OMNICOM REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS 2024 Fourth Quarter: 2024 Full Year: NEW YORK, February 4, 2025 - Omnicom (NYSE: OMC) today announced results for the quarter and full year ended December 31, 2024. "With 5.2% organic revenue growth for both the fourth quarter and full year, and even higher growth in adjusted EBITA and adjusted EPS, our strong operational execution gives us confidence for continued strength in 2025," said John Wren, Chairman and Chief Executive Officer of Omnicom. "F ...

Core Insights - Omnicom reported a 5.2% organic revenue growth for both the fourth quarter and full year of 2024, with strong operational execution leading to confidence for continued strength in 2025 [2][9] - The company is preparing for the proposed acquisition of Interpublic, which is expected to enhance creativity, innovation, and effectiveness through expanded products and data assets [2] Fourth Quarter 2024 Results - Revenue increased by $261.3 million, or 6.4%, to $4,322.2 million compared to Q4 2023 [4][44] - Operating income rose by $38.6 million, or 6.0%, to $685.3 million, maintaining an operating income margin of 15.9% [12][44] - Net income for Q4 2024 was $448.0 million, a 5.2% increase from $425.7 million in Q4 2023, with diluted earnings per share rising to $2.26 [15][44] - Adjusted EBITA increased by $44.4 million, or 6.6%, to $722.2 million, with a margin of 16.7% [16][44] Full Year 2024 Results - Total revenue for 2024 was $15,689.1 million, up $996.9 million, or 6.8%, from 2023 [18][44] - Operating income for the year increased by $169.9 million, or 8.1%, to $2,274.6 million, with an operating income margin of 14.5% [25][44] - Net income for 2024 was $1,480.6 million, a 6.4% increase from $1,391.4 million in 2023, with diluted earnings per share rising to $7.46 [28][44] - Adjusted EBITA for the year increased by $140.8 million, or 6.1%, to $2,434.5 million, with a margin of 15.5% [29][44] Revenue Breakdown - Organic revenue growth in Q4 2024 was driven by Media & Advertising (7.1%), Precision Marketing (9.1%), and Public Relations (10.3%), while Healthcare and Branding & Retail Commerce saw declines [5][6] - For the full year, organic growth was led by Media & Advertising (7.8%) and Experiential (15.4%), with declines in Healthcare (0.4%) and Branding & Retail Commerce (6.2%) [19][20] Expense Analysis - Operating expenses for Q4 2024 increased by $222.7 million, or 6.5%, to $3,636.9 million, including $14.6 million in acquisition transaction costs related to the proposed acquisition of Interpublic [7][21] - Salary and service costs rose by $189.8 million, or 6.4%, to $3,143.8 million, reflecting organic growth in various disciplines [8][23] - For the full year, operating expenses increased by $827.0 million, or 6.6%, to $13,414.5 million, with significant contributions from salary and service costs [21][24] Interest and Taxation - Net interest expense in Q4 2024 increased by $11.3 million to $38.1 million, primarily due to higher outstanding debt [13][26] - The effective tax rate for Q4 2024 was 26.4%, slightly down from 26.5% in Q4 2023 [14][27]

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Omnicom (OMC) , which belongs to the Zacks Advertising and Marketing industry, could be a great candidate to consider.This advertising company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 3.38%.For the last reported quarter, Omnicom came out ...

Omnicom Group (OMC) is scheduled to release its fourth-quarter 2024 results on Feb. 4 after the bell.See the Zacks Earnings Calendar to stay ahead of market-making news.The company has an impressive earnings surprise history. It outperformed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an earnings surprise of 4.6%, on average.OMC’s Q4 ExpectationsThe Zacks Consensus Estimate for the top line is currently pegged at $4.3 billion, indicating 6.8% growth from the year-ago repor ...

