WPP revenues rise 10% in third quarter; GroupM, Hogarth Ogilvy and AKQA saw strong growth

Andrew Banks

October 27, 2022 8:51

WPP – parent company of the Ogilvy, Grey and GroupM agencies – said its clients are investing in their brands despite economic uncertainty, as it released its Q3 earnings overnight (AEDT).

While wage inflation and lockdowns in China tempered profits growth in the third quarter, revenues had increased 10.3% in Q3 to £3.57 billion (AU$6.39 billion), or 2.7% on a like-for-like basis, after winning $1.7 billion (AU$3.04 billion) in net new business throughout the period. Year-to-date revenues were up 10.2% at £10.32 billion (AU$18.48 billion).

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Andrew Banks

Andrew is an editor and journalist with over 27 years' experience, working across publications including news.com.au, The Sunday Telegraph and The Australian newspaper.

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