The Disruption® Company was awarded the honor by showing the depth and breadth of a true global network In 2024 TBWA welcomed 200 new clients, retained its top 20 and saw growth with 70% of them NEW YORK, Dec. 17, 2024 /PRNewswire/ -- TBWA\Worldwide has been named 2024 Global Agency of the Year by Adweek, one of the world's leading marketing publications. TBWA is Adweek's 2024 Global Agency of the Year TBWA was recognized for innovating ways of working with the launch of its AI platform "Collective AI" ...

As reported in the recently published Global Media Agency New Business Barometer Q1-Q3 2024 - an analysis of the global media agency marketplace from independent research company COMvergence - OMG was awarded $7.37 billion in client billings – including $4.4 million in retained business  - during the first nine months of the year, outperforming its nearest competitor by more than 40 percent.  Remarkably, OMG also earned the highest retention rate, successfully defending 85% of its billings in review while c ...

It has been about a month since the last earnings report for Omnicom (OMC) . Shares have lost about 2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Omnicom due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Omnicom Q3 Earnings and Revenues Beat EstimatesOmnicom Gr ...

First randomized placebo-controlled trial in NTM abscessusSymptom-based endpoints showed favorable improvement in frequency and severity of the most common symptomsMicrobiologic endpoints showed higher conversion to negative sputum culture, without emergence of resistance to omadacyclineIn this 12-week study, omadacycline appeared to be safe and well-tolerated with no new or unexpected safety signals BOSTON, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Paratek Pharmaceuticals, Inc., a commercial-stage biopharmaceutica ...

ST. LOUIS, Nov. 6, 2024 /PRNewswire/ -- FleishmanHillard today announced the appointment of Della Sweetman to the role of president, Americas and chief strategy officer, effective immediately. In this position Sweetman will be responsible for the performance of the agency's largest region and for driving enterprise-wide business transformation. She will report to J.J. Carter, who was promoted to FleishmanHillard president and chief executive officer on October 1."Della is the right person to step into this ...

DDB is Recognized as the #2 Creative Agency and #3 Network on the Inaugural ListNEW YORK, Oct. 31, 2024 /PRNewswire/ -- DDB is proud to announce its inclusion in Newsweek's inaugural list of America's Most Reliable Companies 2025, as the #2 Creative Agency and #3 Agency Network. This prestigious accolade, published by Newsweek's partners at Statista, recognizes DDB's unwavering commitment to creative excellence and dependability on behalf of their clients.The list, unveiled on October 24th, 2024, showcases ...

Have you evaluated the performance of Omnicom's (OMC) international operations during the quarter that concluded in September 2024? Considering the extensive worldwide presence of this advertising company, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and t ...

Omnicom Group Inc. (OMC) reported impressive third-quarter 2024 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. See Zacks Earnings Calendar to stay ahead of market-making news. Earnings of $2 per share beat the consensus estimate by 3.1% and rose 9.1% from the year-ago quarter. Total revenues of $3.9 billion outpaced the consensus mark by 2.3% and grew 8.5% on a year-over-year basis. Top-line growth was led by a rise of 6.5% in revenues from organic growth and a 2.1% increment ...

Financial Data and Key Metrics Changes - Organic growth for Q3 2024 was strong at 6.5%, with the U.S. also growing at 6.5% [4][12] - Non-GAAP adjusted EBITDA margin was 16% for the quarter, with non-GAAP adjusted earnings per share at $2.03, up 5.7% compared to 2023 [4][20] - Free cash flow year-to-date increased by 4% from last year, with total acquisition payments primarily reflecting the $845 million acquisition of Flywheel [20][22] Business Line Data and Key Metrics Changes - Advertising and media growth was 9%, driven by strong media performance and production initiatives [14] - Precision Marketing growth was 1%, with strong growth at Flywheel offset by lower client spending in some markets [14] - Experiential growth was very strong at 35%, driven by activations for the Summer Olympics [15] Market Data and Key Metrics Changes - The U.S. market showed organic growth of 6.5%, with strong performance in Europe and solid growth in Asia Pacific, Latin America, and the Middle East [16] - Healthcare revenues were down 1%, while branding and retail commerce declined by 5% due to reduced client spending [15] Company Strategy and Development Direction - The formation of Omnicom Advertising Group aims to align creative agencies globally under one leadership team, enhancing access to solutions and technology [5][6] - The acquisition of LeapPoint expands capabilities in digital advisory, supporting strategic efforts to offer comprehensive content solutions [7] - The company is focused on integrating AI and technology platforms to improve marketing outcomes and operational efficiencies [9][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the higher end of the organic growth target for the year, despite market uncertainties due to upcoming elections and global conflicts [11][25] - The company remains optimistic about future growth, supported by recent business wins and strategic investments [40][54] Other Important Information - The company expects the impact of foreign currency translation to be positive for Q4 2024 and flat for the full year [12] - The EBITDA margin is expected to remain close to flat with 2023, balancing cost savings with strategic investments [18][60] Q&A Session Summary Question: Update on client conversations and impact of the election - Management noted that discussions have shifted from the Fed to the election, with visibility on client spending increasing as the quarter progresses [25][26] Question: Insights on the Amazon media business win - The Amazon win was attributed to strong relationships and successful media group performance, with revenue expected to start flowing in the new year [27][28] Question: Growth and margin expansion outlook - Management indicated that efficiencies from recent initiatives and investments in AI could support margin expansion, while acknowledging the need for continued investment [30][31] Question: Performance of the Precision Marketing segment - The U.S. market showed strong performance, while international markets faced challenges, particularly due to political factors [36][37] Question: Industry growth and competitive positioning - Management believes the industry is in better shape than in previous years, with investments leading to improved measurement and client engagement [39][40] Question: Explanation of the Omnicom Advertising Group - The new structure aims to enhance integration and efficiency in response to technological changes, while maintaining the unique identities of individual agencies [45][46] Question: Retail media capabilities and Flywheel's role - Flywheel is positioned as a leader in online retail media, with ongoing investments to enhance capabilities in both onsite and offsite retail media [50][51] Question: Overall market outlook and confidence - Management expressed bullishness about future prospects, citing recent wins and the sophistication of clients as key factors [53][54]

Omnicom (OMC) reported $3.88 billion in revenue for the quarter ended September 2024, representing a yearover-year increase of 8.5%. EPS of $2.03 for the same period compares to $1.86 a year ago. The reported revenue represents a surprise of +2.32% over the Zacks Consensus Estimate of $3.79 billion. With the consensus EPS estimate being $1.97, the EPS surprise was +3.05%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...