Group 1 - Omnicom will release its fourth quarter and full year 2024 financial results on February 4, 2025, after the market closes [1] - A conference call to discuss the financial results will take place on the same day at 4:30 p.m. Eastern Time, with a live webcast available [1] - The webcast replay will be accessible after the call concludes, along with the earnings press release and slide presentation on Omnicom's investor relations website [1] Group 2 - Omnicom is a leading provider of data-inspired, creative marketing and sales solutions, serving over 5,000 clients in more than 70 countries [2] - The company offers a diverse range of services including advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, and healthcare marketing [2]

Company Overview - Credera is a global consulting firm focused on transformation, MarTech, artificial intelligence (AI), and technology [1][7] - Founded in 1999, Credera has grown from 300 employees in three U.S. locations at the time of its acquisition by Omnicom in 2018 to a team of 3,000 members across 17 locations globally [6] Achievements and Competencies - Credera has achieved the Amazon Web Services (AWS) Energy and Utilities Competency, recognizing it as an AWS Premier Tier Services Partner with expertise in the energy sector [1][3] - The AWS Energy and Utilities Competency highlights Credera's ability to deliver innovative solutions tailored to the unique challenges faced by energy and utilities companies [3][5] - Credera has also earned multiple competencies in areas such as DevOps, Data and Analytics, Machine Learning, Migration, Security, and Advertising and Marketing Technology [2] Industry Impact - The energy and utilities technology sector is undergoing significant transformation, with cloud services playing a pivotal role in supporting the global transition to a new energy system [5] - Credera helps energy companies optimize operations, enhance customer experiences, and drive innovation through the use of AWS technologies [5] - The company's energy and utilities team focuses on real-time data analytics, machine learning for grid management, and sustainability reporting [4]

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Core Viewpoint - The House Judiciary Committee, led by Rep. Jim Jordan, is investigating the merger of advertising giants Omnicom and Interpublic Group due to their connections with an alleged anticonservative cartel that aimed to defund certain news outlets [1][7]. Group 1: Investigation Details - The committee has ordered Omnicom and Interpublic to preserve documents and all communications with the World Federation of Advertisers (WFA) and the now-defunct Global Alliance for Responsible Media (GARM) [2]. - The companies are required to disclose measures taken to prevent repeating GARM's alleged anticompetitive practices and any politically biased "brand safety" initiatives they are involved in [2][7]. - Responses to the committee's inquiries are due by January 7 [3]. Group 2: Merger Implications - The merger, announced earlier this month, would create the largest advertising agency globally, employing over 100,000 individuals and generating nearly $25 billion in annual revenue [5]. - The investigation raises concerns about potential competition suppression, particularly regarding conservative media voices, similar to findings related to GARM's past actions [7][12]. Group 3: Background on GARM - GARM was accused of colluding to undermine conservative platforms by labeling them as harmful and influencing over 40 major companies to withdraw advertising support [7][11]. - The cartel was involved in a boycott of X (formerly Twitter) and targeted popular conservative media, including The Post and Fox News [11][12]. - GARM ceased operations in August following a federal antitrust lawsuit initiated by Elon Musk [13].

OMG agency OMD Ranked #1 for Billings Volume and Net GrowthYear-end projections drop weeks after Forrester Wavenamed OMG a leader in a transforming media marketplaceNEW YORK, Dec. 18, 2024 /PRNewswire/ -- Omnicom Media Group (OMG), the media services division of Omnicom (NYSE: OMC) and parent company to the OMD, PHD and Hearts & Science global media agency networks is expected to finish 2024 with both the highest rate of growth and actual billings growth among all global media groups.   Global Media Grou ...

Core Insights - TBWA\Worldwide has been named Adweek's 2024 Global Agency of the Year, marking the fourth time since 2018 that the agency has received this honor [2][6][3] - The agency's success is attributed to its innovative AI platform "Collective AI," which combines human creativity with technology to enhance client outcomes [2][3] - TBWA's creative achievements include winning an Emmy for Apple's 'Fuzzy Feelings' and notable collaborations with brands like Levi's and McDonald's [2][3] Company Performance - In 2024, TBWA welcomed 200 new clients and retained its top 20 clients, with 70% of them experiencing growth [1][2] - The agency's workforce consists of over 11,000 creative minds across more than 40 countries, contributing to its global reach and effectiveness [7][6] Leadership and Future Outlook - Troy Ruhanen, the current CEO, expressed pride in the agency's recognition and emphasized the importance of the Disruption® methodology in driving business success [3][4] - Erin Riley will take over as CEO in 2025, with a focus on continuing to innovate and make a significant impact in the industry [4][3]