Financial Data and Key Metrics Changes - The acquisition of Interpublic closed on November 26, 2025, and its results were included for only December 2025 [16] - Adjusted operating income (EBIT) for Q4 was $876 million, and adjusted EBITDA was $929 million at a 16.8% margin, an increase of 10 basis points compared to last year [18] - Non-GAAP adjusted net income per diluted share was $2.59, based on weighted average shares outstanding of 233.8 million, up from last year due to shares issued for the IPG acquisition [19] Business Line Data and Key Metrics Changes - The media business performed well in Q4, while the PR business experienced negative growth due to challenging prior year comparisons [21] - Organic growth in Q4 2025 would have been approximately 4% if calculated consistently with prior practices, excluding planned dispositions [20] - Approximately 40% of revenue to be disposed of relates to execution and support disciplines, and 25% relates to the advertising group [22] Market Data and Key Metrics Changes - Strong growth was observed in the U.S. markets, particularly in media, as well as in European markets and the Middle East [22] - France, the Netherlands, and China struggled in Q4, while Latin America showed strong performance [22] Company Strategy and Development Direction - The company is focused on delivering integrated services that connect media, creative content, commerce, consulting, data, and technology [7] - A $5 billion share repurchase program was authorized, with a $2.5 billion accelerated share repurchase program launched [10] - The company plans to simplify and realign its portfolio, identifying non-strategic operations with approximately $2.5 billion in annual revenue for sale or exit [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the integration of Interpublic and the momentum gained in a short period [5] - The company expects to achieve $1.5 billion in annual run rate synergies over the next 30 months, doubling the initial estimate [9] - Management noted that brands are increasingly seeking enterprise-level partners to optimize marketing investments across platforms [12] Other Important Information - The company recorded severance and repositioning costs of $1.1 billion related to the acquisition and restructuring [17] - Free cash flow for the year improved significantly, driven by the addition of IPG and better management of working capital [23] - The company ended 2025 with cash equivalents and short-term investments of $6.9 billion, up $2.5 billion from last year [29] Q&A Session Summary Question: Expectations for organic growth in retained business - Management indicated that media could represent mid-50% of revenue going forward, with advertising slightly less than 20% [38] Question: Clarification on margins for disposed businesses - Margins for disposed businesses are based on the $2.5 billion, with the remaining assets expected to provide healthy dividends [70] Question: Reception of combined company offering - Enthusiasm was noted among clients and employees regarding the combined capabilities of the new organization [45] Question: Clarification on organic growth calculation - The 4% organic growth figure excludes businesses intended for disposal, reflecting stronger growth in retained businesses [49] Question: Feedback on the Omni platform - Clients have shown overwhelming excitement for the capabilities of the new Omni platform, which integrates various legacy systems [80] Question: Plans for cost synergies - A substantial portion of the $1.5 billion cost synergies is expected to flow through to the bottom line, with some reinvestment in growth initiatives [82]

Financial Data and Key Metrics Changes - The adjusted operating income (EBIT) for Q4 was $876 million, and adjusted EBITDA was $929 million at a 16.8% margin, an increase of 10 basis points compared to last year [18] - Non-GAAP adjusted net income per diluted share was $2.59, based on weighted average shares outstanding of 233.8 million, which increased from last year due to shares issued for the IPG acquisition [19] - The company recorded severance and repositioning costs of $1.1 billion related to the acquisition and restructuring efforts [16] Business Line Data and Key Metrics Changes - The Media business performed very well in Q4, contributing significantly to revenue growth, while the PR business experienced negative growth due to challenging prior year comparisons [20][21] - Approximately 40% of the revenue to be disposed of relates to execution and support and Experiential disciplines, with 25% related to the advertising group [22] - The retained portfolio of businesses generated revenue of $23.1 billion for the 12 months ended September 30, 2025 [9] Market Data and Key Metrics Changes - U.S. businesses showed strong growth, particularly in Media, while European markets and the Middle East also performed well [22] - The company faced challenges in France, the Netherlands, and China during Q4, while Latin America showed strong performance [22] Company Strategy and Development Direction - The company is focused on delivering integrated services that connect media, creative content, commerce, consulting, data, and technology [7] - A $5 billion share repurchase program was authorized, with a $2.5 billion accelerated share repurchase program launched [10] - The company plans to simplify and realign its portfolio, identifying non-strategic operations with approximately $2.5 billion in annual revenue for sale or exit [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the integration of the IPG acquisition and the momentum it has created for sustained growth [5] - The company expects to achieve $900 million of synergies in 2026, with a total annual run rate of $1.5 billion expected over the next 30 months [9][10] - Management noted that brands are increasingly seeking enterprise-level partners to optimize their marketing investments across platforms [12] Other Important Information - The company recorded a loss on planned dispositions of $543 million related to businesses being disposed of [17] - Free cash flow for the year improved significantly, driven by the addition of IPG and better management of working capital [23] Q&A Session Summary Question: Expectations for organic growth in retained business - Management indicated that they would provide more details on organic growth expectations at the upcoming Investor Day [34] Question: Clarification on margins for disposed businesses - Management confirmed that margins for disposed businesses are based on the $3.2 billion figure, with a mix of both Omnicom and IPG businesses [66][70] Question: Feedback on the Omni platform and its competitive edge - Management reported overwhelming enthusiasm from clients regarding the capabilities of the new Omni platform, which integrates various legacy systems [79] Question: Plans for cost synergies and reinvestment - Management expects a substantial portion of the $1.5 billion cost synergies to flow through to the bottom line, while also planning to invest in growth initiatives [81][83]

