Don't miss ADWEEK House at Cannes, June 16-19. Join us as we celebrate our 45th anniversary and explore the industry's now and next. RSVP.
WPP suffered its worst stock drop (14 percent) in nearly two decades, it announced today during an earnings call in which CEO Martin Sorrell bluntly admitted that 2017 was “not a pretty year” for the world’s largest holding group.
The global business failed to meet even analysts’ most conservative predictions for growth, and WPP’s presentation called 2018 “slow to start” with like-for-like revenue flat. The market’s response was so dramatic that it affected the stock prices of competitors Omnicom, Publicis and IPG.
Sales
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in