Author: Amanda Granath

The Omnicom Cove returned to Cannes Lions International Festival of Creativity, the world’s most prestigious advertising awards. Omnicom colleagues, clients, and partners gathered at the Omnicom Cove to connect, collaborate, and celebrate for the second year. Each day we dove into provocative discussions around five main themes: AI, Content, Commerce and the New Consumer, Creativity, and Talent. Our expert speakers took the stage to announce partnerships, celebrate campaigns that are moving the industry forward, and inspire with state-of-the-art technology.

Candid Cannes also returned with a reimagined show for 2024. We explored the story behind the strategy, invited guests to take part in the daily debate, dived into AI, built with brand leaders, and showcased the latest from our partners.

Head to http://cannes.omnicomgroup.com to watch our sessions at the Cove and explore insights from the week below.

Take a glimpse into some of our agencies incredible work featured at Cannes Lions 2024.

NEW YORK, July 18, 2024 /PRNewswire/ — The Board of Directors of Omnicom (NYSE: OMC) declared a quarterly dividend of 70 cents per outstanding share of the corporation’s common stock. The dividend is payable on October 11, 2024 to Omnicom common shareholders of record at the close of business on September 20, 2024.

About Omnicom
Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom’s iconic agency brands are home to the industry’s most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com. 

SOURCE Omnicom Group Inc.

Revenue of $3.9 billion, with organic growth of 5.2%

Net income of $328.1 million

Diluted earnings per share of $1.65; $1.95 Non-GAAP adjusted

Non-GAAP adjusted EBITA of $589.6 million and 15.3% margin

NEW YORK, July 16, 2024 /PRNewswire/ — Omnicom (NYSE: OMC) today announced results for the quarter ended June 30, 2024.

“Our 5.2% organic growth in the second quarter drove solid growth in adjusted EBITA & EPS, with good performance in our larger markets and disciplines,” said John Wren, Chairman and Chief Executive Officer of Omnicom. “With the rapid adoption of Gen AI, creativity and talent matter more than ever to address the breadth and complexity of consumers.  To serve our clients with the best, most advanced capabilities, we continue to strategically align our agencies and invest in robust data and technology, scaled content and production, e-commerce, and retail and performance media – all embedded in our industry-leading Omni platform.”

Second Quarter 2024 Results

Revenue
Revenue in the second quarter of 2024 increased $243.9 million, or 6.8%, to $3,853.8 million. Worldwide revenue growth in the second quarter of 2024 compared to the second quarter of 2023 was led by an increase in organic revenue of $188.3 million, or 5.2%. Acquisition revenue, net of disposition revenue, increased revenue by $93.0 million, or 2.6%, primarily due to the Flywheel Digital acquisition in the Precision Marketing discipline during the first quarter of 2024. The impact of foreign currency translation reduced revenue by $37.4 million, or 1.0%.

Organic growth by discipline in the second quarter of 2024 compared to the second quarter of 2023 was as follows: 7.8% for Advertising & Media, 17.6% for Experiential, 2.0% for Healthcare, 1.4% for Precision Marketing, 0.9% for Public Relations, and 1.2% for Execution & Support, partially offset by a decline of 3.8% for Branding & Retail Commerce.

Organic growth by region in the second quarter of 2024 compared to the second quarter of 2023 was as follows: 6.3% for the United States, 4.5% for Euro Markets & Other Europe, 6.9% for the United Kingdom, 24.5% for Latin America, and 8.0% for the Middle East & Africa, partially offset by declines of 0.1% for Asia Pacific and 8.3% for Other North America.

Expenses
Operating expenses increased $284.3 million, or 9.3%, to $3,343.5 million in the second quarter of 2024 compared to the second quarter of 2023.

