WPP posts £3.46bn revenue in Q1; on track to deliver full-year guidance

Advertising holding company WPP said that it’s on track to deliver its full-year guidance for 2023, after posting an 11.9% reported increase in revenue in the first quarter.

[click to enlarge]: Overview of WPP Q1 earnings

The group delivered £3.46 billion (A$6.52 billion) in revenue during the period. While the revenue growth rate on a reported basis was faster than the last corresponding period‘s 6.7%, it was slower on a like-for-like basis (4.9%) compared to last year’s 8.1%.