Struggling MDC Partners Reports Net Loss for Third Quarter

Agencies reportedly exploring buybacks

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Today, ad agency network MDC Partners reported a net loss of $18.2 million for the quarter ending on Sept. 30.

The $18.2 million net loss over the quarter compares to a net income of $14.1 million over the same period in 2017. MDC Partners attributed the net loss primarily to an asset impairment charge of $21 million. Diluted loss per share for the quarter was $0.32, compared to $0.24 over the third quarter in 2017.

Revenue for the quarter was flat compared to the same period last year at $375.8

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