Salary and service costs increased $182.3 million, or 7.0%, to $2,800.1 million. These costs tend to fluctuate with changes in revenue and are comprised of salary and related costs, which include employee compensation and benefits costs, freelance labor, third-party service costs, and third-party incidental costs. Salary and related costs increased $64.9 million, or 3.7%, to $1,836.9 million, primarily due to our acquisition of Flywheel Digital. Third-party service costs include third-party supplier costs when we act as principal in providing services to our clients. Third-party incidental costs that are required to be included in revenue primarily consist of client-related travel and incidental out-of-pocket costs, which are billed back to the client directly at our cost. Third-party service costs increased $95.3 million, or 13.3%, to $811.1 million, and third-party incidental costs increased $22.1 million, or 17.0%, to $152.1 million, both primarily as a result of organic growth.

Occupancy and other costs, which are less directly linked to changes in revenue than salary and service costs, increased $16.5 million, or 5.5%, to $314.2 million. The increase is primarily related to our acquisition activity during the year. Increased occupancy costs were partially offset by lower rent expense.

SG&A expenses increased $11.9 million, or 12.0%, to $111.0 million, primarily due to professional fees related to our acquisitions and investments in strategic initiatives.

Operating expenses in the second quarter of 2024 included $57.8 million of repositioning costs, primarily reflecting severance actions related to ongoing efficiency initiatives including strategic agency consolidation in our smaller international markets and the start of our centralized production strategy. Operating expenses in the second quarter of 2023 included a net decrease of $6.5 million related to the $78.8 million gain on disposition of a subsidiary, partially offset by real estate and other repositioning costs of $72.3 million.

Operating Income
Operating income decreased $40.4 million, or 7.3%, to $510.3 million in the second quarter of 2024 compared to the second quarter of 2023, and the related margin decreased to 13.2% from 15.3%. Operating income in the second quarter of 2024 was reduced by $57.8 million of repositioning costs, primarily related to severance. Operating income in the second quarter of 2023 was increased by $6.5 million related to the gain on disposition of a subsidiary of $78.8 million, partially offset by real estate and other repositioning costs of $72.3 million.

Interest Expense, net
Net interest expense in the second quarter of 2024 increased $14.3 million to $41.7 million compared to the second quarter of 2023. Interest expense increased $5.2 million to $62.7 million due primarily to higher outstanding debt, and interest income decreased by $9.1 million due primarily to lower average cash and short-term investment balances.

Income Taxes
Our effective tax rate for the three months ended June 30, 2024 decreased slightly period-over-period to 26.4% from 27.0%.

Net Income – Omnicom Group Inc. and Diluted Net Income per Share
Net income – Omnicom Group Inc. for the second quarter of 2024 decreased $38.2 million, or 10.4%, to $328.1 million compared to the second quarter of 2023. Diluted shares outstanding for the second quarter of 2024 decreased 1.5% to 198.5 million from 201.6 million as a result of net share repurchases. Diluted net income per share of $1.65 decreased $0.17, or 9.3%, from $1.82.  Non-GAAP Adjusted Net Income per Share – Diluted for the second quarter of 2024 increased $0.09, or 4.8%, to $1.95 from $1.86. Non-GAAP Adjusted Net Income per Share – Diluted in the second quarter of 2024 excluded $15.9 million of amortization of acquired and internally developed strategic platform assets and $42.9 million of repositioning costs primarily related to severance. Non-GAAP Adjusted Net Income per Share – Diluted in the second quarter of 2023 excluded $10.9 million of amortization of acquired and internally developed strategic platform assets and real estate and other repositioning costs of $54.5 million, partially offset by $55.9 million related to the gain on disposition of a subsidiary. We present Non-GAAP Adjusted Net Income per Share – Diluted to allow for comparability with the prior year period.

EBITA
EBITA decreased $33.6 million, or 5.9%, to $531.8 million in the second quarter of 2024 compared to the second quarter of 2023, and the related margin decreased to 13.8% from 15.7%. EBITA excluded amortization of acquired and internally developed strategic platform assets of $21.5 million and $14.7 million in the second quarter of 2024 and 2023, respectively.  Adjusted EBITA increased $30.7 million, or 5.5%, to $589.6 million in the second quarter of 2024 compared to the second quarter of 2023, and the related margin decreased to 15.3% from 15.5%.  Adjusted EBITA in the second quarter of 2024 excluded $57.8 million of repositioning costs primarily related to severance. Adjusted EBITA in the second quarter of 2023 excluded $78.8 million related to the gain on disposition of a subsidiary, partially offset by real estate and other repositioning costs of $72.3 million.

