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.
Agency network MSQ has reported revenue growth of 16.5% to 93 million pounds ($132 million) for the last financial year, during which it acquired a number of agencies from the Be Heard Partnership.
MSQ’s financial year for 2020 ended Feb. 28, 2021, and MSQ reported growth in revenue that was largely driven by the acquisition, although year-over-year organic growth was flat at 0%.
The marketing business, which included agencies such as The Gate, Holmes & Marchant, MBAstack, Smarts, Stein IAS, twentysix and Walk-In Media, completed the acquisition of agencies Agenda21, Freemavens and MMT Digital from Be Heard in September 2020.
The group also said it has seen an increase in gross profit of 20% over the first two months of the new financial year.
The
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in