Omnicom's Organic Revenue Declined 23% Last Quarter

'We think the worst is behind us,' CEO John Wren said

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Omnicom reported a revenue decline of nearly a quarter compared to its performance last year for Q2.

Organic revenue declined 23% year over year, Omnicom reported, primarily due to the business impact of the coronavirus pandemic. This is expected to be the worst of the impact of the pandemic based on forecasts from agency CEOs and others, Omnicom CEO John Wren said in an earnings call this morning. Omnicom’s stock value was also down over 5% today.

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