Top ad firm outlines business sectors hit the most by the pandemic, and the ones that are faring better... for now [CNBC]
Omnicom Group Inc. (OMC)
Last omnicom group inc. earnings: 4/28 06:25 am
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Source: CNBC
Major U.S.-based advertising holding companyOmnicom GroupOmnicom shares were up more than 3% Tuesday morning after it reported first quarter results.The advertising industry is dealing with the immediate pullback of some advertisers and bracing for the wider impact of any economic fallout on client spending, since marketing isoften one of the first items that businesses cutdramatically reduced spendSectors that have been affected "more immediately and more significantly than others" from the pandemic include travel, lodging and entertainment; energy and oil and gas; non-essential retail and automotive, the companysaid in its Q1 2020 earnings reportSectors that "fared relatively well to date" include healthcare and pharmaceuticals; technology and telecommunications; financial services and consumer products. But Omnicom said conditions are volatile and "economic uncertainty cuts across all clients, industries and geographies," meaning even those sectors faring better for now will likely
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OMC
News
- Omnicom Group (NYSE:OMC) had its price target raised by analysts at UBS Group AG from $99.00 to $108.00. They now have a "buy" rating on the stock.MarketBeat
- Omnicom outlines new agency structure as IPG deal sharpens AI, data focus [Yahoo! Finance]Yahoo! Finance
- Omnicom's CEO breaks down his plan to beat rivals in AI after the ad giant's blockbuster $9 billion IPG deal [Yahoo! Finance]Yahoo! Finance
- Omnicom's CEO breaks down his plan to beat rivals in AI after the ad giant's blockbuster $9 billion IPG deal [Business Insider]Business Insider
- Omnicom to cut 4,000 jobs, shut several agencies after IPG takeover, FT reports [Yahoo! Finance]Yahoo! Finance
OMC
Earnings
- 10/21/25 - Beat
OMC
Sec Filings
- 12/5/25 - Form SCHEDULE
- 12/3/25 - Form S-4
- 12/2/25 - Form 8-K
- OMC's page on the SEC website