WPP Q1 revenues fall 1.4%; Guidance held
UK advertising agency WPP on Thursday said revenues fell 1.4% as it lost a healthcare client and spending by technology companies was cut back.
Source: sharecast.com
Stay updated with breaking news from Mark Read. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
UK advertising agency WPP on Thursday said revenues fell 1.4% as it lost a healthcare client and spending by technology companies was cut back.
Q1 performance in line with expectations. 2024 guidance reiterated. Strong progress on strategic initiatives across Burson, GroupM and VML ...
WPP reported a 5.5 percent decline in Q1 PR revenues.
WPP's quarterly revenue fell 1.4% to £3.4bn in the period, amid lower income from China and a slowdown in marketing spending among tech giants.
In contrast, Publicis, Omnicom and IPG all increased their revenues.