WPP profits fall again, but fall appears to be slowing

Tim Burrowes

August 11, 2019 6:41

The world’s biggest communications holding company WPP has revealed that its revenues and profits have continued to fall, but the rate of decline has slowed down.

The company, which has been attempting to simplify its structure in the months since the departure of founder Sir Martin Sorrell, said that its like-for-like revenues were down by 1.4% in the last quarter, while headline profits were down by nearly 8% for the half.

It said the company had made a profit of £875m ($1.5bn) on revenues of £7.6bn ($13.5bn).

WPP’s agencies include Ogilvy, VMLY&R, Wunderman Thompson, Mediacom, Wavemaker and Mindshare.

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Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.