WPP stock slumps 15% as ad spending takes a back seat, pushing 2024 revenues down
Global ad giant WPP reported lower-than-expected full-year revenue, sending its share price tumbling up to 18%, as it struggles to keep pace with rivals amid cost-cutting in the adtech industry. The company behind VML and Ogilvy saw revenues fall nearly 1% from £14.
Ad Giant WPP Stock Sinks on Weak Revenue Outlook
U.S.-listed shares of WPP sank 15% Thursday when the giant advertising firm's revenue declined and it gave soft guidance as North America and China sales slid.
WPP shares slump as revenue worsens and headcount drops by 6000
WPP, with a 1% decline, was the last of the big four groups to report annual revenues. Publicis Groupe increased organic revenues by 5.8%, Omnicom grew 5.2% (although it does not deduct pass-through costs) and Interpublic was up 0.2%.
Why Is Ad Giant WPP Stock Falling Today?
WPP FY Revenue declined by 0.7% Y/Y, adjusted operating cash flow increased to £1.46B, and net debt stood at £1.7B.
WPP stock drops over 17% as weak Q4 results and 2025 outlook disappoint
Investing.com -- WPP’s stock has tumbled more than 17% on Thursday following disappointing fourth-quarter 2024 results and weaker-than-expected outlook for 2025.
WPP's organic revenue drops 1% after weak final quarter
British ad group WPP reported a worse-than-expected 1.0% decline in full-year organic revenue after a disappointing final quarter, when it said it was hit by weaker client discretionary spend in its home market,
WPP Stock Plunges 15%. It’s Screaming Downturn After Domino’s, Krispy Kreme Warnings.
There have been a string of consumer-focused companies that have issued guidance that investors found disappointing.
WPP slips Thursday, underperforms market
WPP PLC closed 28.55% below its 52-week high of £9.03, which the company achieved on December 9th.
Down 19%! This FTSE 100 stock was just having its worst day in 34 years
The WPP share price plunged in double digits in the FTSE 100 index today. But will this writer take advantage of the very ...
devdiscourse10h
Rolls-Royce and LSEG Propel FTSE 100 Amid Market Fluctuations
British stocks ended mixed, with the FTSE 100 lifted by Rolls-Royce and LSEG's optimistic forecasts, while Ocado's slower ...
WPP Outlook In Focus -- Earnings Preview
WPP is scheduled to report results for the fourth quarter and 2024 on Thursday. Here is what you need to know. REVENUE FORECAST: The owner of agencies including GroupM, VML and Ogilvy is expected to ...
Stocks to Watch Thursday: Nvidia, Salesforce, Snowflake, WPP
The AI chip maker reported sharply higher quarterly sales and profit, but a narrower profit margin. Shares were little changed in early premarket ...
Rolls-Royce boosts FTSE 100 as shares soar on profit upgrade
Shares in the engine manufacturer soared by more than 15% after it also said it would buy back about £1 billion of stock from ...
The world’s largest advertising company says revenue may fall. The stock is getting hammered.
WPP, the world’s largest advertising company, saw its shares plunge on Wednesday after it forecast that sales may drop this ...