Risks and Uncertainties
Current global economic challenges, including geopolitical events, international hostilities, acts of terrorism, public health crises, high and sustained inflation in countries that comprise our major markets, high interest rates, and labor and supply chain issues could cause economic uncertainty and volatility. The impact of these issues on our business will vary by geographic market and discipline. We monitor economic conditions closely, as well as client revenue levels and other factors. In response to reductions in revenue, we can take actions to align our cost structure with changes in client demand and manage our working capital. However, there can be no assurance as to the effectiveness of our efforts to mitigate any impact of the current and future adverse economic conditions, reductions in client revenue, changes in client creditworthiness, and other developments.

Definitions – Components of Revenue Change
We use certain terms in describing the components of the change in revenue above. 

Foreign exchange rate impact: calculated by translating the current period’s local currency revenue using the prior period average exchange rates to derive current period constant currency revenue. The foreign exchange rate impact is the difference between the current period revenue in U.S. Dollars and the current period constant currency revenue.

Acquisition revenue, net of disposition revenue: Acquisition revenue is calculated as if the acquisition occurred twelve months prior to the acquisition date by aggregating the comparable prior period revenue of acquisitions through the acquisition date. As a result, acquisition revenue excludes the positive or negative difference between our current period revenue subsequent to the acquisition date, and the comparable prior period revenue and the positive or negative growth after the acquisition date is attributed to organic growth. Disposition revenue is calculated as if the disposition occurred twelve months prior to the disposition date by aggregating the comparable prior period revenue of disposals through such date. The acquisition revenue and disposition revenue amounts are netted in the description above.

Organic growth: calculated by subtracting the foreign exchange rate impact component and the acquisition revenue, net of disposition revenue component from total revenue growth.

Conference Call
Omnicom will host a conference call to review its financial results on Tuesday, July 16, 2024, starting at 4:30 p.m. Eastern Time.  A live webcast of the call, along with the related slide presentation, will be available at Omnicom’s investor relations website, investor.omnicomgroup.com, and a webcast replay will be made available after the call concludes.

Corporate Responsibility
At Omnicom, we are committed to promoting responsible practices and making positive contributions to society around the globe. Please explore our website (omnicomgroup.com/corporate-responsibility) for highlights of our progress across the areas on which we focus: Empower People, Protect Our Planet, Lead Responsibly.

About Omnicom
Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom’s iconic agency brands are home to the industry’s most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com.   

Non-GAAP Financial Measures
We present financial measures determined in accordance with generally accepted accounting principles in the United States (“GAAP”) and adjustments to the GAAP presentation (“Non-GAAP”), which we believe are meaningful for understanding our performance. We believe these measures are useful in evaluating the impact of certain items on operating performance and allows for comparability between reporting periods. EBITA is defined as earnings before interest, taxes, and amortization of acquired intangible assets and internally developed strategic platform assets, and EBITA margin is defined as EBITA divided by revenue. We use EBITA and EBITA margin as additional operating performance measures, which exclude the non-cash amortization expense of acquired intangible assets and internally developed strategic platform assets. We also use Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted EBITA, Adjusted EBITA Margin, Adjusted Income Tax Expense, Adjusted Net Income – Omnicom Group Inc. and Adjusted Net Income per diluted share – Omnicom Group Inc. as additional operating performance measures. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in accordance with GAAP. Non-GAAP financial measures as reported by us may not be comparable to similarly titled amounts reported by other companies.

