Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
Omnicom Group, hit with steep revenue declines in the automotive category, sports and event marketing, recruitment and branding/design, said net income dropped 22 percent in the third quarter. Those four areas accounted for just over half of the 10.7 percent decline in organic revenue during Q3.
The holding company reported net income of $165.6 million, or 53 cents a share, down from $213.6 million, or 68 cents a share a year earlier.
Overall revenue decreased 14 percent to $2.84
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in