Omnicom Q4: Profit Down 15%, PR Revenue Down 8.5%
Omnicom Group Inc. (NYSE: OMC) announced today fourth-quarter 2009 profit fell about 15% to $229.6 million, from $271 million in Q4 2008. Worldwide revenue in Q4 2009 fell 3% to $3.27 billion.
PR revenues declined 8.5% in Q4, compared to a 14.9% decline in Q3. Also, advertising revenues declined only 0.1% in Q4. For the year, PR revenues declined 14.8%, while advertising revenues declined 10%.
As The Wall Street Journal notes, the company still slightly beat analyst’s expectations.
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