Forward-Looking Statements
Certain statements in this document contain forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, from time to time, the Company or its representatives have made, or may make, forward-looking statements, orally or in writing. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial position, or otherwise, based on current beliefs of the Company’s management as well as assumptions made by, and information currently available to, the Company’s management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “should,” “would,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or similar words, phrases or expressions. These forward-looking statements are subject to various risks and uncertainties, many of which are outside the Company’s control. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include: adverse economic conditions, including those caused by geopolitical events, international hostilities, acts of terrorism, public health crises, high and sustained inflation in countries that comprise our major markets, high interest rates, and labor and supply chain issues affecting the distribution of our clients’ products; international, national, or local economic conditions that could adversely affect the Company or its clients; losses on media purchases and production costs incurred on behalf of clients; reductions in client spending, a slowdown in client payments, and a deterioration or disruption in the credit markets; the ability to attract new clients and retain existing clients in the manner anticipated; changes in client advertising, marketing, and corporate communications requirements; failure to manage potential conflicts of interest between or among clients; unanticipated changes related to competitive factors in the advertising, marketing, and corporate communications industries; unanticipated changes to, or the ability to hire and retain key personnel; currency exchange rate fluctuations; reliance on information technology systems and risks related to cybersecurity incidents; effective management of the risks, challenges and efficiencies presented by utilizing Artificial Intelligence (AI) technologies and related partnerships in our business; changes in legislation or governmental regulations affecting the Company or its clients; risks associated with assumptions the Company makes in connection with its acquisitions, critical accounting estimates and legal proceedings; the Company’s international operations, which are subject to the risks of currency repatriation restrictions, social or political conditions, and an evolving regulatory environment in high-growth markets and developing countries; and risks related to our environmental, social, and governance goals and initiatives, including impacts from regulators and other stakeholders, and the impact of factors outside of our control on such goals and initiatives. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that may affect the Company’s business, including those described in Item 1A, “Risk Factors” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2023 and in other documents filed from time to time with the Securities and Exchange Commission. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements.

Powered by Omni, the platform expands Omnicom’s intelligent content offering

NEW YORK, July 10, 2024 /PRNewswire/ — Omnicom today announced the launch of ArtBotAI, its next-generation intelligent content platform, which now leverages Gen AI large language models.

ArtBotAI solves a common CMO dilemma: how to efficiently optimize creative digital content at scale without sacrificing quality. ArtBotAI’s intelligent content orchestration platform, leveraging Gen AI models powered by Omni, assembles clients’ digital assets, to create and deliver high-quality personalized experiences.

“Elegance at scale—that was the original idea behind ArtBotAI,” said Paolo Yuvienco, Chief Technology Officer, Omnicom. “Brands are demanding more customized content at scale, but their content studios and one-off tools slow down, get more expensive, and lose out on quality and performance when they try to do more with them. There’s never been a core product that could integrate their creative assets, templates, MarTech, AdTech, AI, and first and third-party data. ArtBotAI replaces a messy ecosystem with something simple, beautiful and powerful to serve our client’s content needs.”

ArtBotAI’s footprint stretches across North America, LATAM, EMEA and APAC. Alissa Hansen, Chief Product Officer, leads ArtBot and will oversee the global roll-out of ArtBotAI.

“Our clients want to maximize the value of their content as well the precision and performance of their media investments,” said Hansen. “This meticulously crafted offering will allow us to do just that. With the ability to adapt to existing client technology and powered by Omni, ArtBotAI will use creative engineering to deliver scaled content of the highest quality and provide a 360 view of content performance.”

As the next iteration, ArtBotAI embeds Gen AI capabilities into the platform to drive more efficiency and effectiveness when assembling clients’ content digital assets. Its Gen AI functionality comes from LLMs housed within Omni, which are a result of partnerships orchestrated at that enterprise level with the likes of Adobe, Amazon, Getty, Google and Microsoft (OpenAI).

Its development is part of Omnicom’s strategy to infuse Gen AI into every facet of its business to make its people more effective, its operations more efficient and to drive transformative outcomes for clients.

About Omnicom
Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom’s iconic agency brands are home to the industry’s most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com.

NEW YORK, July 9, 2024 /PRNewswire/ — Omnicom (NYSE: OMC) will publish its second quarter results on Tuesday, July 16, 2024 after the New York Stock Exchange close of trading. The company will also host a conference call to review such financial results on Tuesday, July 16, 2024, starting at 4:30 p.m. Eastern Time. A live webcast of the call will be available at Omnicom’s investor relations website, investor.omnicomgroup.com, along with the related earnings press release and slide presentation. A webcast replay will be made available after the call concludes.

