just under $400m.

Tim Burrowes

Tim Burrowes founded Mumbrella in 2008. He worked on Mumbrella until 2021. At various points he was editor, content director and editor-at-large.

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topics Advertising BBDO business DDB financial Marketing Media OMD Omnicom PHD Porter Novelli TBWA

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