Financial Data and Key Metrics Changes - Adjusted operating income (EBIT) for Q4 was $876 million, with adjusted EBITDA at $929 million, reflecting a 16.8% margin, an increase of 10 basis points year-over-year [16] - Non-GAAP adjusted net income per diluted share was $2.59, based on weighted average shares outstanding of 233.8 million, up from last year due to shares issued for the IPG acquisition [17] - Free cash flow improved significantly, with a positive change in operating capital of approximately $700 million, a $900 million improvement from 2024 [22][23] Business Line Data and Key Metrics Changes - The media business performed well in Q4, contributing significantly to year-on-year growth, while the PR business experienced negative growth due to challenging prior year comparisons [18][19] - Approximately 40% of revenue to be disposed of relates to execution and support disciplines, with 25% from the advertising group [20] - The retained portfolio generated revenue of $23.1 billion for the 12 months ended September 30, 2025 [7] Market Data and Key Metrics Changes - Strong growth was observed in the U.S. market, particularly in media, as well as in European markets and the Middle East [20] - The Latin America market showed strength, while businesses in France, the Netherlands, and China struggled in Q4 [20] Company Strategy and Development Direction - The company is focused on delivering integrated services that connect media, creative content, commerce, consulting, data, and technology [5] - A $5 billion share repurchase program was authorized, with a $2.5 billion accelerated share repurchase program launched [8] - The company plans to simplify and realign its portfolio, identifying non-strategic operations with approximately $2.5 billion in annual revenue for sale or exit [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the integration of the IPG acquisition and the momentum it has created for sustained growth [4] - The company expects to achieve $1.5 billion in annual run rate synergies over the next 30 months, doubling initial estimates [7] - Management noted that brands are increasingly seeking enterprise-level partners to optimize marketing investments across platforms [10] Other Important Information - The company recorded severance and repositioning costs of $1.1 billion related to the IPG acquisition [14] - The tax rate on non-GAAP adjusted Q4 pre-tax income was 25.8%, flat with the prior year [17] - The company plans to provide additional details on expectations for revenue growth and EBITDA growth for 2026 at the Investor Day on March 12 [31] Q&A Session Summary Question: Expectations for organic growth in retained business - Management indicated that media could represent mid-50% of revenue going forward, with advertising slightly less than 20% [36] Question: Clarification on organic growth calculation - The 4% organic growth figure excludes planned dispositions and reflects growth from businesses intended for investment [48] Question: Reception of combined company offering - Enthusiasm was noted among clients and employees regarding the combined capabilities of the new organization [44] Question: Feedback on the Omni platform - Clients have expressed excitement about the capabilities of the new Omni platform, which integrates various legacy systems [81] Question: Margin trajectory and cost synergies - A substantial portion of the $1.5 billion in cost synergies is expected to flow through to the bottom line, with some reinvestment into growth initiatives [82]