About Omnicom

Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom’s iconic agency brands are home to the industry’s most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com.

SOURCE Omnicom Group Inc.

NEW YORK, June 5, 2024 /PRNewswire/ — Omnicom (NYSE: OMC) has been named the Most Effective Holding Group in the 2023 Effie Index®, the 13th annual ranking of the companies behind the world’s most effective marketing initiatives. This is the second time within the past three years that Omnicom has received the coveted global title.

As part of Omnicom’s strong performance, two of its agency networks placed in the top five of the Most Effective Agency Network category, with DDB Worldwide coming in second and BBDO Worldwide in fourth. AlmapBBDO (São Paulo) came out on top as the #1 Most Effective Agency Office globally.

At the regional level, Omnicom was named the #1 Holding Group in both Europe and Latin America, coming in the top three for North America and APAC. In Latin America, BBDO Worldwide and DDB Worldwide secured the top two spots for agency network and AlmapBBDO took the #1 spot for agency office.

“Creativity is always at our core, but to be extremely effective in today’s world, you must find bold ways to marry that with the latest data and technology. Winning this title is a testament to our people and clients around the world who are willing to try innovative ideas that push the industry forward and lead to strong results,” said John Wren, Chairman and CEO, Omnicom. “I want to thank our people across all regions for their commitment to effectiveness and for creating work that drives intelligent outcomes for our clients.”

The Effie Index identifies and ranks the most effective agencies, marketers, brands, networks, and holding companies by analyzing more than 4,750 finalist and winning entries from eligible global, regional, and national Effie Awards competitions around the world. Announced annually, it is the most comprehensive global ranking of marketing effectiveness. 

“Successful marketing is built on a culture of effectiveness, and this effectiveness is at the core of the Global Effie Index,” said Traci Alford, Global CEO, Effie Worldwide. “The companies and agencies included in this year’s rankings have demonstrated continued agility and creativity in delivering success for their brands across the globe. Omnicom secured its position with strong performances worldwide, achieving a top 3 ranking across Europe and LATAM, North America and APAC Regions. I would like to congratulate all the agency networks and teams involved for their dedication to delivering ideas that work.”

This ranking comes on the heels of several other 2023 industry accolades for Omnicom, including being named Holding Company of the Year by Ad Age, Cannes Lions, Gerety, MediaPost and The One Show. To learn more about the 2023 Effie Index®, visit effieindex.com.

About Omnicom

Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom’s iconic agency brands are home to the industry’s most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com. 

About Effie^® 
Effie leads, inspires and champions the practice and practitioners of marketing effectiveness globally. We work across 125 markets to deliver smart leadership, applicable insights, and the largest, most prestigious marketing effectiveness awards in the world. Winning an Effie has been a globally recognized symbol of outstanding achievement for over 50 years. We recognize the most effective brands, marketers, and agencies globally, regionally, and locally through our coveted effectiveness rankings, the Effie Index. Our ambition is to equip marketers everywhere with the tools, knowledge, and inspiration they need to succeed. 

For more details, visit effie.org. 

Effie Worldwide is a global 501c3 non-profit. 

Sergio Lopez to lead new Practice Area delivering best-in-class content production services

NEW YORK, June 5, 2024 /PRNewswire/ — Omnicom (NYSE: OMC) today announced the launch of Omnicom Production, a new Practice Area that will bring together Omnicom’s global production capabilities. Omnicom Production will encompass Omnicom Studios, eg+, Designory, Mother Tongue, Link9, and the production departments currently housed within the company’s creative networks and agencies. Sergio Lopez, one of the most progressive and awarded creative production leaders in the industry, will lead the new entity as CEO.

Omnicom Production is born from Omnicom’s leading creative and media agencies and engineered for a data driven world. It will provide scaled content solutions through its global network of studios powered by data-led technology. It reaffirms Omnicom’s commitment to crafting content across every touchpoint of the consumer journey that inspires and drives results.

