Earnings Reports

WPP CEO Mark Read Says Company's 15% Organic Revenue Drop in Q2 ‘Better Than Expected’

Global workforce has fallen by 5,000 year over year due to cuts and hiring freeze

Mark Read headshot
WPP CEO Mark Read said the holding company had a 'productive six months in a challenging environment' during its quarterly earnings call.WPP
By Minda Smiley

August 27, 2020

WPP’s organic revenue fell 15% in the second quarter of this year in large part due to the economic impact of Covid-19, but CEO Mark Read said the holding company has fared better than he initially predicted when the pandemic first took hold.

Minda Smiley

Minda Smiley is deputy Agencies editor at Adweek.

Recommended articles
You Might Like

7 Reasons Marketers Should Be Optimistic as Post-Pandemic Recovery Begins

By Matthew Tilley, Senior Director of Content Marketing, Valassis, a Vericast Business

Top 5 Takeaways From Google Marketing Livestream 2021

By Jerry Dischler

Your Guide to What the Savviest Shoppers Really Want

By Honey

The Future of the Media Industry Starts With Customer Experience

By Salesforce

{"channel":"elasticpress","title":"Recommended","post_types":["post","page"],"lineup_id":"54851","since_qty":30,"since_time":"d","until_qty":0,"until_time":"m","q":"","num_posts":0,"vertical":"agencies"}