Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against WPP plc due to allegations of false and misleading statements regarding the company's expected revenue for fiscal year 2025, leading to significant investor losses [3][5]. Group 1: Allegations and Company Performance - The complaint alleges that WPP and its executives violated federal securities laws by making false statements and failing to disclose material information about the company's media division performance [5]. - WPP's executives expressed confidence in revitalizing the media division and claimed that new business wins would offset losses, while concealing the true challenges faced by the company [5]. - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing it to macroeconomic uncertainties and weaker new business than expected [6]. Group 2: Stock Price Impact - Following WPP's trading update on July 9, 2025, the company's stock price fell from $35.82 per share to $29.34 per share, marking an approximate decline of 18.1% in one day [7]. Group 3: Legal Proceedings - Investors who purchased WPP securities between February 27, 2025, and July 8, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights, with a deadline of December 8, 2025, to seek lead plaintiff status in the class action [3][9].

Core Viewpoint - WPP plc is facing a securities fraud class action lawsuit alleging misrepresentations regarding its media arm's ability to handle macroeconomic challenges [3] Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Southern District of New York for investors who purchased WPP common stock between February 27, 2025, and July 8, 2025 [3] - Allegations include violations of the Securities Exchange Act of 1934 against WPP and certain senior officers [3] - The lawsuit claims that the defendants misrepresented WPP's media arm's capabilities in the face of ongoing macroeconomic challenges [3] Group 2: Legal Participation - Investors wishing to serve as lead plaintiff must file papers by December 8, 2025 [4] - Serving as lead plaintiff is not required to share in any potential recovery from the lawsuit [4] - All legal representation is on a contingency fee basis, meaning shareholders incur no fees or expenses [4] Group 3: Law Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented large public and private pension funds [5] - The firm has been recognized in The National Law Journal's "Plaintiffs' Hot List" thirteen times and has been listed in The Legal 500 for sixteen consecutive years [5]

Core Viewpoint - WPP plc is facing a class action lawsuit due to allegations of providing misleading statements about its media arm's performance, leading to a significant drop in stock price after a disappointing trading update [1]. Summary by Sections Allegations - The complaint claims that WPP's management made overly positive statements while concealing adverse facts about the company's ability to handle macroeconomic challenges and competition, resulting in a loss of market share [1]. - On July 9, 2025, WPP reported a deterioration in performance for Q2 2025, attributing it to macroeconomic uncertainties and weaker new business, partly due to ongoing restructuring within WPP Media (GroupM) [1]. Stock Price Impact - Following the trading update on July 9, 2025, WPP's stock price plummeted from $35.82 per share to $29.34 per share, marking an approximate decline of 18.1% in just one day [1]. Class Action Details - Shareholders who purchased WPP shares during the class period from February 27, 2025, to July 8, 2025, are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for December 8, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2].

Core Viewpoint - WPP, the advertising agency, issued its second profit warning since July and its first under the new CEO, leading to a significant decline in its stock price [1] Company Summary - The profit warning indicates ongoing challenges for WPP, reflecting a difficult operating environment [1] - This warning marks a notable event as it is the first under the leadership of the new chief executive, suggesting potential issues with the company's strategic direction [1] - The stock's sharp decline following the announcement highlights investor concerns regarding WPP's financial health and future performance [1]

