WPP: US, UK communications services markets hit hardest by financial crisis

Share this content:

Communications holding group WPP Group reported revenues rose by 16.2% in the third quarter ended September 30. On a constant currency basis, revenues were up 6%.

North America was the weakest region, with flat revenues compared to a growth rate of 6% in the first half. The financial crisis has had the biggest impact on the communications services markets of the US and UK, according to WPP.

WPP won new business billings worth $1.726 billion during the third quarter.

By sector, revenues were up over 7% for advertising and media investment management and public relations and public affairs; up 4.4% for branding & identity, healthcare and specialist communications (which includes its DM agencies OgilvyOne, 141 Worldwide, Wunderman, RMG Connect and G2), and up 4% for information, insight and consultancy.

In the first nine months of 2008, reported revenues increased 14.9%. In constant currencies, revenues were up 7.4% during the same period
close

Next Article in Agency

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above