Omnicom ends voluntary pay cuts as Q3 results improve
Publicis and WPP have already phased out pay cuts.
Quarterly Earnings
Publicis claims its model is working during COVID as Q3 decline eases to 5.6%
Agency group’s revenue were ahead of adspend forecasts.
WPP falls 15% in Q2 as creative holds up better than media during COVID-19
North America was down 10.2%.
M&C Saatchi expects ‘small’ H1 profit, confirms $9m government loan
M&C Saatchi expects to report a “small” underlying pre-tax profit in the first half of 2020 following a “resilient” second quarter.
Omnicom Q2 organic revenue plunges 23%
However, Omnicom reported an uplift in its healthcare division by 3.2%.
Publicis Groupe Q2 revenue drops 13%
CEO Arthur Sadoun said the U.S. had a solid performance, helping to limit Publicis’ overall revenue decline.
Agency Q4 earnings roundup
WPP saw a decline in healthcare and pharma in 2019 due to assignment losses.
WPP sees ‘slightly subdued’ new business outlook for big pitches
WPP is defending its media account with Novartis this year.
WPP like-for-like revenue up slightly in Q2
Healthcare made up 11% of the holding company’s revenue less pass-through costs.