Core Viewpoint - Virtuix Holdings Inc is expanding its consumer business into the European market with its flagship product, the Omni, an omnidirectional treadmill designed for immersive virtual reality experiences [1][2]. Group 1: Expansion into Europe - The company is officially entering the European consumer market, starting with the UK and then expanding to other EU countries [3][4]. - The European gaming market, particularly for PC gaming, has shown strong historical growth, making it an attractive opportunity for the company [4]. - The Omni is now available for purchase in Europe, with initial deliveries expected in mid-April [4]. Group 2: Production and Capacity - The company has a production capacity of 3,000 units per month, which translates to approximately $100 million in potential annual revenues [6]. - This capacity is expected to support the anticipated demand in the European market as the company scales its operations [6]. Group 3: Partnerships and Defense Sector - Virtuix is partnering with Unbound XR, a leading XR online retailer in Europe, to facilitate its expansion into the consumer market [5]. - The company is also exploring opportunities in the defense sector with its Virtual Terrain Walk system, which allows military personnel to virtually explore terrains before deployment [7]. Group 4: Investor Message - The company emphasizes its readiness to scale and the potential for high-margin enterprise and defense contracts, which are expected to drive growth and value creation for shareholders [8].

Core Viewpoint - Omnicom is set to release its fourth quarter and full year 2025 financial results on February 18, 2026, followed by a conference call to discuss these results [1] Company Information - Omnicom is recognized as the world's leading marketing and sales company, focusing on intelligent growth for the future [1] - The company utilizes its Connected Capabilities, which integrate various agency brands, talent, and expertise across multiple sectors including media, commerce, consulting, precision marketing, advertising, production, health, public relations, branding, and experiential [1]

Core Insights - The Consumer Electronics Show (CES) 2026 showcased significant advancements in the advertising industry, highlighting the impact of artificial intelligence, data integration, and cross-industry collaboration on advertising strategies [1][8] Group 1: Stagwell's Innovations - Stagwell introduced its AI platform "The Machine," designed to optimize advertising creativity and data processing through intelligent agents, enhancing precision and efficiency in ad placements [2] - The platform connects various tools like Figma, Slack, and Adobe, creating a seamless advertising creation and management environment [2] - This innovation signifies a shift towards AI-driven systems in the advertising sector, promising to transform creative generation and execution [2] Group 2: Havas's AVA Platform - Havas launched the AVA (Advanced Virtual Agent) platform, integrating multiple leading AI models to enhance advertising across various business dimensions, including ad placement and data analysis [3] - The platform emphasizes security and compliance, providing a centralized AI environment for advertisers, which is crucial for data privacy [3] - AVA aims to improve audience understanding and optimize ad creativity and targeting decisions [3] Group 3: Omnicom's Omni Platform - Omnicom unveiled its AI-driven marketing platform, Omni, focusing on integrating internal resources to create a comprehensive marketing solution [4] - The platform's "Connected Capabilities" allow for real-time adjustments to ad strategies based on data and creative feedback, maximizing advertising effectiveness [4] - Omnicom's recent acquisitions enhance the platform's capabilities, providing a robust data infrastructure for global ad targeting and performance measurement [5] Group 4: WPP's Agent Hub - WPP introduced the Agent Hub, an internal application store featuring AI agents designed for creative and strategic advertising support [6] - The "super agent" function offers customized creative solutions and targeted marketing strategies based on client needs [6] - This platform indicates a deeper integration of AI in advertising creativity and strategy, enabling more precise decision-making [6] Group 5: Innovations from Social Platforms - Reddit launched "Max Campaigns," an automated ad buying tool that streamlines audience targeting, creative selection, and budget allocation [7] - Disney revealed a new ad video generation tool to help brands quickly create content for streaming platforms, enhancing ad creation efficiency [7] - The innovations presented at CES 2026 reflect a broader trend towards intelligent, automated, and precise advertising strategies across the industry [7][8]