At a time when brands feel like they must choose between creative and performance, Omnicom Production will be one of the largest production operations globally that can do both. It is the latest move by Omnicom to transform its content and production capabilities. In 2023, the company announced a first-of-its-kind partnership with Adobe to provide its networks and agencies enterprise access to Adobe’s Content Supply Chain solution. It then further invested in the area by acquiring the creative studio Coffee & TV and forming Omnicom Studios.

These newer offerings are connected to Omnicom’s longstanding internal solutions, which include Artbot, its intelligent content automation system, and Omni, its open operating system. To strengthen these tools and capitalize on the opportunities that AI and automation present to production services, it has also deepened its existing partnerships with Adobe, Amazon, Getty, Google and Microsoft and gained first-mover access to their Gen AI models.

“Omnicom Production represents another bold step in the evolution of our content production offering, and we are excited to embark on this journey with Sergio at the helm,” said John Wren, Chairman and CEO, Omnicom. “By unifying our production operations under one roof and connecting it to our data technology suite, we can provide our clients access to a wider range of talent, specialized skills, and services. This move will significantly accelerate how our clients can create content at scale in a simpler, more integrated and effective way.”

Headquartered in New York, Omnicom Production will initially launch in the U.S. and will leverage existing global capabilities. With more than 3,000 Omnicom professionals, it will have the talent and resources to drive innovation, invest in the latest tools, and expand its strategic partnerships.

“The need for global production that can efficiently deliver uncompromised, high-performing creative has never been greater. Omnicom’s agile production proposition meets this demand head on,” said Lopez. “Today, clients are demanding more customized content to be delivered across more media channels than ever before, and at faster speeds. Omnicom Production will offer them the scaling and optimizing they need for the modern world by bringing together diverse talent, skillsets, and the latest technologies.”

Sergio Lopez has been in the advertising production business for over twenty years, garnering over 500 industry awards. Over the past decade, he has led production efforts at the likes of McCann, Anomaly and, most recently Publicis Production as Global CEO. He has a demonstrated history of elevating both creative and production standards while helping lead diverse and talented teams. Lopez has a penchant for change management, content supply chain and technology. He has a proven track record of envisioning and creating models that combine efficiency and scale with award-winning craft, underpinned by technology.

About Omnicom
Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom’s iconic agency brands are home to the industry’s most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com.  

SOURCE Omnicom Group Inc.

DOHA, Qatar, May 30, 2024 /PRNewswire/ — Omnicom (NYSE: OMC) Chairman and CEO John Wren today named Mazen Abd Rabbo as Senior Vice President of the newly formed Omnicom Qatar. Abd Rabbo will oversee Omnicom’s agencies in the country, focusing on talent, cross agency collaboration, and innovation to drive growth in the Middle East.

Abd Rabbo will be responsible for bringing together the power of Omnicom to provide exceptional integrated solutions to meet the needs of current and prospective clients in Qatar and worldwide. He will leverage the top talent housed within Omnicom’s leading local agencies Auditoire, OMD, and OPRG agencies, and work in partnership with other Omnicom agencies in the Middle East to further strengthen the group’s comprehensive offering in Qatar.

“This is an exciting opportunity to build Omnicom’s presence in a country with real momentum. Qatar has wisely positioned itself within the region by taking a lead in international business while focusing on technology and entrepreneurship,” says John Wren, Chairman and CEO, Omnicom.

With an impressive tenure of more than 15 years in the event planning business and having resided in Qatar since 2008, Abd Rabbo has been integral to the execution of many of the country’s highest-profile events. Most recently, he held leadership positions at Omnicom’s event marketing agency Auditoire, serving as Vice President for the Middle East and Managing Director of the Qatar office. His expertise extends across a broad spectrum of industry sectors and has provided a vast range of abilities, including planning national legacy and cultural events, boosting tourism through large-scale sports ceremonies and fan zones, curating luxury brand exhibitions, and exploring the technology space.