Financial Data and Key Metrics Changes - Like-for-like revenue less pass-through costs fell 5.9% in Q3 2025, leading to a year-to-date decline of 4.8% [4][5] - Overall revenue less pass-through costs was down 11.1% in the quarter [5] - Adjusted net debt stood at £3.6 billion, stable year-on-year but up from year-end [16][17] - The company expects a like-for-like decline of -5.5% to -6% for the full year, revised from previous guidance [18][19] Business Line Data and Key Metrics Changes - Global integrated agencies experienced a like-for-like decline of 6.2% in Q3 [6] - WPP media saw a like-for-like decline of 5.7%, with a nine-month performance decline of 3.9% [7] - Public relations declined by 5.9% in Q3, following a 7.8% decline in Q2 [11] - Specialist agencies saw a decline of 2.2% in Q3, with strong growth from CMI Media Group offsetting weaker performance in other areas [12] Market Data and Key Metrics Changes - North America declined by 6% in Q3, with significant impacts from WPP Media and Ogilvy [12] - The UK saw an 8.9% decline in Q3, reflecting media client assignment losses [12] - Western continental Europe experienced a like-for-like decline of 4.4% [13] - Healthcare sector showed strong performance with high single-digit growth [15] Company Strategy and Development Direction - The company aims to strengthen financial performance and improve shareholder returns while delivering success for clients [2][3] - A focus on simplifying and integrating client offerings, powered by data and AI, is emphasized as a core principle for future growth [31] - The company is committed to leveraging technology partnerships, such as the expanded agreement with Google, to enhance AI capabilities [27][28] Management's Comments on Operating Environment and Future Outlook - Management acknowledges recent performance has been unacceptable and emphasizes the need for action [2][25] - There is a significant degree of polarization in client spending, with some sectors experiencing robust growth while others face declines [8][10] - The management expresses optimism about the growth opportunities ahead, particularly in the context of AI and technology [20][24] Other Important Information - The company has a strong liquidity position with £2.9 billion available at the end of September [18] - The weighted average maturity of bond debt is 6.1 years, with an average coupon of 3.5% [18] Q&A Session All Questions and Answers Question: Can you provide more details on the lower spend from existing clients? - The cuts are primarily in project work, with significant declines in CPG, automotive, and tech sectors [34][37] Question: What is the competitive landscape for the SMB market regarding WPP Open Pro? - The strategy is about expanding the addressable market, and revenues from WPP Open Pro are expected to be incremental [35][40] Question: Why is there no downgrade to the cash flow guidance despite lower margin and top-line guidance? - The unchanged operating cash flow guidance is due to disciplined cash management and some FX tailwinds [64][66] Question: What feedback did you receive from clients who stopped using WPP? - Feedback indicated a lack of clarity about the end-to-end story and complexity in the organizational structure [65] Question: What is the company's stance on its balance sheet strength? - The company maintains a strong investment-grade balance sheet with no covenants on debt [73]

Financial Data and Key Metrics Changes - Like-for-like revenue less pass-through costs fell 5.9% in Q3 2025, leading to a year-to-date decline of 4.8% [4][18] - Overall revenue less pass-through costs was down 11.1% in the quarter, with a 1.7% drag from foreign exchange [5][18] - Adjusted net debt stood at GBP 3.6 billion, stable year-on-year but up from year-end [16][17] - The company expects a decline in headline operating margin performance, guided to be around 13% [19] Business Line Data and Key Metrics Changes - Global integrated agencies experienced a like-for-like decline of 6.2% in Q3, with WPP media declining 5.7% [6][10] - Public relations saw a like-for-like decline of 5.9%, while specialist agencies declined 2.2% [11][12] - Healthcare sector showed strong growth with a like-for-like increase of 6.7% [15] Market Data and Key Metrics Changes - North America declined by 6% in Q3, with significant impacts from WPP Media and Ogilvy [12] - The U.K. saw an 8.9% decline, while Western continental Europe experienced a 4.4% decline [12][13] - China’s decline moderated to 10.6%, while India returned to growth at 6.7% [13][14] Company Strategy and Development Direction - The company aims to strengthen financial performance and improve shareholder returns while enhancing client success [2][3] - A focus on simplifying and integrating client offerings, powered by data and AI, is emphasized as a core principle for future growth [31] - The company is committed to leveraging technology partnerships, such as the expanded agreement with Google, to enhance AI capabilities [27][28] Management's Comments on Operating Environment and Future Outlook - Management acknowledges recent performance as unacceptable and emphasizes the need for urgent action to improve execution and client service [25][32] - There is a recognition of the volatility in client spending patterns and the impact of client losses on future performance [19][46] - The management expresses optimism about the growth opportunities in the marketing industry, particularly with advancements in AI [20][24] Other Important Information - The company is revising its full-year organic growth guidance to -5.5% to -6% due to continued volatility in client spending [18][19] - Average adjusted net debt has slightly decreased to GBP 3.4 billion, benefiting from the impact of disposals [17] Q&A Session Questions and Answers Question: What is the reason for lower spend from existing clients? - The cuts in spending are primarily in project work, particularly in sectors like CPG, automotive, and tech, with a high degree of polarization within sectors [34][37] Question: Can you provide insights on the competitive landscape for WPP Open Pro? - The strategy is focused on expanding the addressable market, with expectations that revenues from WPP Open Pro will be incremental [35][40] Question: What factors contributed to the revised full-year guidance? - The guidance reflects a combination of client losses, volatility in spending, and a cautious outlook for Q4 based on trends observed in Q3 [42][55] Question: How is the company addressing staff motivation amid current performance challenges? - The company is focused on retaining top talent and providing a world-class employee experience, emphasizing the importance of employee development [52][58] Question: What feedback has been received from clients regarding their experiences with WPP? - Clients have provided positive feedback on the quality of work but have expressed a desire for a simpler and more integrated offering [59][60]

