Advertising giant WPPQ3 resumes growth and maintains full-year performance guidance
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The world's largest advertising group WPP announced its third-quarter performance for 2024, with revenue of 2.765 billion pounds, a year-on-year increase of 0.5%, better than expected. Despite short-term trading difficulties, WPP maintains its full-year performance guidance, expecting revenue growth to be between -1% and 0%. CEO Mark Read pointed out that the luxury, automotive, and fast-moving consumer goods industries are facing macro pressures, but revenue from the top ten clients and the technology sector clients has increased. WPP's stock price rose nearly 4% in pre-market trading on the US stock market
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