MDC Partners Sees Sharp Organic Revenue Drop in Q2 as a Result of Covid-19

Holding company pinned decline on reduced client spending

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MDC Partners saw organic revenue drop 26% in the second quarter of this year, which the holding company said occurred “primarily due to reduced spending by clients in connection with Covid-19.”

Revenue fell to $260 million in Q2, down from $362 million during the same period last year.

“The second quarter brought the full economic, social and political force of Covid-19 upon our clients, the economy and the marketing service industry,” Mark Penn, chairman and CEO of MDC Partners, said on the company’s quarterly earnings call.

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