Financial Data and Key Metrics Changes - Like-for-like revenue less pass-through costs fell 5.9% in Q3 2025, leading to a year-to-date decline of 4.8% [3][4] - Overall revenue less pass-through costs was down 11.1% in the quarter [4] - Adjusted net debt at £3.6 billion, stable year-on-year but up from year-end [14][16] - Revised full-year organic growth guidance to -5.5% to -6% [17][18] Business Line Data and Key Metrics Changes - Global integrated agencies experienced a like-for-like decline of 6.2% in Q3 [5] - WPP media saw a like-for-like decline of 5.7%, with a nine-month performance decline of 3.9% [5][6] - Public relations declined by 5.9% in Q3, following a decline of 7.8% in Q2 [10] - Specialist agencies saw a decline of 2.2% in Q3, with strong growth from CMI Media Group [10] Market Data and Key Metrics Changes - North America declined by 6% in Q3, with key drivers being WPP Media and Ogilvy [11] - The UK declined 8.9% in Q3, impacted by media client assignment losses [12] - Western continental Europe saw a like-for-like decline of 4.4% [12] - Healthcare sector delivered high single-digit growth, contrasting with declines in CPG and automotive sectors [13] Company Strategy and Development Direction - The company aims to strengthen financial performance and improve shareholder returns while delivering success for clients [2] - Focus on simplifying and integrating client offerings, powered by data and AI [29] - Plans to leverage data and AI advantages to expand addressable market, particularly in enterprise and technology solutions [26][29] - Emphasis on improving execution and building a high-performance culture [25][29] Management's Comments on Operating Environment and Future Outlook - Management acknowledges recent performance has been unacceptable and is focused on identifying and addressing issues [19][24] - Clients desire simpler, more integrated offerings that are efficiently priced [25] - The company is optimistic about growth opportunities in the AI era, positioning itself to lead in this transformation [20][23] Other Important Information - The company has a strong liquidity position with £2.9 billion available at the end of September [17] - The weighted average maturity of bond debt is 6.1 years with an average coupon of 3.5% [16] - The company is committed to maintaining an investment-grade balance sheet [16][71] Q&A Session Summary Question: Insights on lower client spending - Management noted that project work and delays are the main areas of reduced spending, particularly in CPG, automotive, and tech sectors [32][35] Question: Full-year guidance and underlying slowdown - Guidance reflects a cautious outlook due to client losses and volatility in spending patterns, particularly in the media business [41][43] Question: Staff motivation strategies - Management emphasized the importance of retaining top talent and providing a world-class employee experience [50][57] Question: Feedback from lost clients - Initial discussions with lost clients revealed consistent feedback on the complexity of the company's offerings and organizational structure [62][63] Question: Cash flow guidance and working capital - Operating cash flow guidance remains unchanged due to disciplined cash management and FX tailwinds [62][65] Question: Balance sheet strength and investment capabilities - The company maintains a strong balance sheet and is focused on reallocating investments to areas that will deliver the fastest returns [71][72]

Q3 TRADING UPDATE 30 October 2025 2 Cautionary statement regarding forward- looking statements This document contains statements that are, or may be deemed to be, "forward-looking statements". Forward- looking statements give the Company's current expectations or forecasts of future events. These forward-looking statements may include, among other things, plans, objectives, beliefs, intentions, strategies, projections and anticipated future economic performance based on assumptions and the like that are sub ...

Core Viewpoint - The company is facing significant challenges and has acknowledged the need for substantial improvements to address what has been described as an unacceptable performance [1] Group 1 - The Chief Executive, Cindy Rose, emphasized the urgency of the situation and the extensive work required to achieve a turnaround [1]

Core Viewpoint - WPP has issued a profit warning following a disappointing 5.9% decline in third-quarter net revenue, highlighting the challenges faced by new CEO Cindy Rose in revitalizing the advertising firm [1] Group 1: Financial Performance - WPP reported a 5.9% drop in third-quarter net revenue, which was worse than market expectations [1] - The decline in revenue underscores the difficulties in the advertising sector, particularly for WPP as it navigates a competitive landscape [1] Group 2: Leadership Challenges - New CEO Cindy Rose is tasked with the challenge of turning around the company's performance amid declining revenues [1] - The profit warning indicates significant pressure on the leadership to implement effective strategies for recovery [1]