
WPP reported a 23.6% decline in revenue to $2.4 billion for the full year 2024, with a net loss after tax of $506.7 million compared to a profit of $130.1 million in 2023. Earnings per share fell to -1.17 from 0.31 the previous year. The company also experienced a $442.5 million cash outflow from operations and a 10.7% decrease in total assets to $7.2 billion. Despite these results, CEO Mark Read maintained the company's guidance but cautioned about the impact of tariff disruptions on the market. In Q1 2025, WPP's revenue declined by 5%, though client budgets remained relatively stable. Read expressed optimism about GroupM's potential to enhance WPP's performance going forward. Meanwhile, other companies reported varied results: ATG saw drops in both revenue and profits in Q1 2025 attributed to recent tax increases in Sweden, but CEO Hasse Lord Skarplöth remains confident in a return to growth. Evoke reported single-digit revenue growth to £437.2 million in Q1 2025, falling short of its 5-9% target, though CEO Per Widerström expects to meet full-year growth goals. Svenska Spel Tur experienced a 73.1% profit increase in Q1 despite a slight revenue decline, with CEO Anna Johnson optimistic about future investments.



WPP CEO Mark Read expressed optimism about GroupM's potential to improve the holding company's performance, despite reporting a 5% revenue decline in Q1 2025. https://t.co/HaF3XdWBHw
Following disappointing 2024 financial results, WPP’s revenue took another hit in Q1 2025. Although tariff chaos engulfed the market in the first three months of the year, chief executive (CEO) Mark Read told investors that client budgets had not been hugely impacted.
It was a positive Q1 for @svenskaspeltur as profits jumped 73.1% during the period, despite a slight dip in revenues - with CEO Anna Johnson optimistic about future investment opportunities across the group https://t.co/FHFa8yZdGT https://t.co/FHFa8yZdGT