Omnicom's beats third-quarter results as U.S. ad share rises [Reuters]
Omnicom Group Inc. (OMC)
Last omnicom group inc. earnings: 4/28 06:25 am
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Source: Reuters
Omnicom's beats third-quarter results as U.S. ad share rises | Reuters 2 Min Read (Reuters) - U.S. advertising company Omnicom Group Inc ( OMC.N ) beat analysts’ estimates for third-quarter revenue and profit on Tuesday, helped by an almost 7-percent rise in revenue from euro zone markets and a steadying of ad spending in the United States. Overall Omnicom reported a 2.9 percent rise in organic revenue - a closely-watched measure in the ad industry that excludes foreign exchange rate changes and income from acquisitions. Analysts on average had expected growth of 2.5 percent, according to research firm FactSet. That included a 6.9 percent expansion in euro zone markets, 0.6 percent growth in the United States and almost 14 percent in Asia/Pacific. The world’s “Big Four” traditional advertising agencies have struggled over the past five years, as the direct targeting models of internet giants Google ( GOOGL.O ) and Facebook ( FB.O ) swallow more advertising spend. Consulting firm
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- Omnicom Declares Dividend [Yahoo! Finance]Yahoo! Finance
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- How 12 brands are using generative AI in their ad campaigns, from bringing the artist Salvador Dalí to life to helping shelter pets get adopted [Business Insider]Business Insider
OMC
Earnings
- 4/16/24 - Beat
OMC
Sec Filings
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- OMC's page on the SEC website