Publicis Groupe third quarter revenue drops while APAC organic growth declines

October 20, 2017 10:17

Publicis Groupe has reported a slide in global revenue for the third quarter.

The French-owned advertising and media giant said in its revenue statement, which didn’t break out costs, profit or EBITDA, that the company’s income had shrunk from US$2.7 billion to US$2.6 billion year-on-year in Q3 – a fall of 2.2 per cent.

In June the company announced it was launching a 12 month embargo on entering awards to save costs, which it signalled it would instead spend on developing an AI platform.

However, organic sales at the end of September rose by 1.2 percent on an organic basis to US$2.67 billion following a 0.8 percent rise in the second quarter.

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Eleanor Dickinson

Eleanor Dickinson a journalist at Mumbrella in Sydney. She is the former editor of Mumbrella Asia and has previously worked for Campaign Middle East in Dubai.

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Arthur Sadoun Publicis Groupe

1 COMMENTS

Open Mike 20 Oct 17

The reality is all holding companies are under signifcant pressure, but Publicis, more than the others, seem to lurch from one mircale cure to the next. Merger, digital acqusition, integration, restrucutre, data spine. Its hard to really understand what their business strategy is…

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