Agency owners reveal mixed Q1

PARIS/NEW YORK: This year’s first financial quarter presented mixed fortunes for the largest agency-holding companies.

Paris-based Publicis Groupe’s revenue was more than $1bn (£566m) for the quarter, down 4.3 per cent on last year.

Publicis didn’t break down revenue from its PR agencies – Publicis Dialog, Publicis Consultants, Manning Selvage & Lee and Rowland Communications.

Interpublic’s revenue was $1.4bn (£792m) for the quarter, a six per cent increase on the same period last year, although net losses almost doubled to $16.9m (£9.57m).

IPG’s PR firms, led by Weber Shandwick, had their best quarter in two years based on revenue, CEO David Bell said.

Omnicom’s PR agencies – which include Fleishman-Hillard – accounted for almost 11 per cent of revenues.

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