Core Insights - Omnicom has enhanced its marketing operating system, Omni, by integrating assets from the recently acquired IPG, allowing for greater flexibility and AI-driven guidance for clients and agency teams [1][2] Group 1: Omni's Functionality and Features - The primary goal of Omni remains unchanged, focusing on data consolidation, automation of tasks, and acceleration of media and creative execution, now enhanced with IPG's integrated data and technology [2] - Acxiom, a database marketing company from IPG, has joined Omni, contributing to its data foundation through Acxiom RealID [3] - Omni's latest version allows for real-time insights and incorporates dynamic data sources to adapt to changing consumer behaviors, ensuring that marketing activities reflect current market conditions [6][8] Group 2: Demonstration and User Experience - During a demonstration at CES, Omni COO Christine Gambino showcased how Omni can create marketing plans, emphasizing the importance of human expertise in refining creative assets generated by the system [4][5] - The system is designed to be additive rather than a replacement, aiming to provide real-time insights to teams and brands [5] Group 3: Competitive Differentiation - Omni differentiates itself from competitors by combining data, AI agents, and human input, allowing for nuanced prompting that influences output quality [6] - The system continuously learns from real-time data, contrasting with static models, which enhances its effectiveness in generating synthetic audiences based on recent transaction volumes [8] Group 4: Strategic Importance and Future Outlook - Omnicom's CEO John Wren has emphasized the foundational role of creative services in the company, despite perceptions of vulnerability in the AI era [10] - The integration of AI into Omni is seen as a key factor in the company's performance, with claims of achieving production speeds that are 25%-55% faster and resulting in meaningful cost savings [10] - The launch of Omni's latest version aligns with a broader trend among ad holding companies to develop AI platforms, indicating a competitive shift in the industry [11]

Core Insights - The new Omni platform integrates Omnicom's strengths with those of Interpublic, enhancing creativity, media, data, and AI to support brands in a complex marketing ecosystem [1][2] - Omni serves as a unified operating system that connects strategy, execution, and performance, enabling clients to make informed decisions and achieve measurable outcomes [2][4] Data and Identity - Omni's data foundation is built on Acxiom RealID™, which includes 2.6 billion verified global IDs and trillions of media and commerce signals, providing a comprehensive view of consumer behavior [5][6] - The platform's identity infrastructure is the largest in the industry, enhancing decision-making with a consistent source of truth [5][6] Creativity and Workflow - Omni incorporates AI tools that enhance creative processes, allowing for 25-55% faster production while maintaining human creativity at the forefront [7] - The platform promotes a connected workflow across various marketing functions, reducing manual handoffs and enabling seamless collaboration [8] Decision Support and Flexibility - AI within Omni supports decision-making by providing insights and recommendations while ensuring human oversight remains central [9] - The platform's open architecture allows for integration with existing marketing technologies, offering clients flexibility and accommodating diverse needs [10] Marketing Expertise - Omni is designed for marketing professionals, reducing complexity and fostering closer alignment between strategy, creativity, and execution [11] - The platform connects all marketing signals and outcomes in real-time, enhancing alignment and delivering superior results [12]

As filed with the U.S. Securities and Exchange Commission on December 30, 2025. Registration No. 333-[•] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 __________________________________ Virtuix Holdings Inc. (Exact name of registrant as specified in its charter) __________________________________ | Delaware | 3577 | 46-4371395 | | --- | --- | --- | | (State or other jurisdiction of | ...

Core Insights - Omnicom has completed its acquisition of Interpublic, positioning itself as a leading marketing and sales company with a comprehensive portfolio powered by its advanced intelligence platform, Omni [1][2]. Strategic Advantages - Omnicom's Connected Capabilities leverage data, creativity, and technology to provide clients with strategic solutions that address critical growth priorities [2]. - The five strategic advantages include: 1. **Strongest Media Ecosystem**: Omnicom boasts the world's largest media network, integrating various channels for measurable growth in a privacy-first environment [4]. 2. **Most Influential Content**: The company utilizes generative AI to create personalized content at scale, supported by a portfolio of award-winning talent [4]. 3. **Connected Commerce Excellence**: Omnicom connects marketing investments to sales performance, enhancing omnichannel growth and ROI [4]. 4. **Enterprise Generative AI Capability**: The company has established partnerships with leading AI model providers to enhance marketing operations [4]. 5. **Identity Leadership**: Omnicom's identity solution unifies 2.6 billion verified global IDs, providing brands with a comprehensive understanding of consumers without relying on third-party cookies [4]. Leadership Structure - The leadership team includes: - John Wren as Chairman & CEO - Phil Angelastro as EVP & CFO - Philippe Krakowsky and Daryl Simm as Co-Presidents and COOs [6][5]. Client Engagement and Feedback - Omnicom has engaged with its largest clients prior to the merger's completion, receiving positive feedback on its strategic direction [8]. Financial Confidence - The company has increased its quarterly dividend to $0.80 per share, reflecting confidence in its cash generation and synergy capture post-merger [9]. Upcoming Milestones - Omnicom plans to unveil its new strategy and capabilities at the 2026 Consumer Electronics Show and will announce year-end earnings in February 2026 [13].