Earnings Reports

Omnicom on 'Clear Path to Growth' Despite 1.8% Decline for Q1

The network reported annual growth and a 10.8% rise in operating profit to $45.2 million

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Omnicom Group has reported an increase in net income of 11.5% year-on-year in its Q1 earnings for 2021, despite seeing its organic growth decline 1.8% over the first three months of the year.

The holding company, which owns agency networks such as TBWA, BBDO and OMG, announced net income of $287.8 million compared to $258.1 million from the same period in 2020. It also saw a 0.6% increase in worldwide revenue to $3,426.9 million from $3,406.9