Daniel Farey-Jones
Jan 07, 2011

WPP overtakes Omnicom as biggest marketing group

WPP last year registered the largest revenue for a global publicly listed marketing services company, pushing Omnicom out of the top spot.

WPP overtakes Omnicom as biggest marketing group

WPP last year registered the largest revenue for a global publicly listed marketing services company, pushing Omnicom out of the top spot.

The UK-based group led by chief executive Sir Martin Sorrell (pictured) was helped by its acquisition of top tier market research company TNS in October 2008.

The addition led to a 13% increase in WPP's calendar year revenue – from $10.7bn in 2008 to $12.1bn in 2009.

View full table of financial results

US-based Omnicom suffered a 12% drop in revenue from $13.4bn in 2008 to $11.7bn in 2009 as, along with the rest of the industry, it was hit by reduced client spend.

However, Omnicom was the most profitable company in the rankings, which were compiled by Marketing Services Financial Intelligence.

Despite Omnicom's post-tax profit falling 21% and WPP's holding steady, the former weighed in with a figure of $793m to the latter's $666m.

Publicis Groupe claimed third place from US-based Interpublic in revenue terms, with just a 4% drop to $6.4bn compared to Interpublic's 13% drop to $6bn.

Japan's Dentsu, France's Havas and the UK's Aegis occupied the next three places.

Dentsu was strong on profitability, with post-tax profits of $341m outstripping the combined profits of Havas, Interpublic and Aegis.

It placed fourth in the ranking of post-tax profits after Publicis Groupe, which earned $573m.

 

Source:
Campaign India

Related Articles

Just Published

2 days ago

Engineers India scouts for creative partners

Expressions of interest have been invited from eligible advertising agencies to execute branding and non-branding communications jobs for the Government of India undertaking.

2 days ago

India's IAA chapter launches campaign to combat ...

As the general elections enter their final stretch, the campaign is leveraging a series of digital posters to motivate the public to cast their votes for the issues that matter most to them and to society.

2 days ago

From niche to mainstream: The rapid rise of the ...

With the creator economy touted to reach $480 billion by 2027, its emergence has undeniably changed marketing plans and reshaped the future. KlugKlug's co-founder and CEO Kalyan Kumar explains.

2 days ago

Why international airlines want a piece of Air ...

Leveraging gen AI to develop a chatbot has been an important facet of Air India’s digital transformation. The Silicon Valley-based chief technology officer of the airline talks to Campaign about the process of developing and besting the chatbot.