Omnicom beats quarterly revenue estimates on advertising heft.

Omnicom, a leading global advertising and communication firm, has reported a decrease in PR agency revenue for the fourth quarter of 2023, down by 2.9%, and 0.8% for the full year. Despite this, the company has seen increases in advertising & media (9.3%), healthcare (3.6%), and commerce & branding (1%) for the year. Omnicom's total revenue increased 4.4% to $4 billion in the three months ending December 31st, 2023, with the firm's full-year 2023 revenue rising 4.1% to $14.7 billion.

February 06, 2024
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