Omnicom’s Global Revenue Increases 12.9 Percent in Q3

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By Tonya Garcia Comment

Omnicom Group has reported its third quarter earnings, announcing a 12.9 percent global rise in revenue to about $3.38 billion. Revenue for Q3 2010 was $2.99 million. Domestically, revenue was up 5.3 percent to about $1.7 billion from about $1.62 billion for Q3 2010. Internationally, revenue was up 21.8 percent to about $1.68 billion versus $1.38 billion for this quarter last year.

Omnicom firms include Fleishman-Hillard, Porter Novelli, and Ketchum. PR accounted for 9.1 percent of third quarter revenue, driving $307.1 million in revenue. That’s an increase of 9.7 percent year-over-year.

For the year, PR accounted for about the same percentage, nine percent, for a total of $905.2 million. That’s a 6.7 percent year-over-year increase.

Net income was up 16.7 percent to $203.7 million, a year-over-year increase from $174.6 million in 2010. Net income for the first nine months of the year ending September 30 was up even more — 17.1 percent to $680.7 million. Net income totaled $581.2 million for the same period last year.

Revenue for the first nine months of 2011 totaled about $10 billion, up 11.9 percent from about $8.96 billion. Domestically, revenue for that period is up 5.6 percent to $5.1 billion; abroad revenue was up 19.2 billion to about $4.9 billion.

For more Omnicom earnings info, click here.

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