
Omnicom Group Inc. (OMC) reported strong financial results for the third quarter of 2024, driven by robust growth in its advertising segment ahead of the U.S. elections. The company posted earnings per share (EPS) of $2.03, slightly above the estimated $2.02. Revenue for the quarter reached $3.9 billion, surpassing the expected $3.79 billion. Omnicom achieved 6.5% organic revenue growth and 7.9% EBITA growth, with an operating income of $600.1 million and an EBITA of $622.3 million, reflecting a 16.0% margin. Net income for the quarter was $385.9 million. Operating expenses increased by $265.2 million, or 8.8%. The company's shares were mixed to unchanged following the earnings announcement. The fiscal quarter ended on Sept. 30, and organic growth was slightly higher than last quarter’s 5.2%.



Omnicom reported $3.9 billion in revenue for its fiscal quarter ending Sept. 30. Organic growth was up 6.5% year over year, coming in slightly higher than last quarter’s 5.2% organic growth. https://t.co/HFjlgvKtiX
Omnicom beats quarterly results estimates on strong growth in ad segment https://t.co/cBzWHEgie5 https://t.co/u3FM66WL1M
📊📈 Omnicom beats Q3 estimates on strong ad segment growth ahead of U.S. elections Tickers of interest: $OMC $IPG $WPP Full Story → https://t.co/kuwogb4GkX https://t.co/DBN6u2zoWk