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Omnicom, which owns agencies such as TBWA, DDB, Hearts & Science and PHD, experienced an 11.7% drop in organic revenue during the third quarter of this year due to the economic impact of Covid-19.
During the second quarter of 2020, Omnicom’s organic revenue fell 23%.
“As we expected, the negative impact of Covid-19 on our business peaked in the second quarter, and we experienced significant improvements in the third quarter,” John Wren, CEO of Omnicom, said on the company’s quarterly earnings call today.
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