Omnicom's $900M Cost Cutting Drive Continues in Q3 as Revenues Stay Flat

The holdco reported earnings on the heels of winning Coca-Cola's North America media account

The numbers

$6 billion – Revenue from Omnicom’s “core operations” in Q3, up 7.2% organically year-over-year (YoY)

$19.2 billion –  Total revenue for this year ending Sept. 30, up from $11.7 billion in 2025

$16.7 billion – Total operating costs, up $5.4 billion YoY in the third quarter 

$6.4 billion – Total reported revenue for Q3 2026 

$1.1 billion – Non-GAAP adjusted EBITDA, an 18.2% margin

53% – Integrated media business’ share of Omnicom’s core operations

$900 million – Expected total “cost reduction synergies” for 2026

$412 million – Revenue from dispositions and assets held for sale

Watercooler talk

Nearly a year after Omnicom closed on IPG, CEO John Wren said the seeds of success are starting to take root. 

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Christopher Cicchiello

Christopher Cicchiello is ADWEEK's agencies reporter. Previously, he was on the breaking news assignment desk at NBC News in Washington D.C., where he earned an Emmy nomination for his 2024 election coverage. His byline has appeared in NBC News, TODAY, Quincy News, The Times Union, and The Daily Orange.