Wren continues, “By centralizing the leadership under Mazen, we can continue to build on our agencies’ strong foundations while coming together as Omnicom to deliver a wider breadth of capability and scale for our clients in Qatar and globally. Mazen brings deep expertise in the region, and I am confident our Qatar operations is primed to thrive under his leadership.”

Speaking about this development, Mazen Abd Rabbo said, “I’m thrilled to begin this exciting new chapter at the helm of Omnicom Qatar. The country has witnessed tremendous growth during my time in Doha, and the future looks incredibly promising. Omnicom’s presence in the market will undoubtedly flourish, with its wealth of talented individuals and communication experts whom I am proud to represent in Qatar.”

About Omnicom
Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom’s iconic agency brands are home to the industry’s most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com. 

NEW YORK, May 15, 2024 /PRNewswire/ — Omnicom (NYSE: OMC) today announced it has been named a Leader in “The Forrester Wave™: Commerce Services, Q2 2024” by Forrester Research, Inc.

Within Forrester’s 24-criterion evaluation, Omnicom received the highest scores possible in 12 criteria, including commerce strategy, vision, innovation, retail media, platforms, data / analytics / AI, online and retail marketplaces, in-store services, partner ecosystem, and awards and creativity.

This recognition follows Omnicom’s January 2024 acquisition of Flywheel Digital, a global leader in digital commerce. The addition of Flywheel established Omnicom as one of the world’s largest buyers of retail media and solidified Omnicom’s position as a global leader in end-to-end commerce experiences across hundreds of retailers and digital marketplaces, including Amazon, Walmart, Target, Alibaba, and more. 

Flywheel builds upon the award-winning creative and omnichannel capabilities of Omnicom Commerce Group and the commerce technology leadership of Credera, Omnicom’s digital transformation consultancy. With these combined capabilities, Omnicom has become a commerce powerhouse that helps clients accelerate into the rapidly expanding digital commerce and retail media sectors.

The Forrester evaluation noted that Omnicom “has acquired its way to a dominant position in the market, bringing Flywheel Digital and Credera into its marketplace platform and technology services to offer managed services for commerce operations and technology. Its enhanced portfolio keeps creativity and content at the core, but it’s now strengthened with more data and performance-based experiences.”

“Our ranking in this Forrester Wave™ reaffirms our decision to acquire Flywheel and add it to our Omni platform, strategic commerce offerings, and best-in-class talent,” said John Wren, Chairman and CEO of Omnicom. “Our position as a leader proves our ability to orchestrate intelligent outcomes for our clients and keep pace with the evolution of our industry.”

Omnicom’s commerce offering is powered by Omni, its AI-powered open operating system, and Flywheel Commerce Cloud, a leading cloud-based digital commerce platform across the world’s major digital marketplaces. By connecting Flywheel Commerce Cloud’s product and transactional data with Omni’s audience and behavioral data, Omnicom provides its clients a highly sophisticated solution for maximizing retail media effectiveness, driving product sales and profitability.

“Compared with others evaluated, Omnicom shows strategic strength in its partner ecosystem, offering extensive commerce platform support and marketplace presence,” the report continued. “Supported by its strong Omni platform and its surprisingly (to us) large commerce and technology workforce, Omnicom is accelerating into commerce.”

About Omnicom
Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom’s iconic agency brands are home to the industry’s most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com.  

SOURCE Omnicom Group Inc.

NEW YORK, May 15, 2024 /PRNewswire/ — Omnicom Group Inc. (NYSE: OMC) today announced that it will present at the J.P. Morgan Global Technology, Media and Communications Conference in Boston, Massachusetts on Tuesday, May 21, 2024 at 11:30 a.m. Eastern Time.  Live and archived webcasts will be available in the investor relations section of www.omnicomgroup.com.

About Omnicom
Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom’s iconic agency brands are home to the industry’s most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com.

SOURCE Omnicom Group Inc.

MUMBAI, India, May 8, 2024 /PRNewswire/ — Omnicom (NYSE: OMC) today announced the expansion of its Global Solutions Centers of Excellence with the opening of three new campus locations in Bengaluru, Chennai, and Gurugram. A fourth location will be opened in Hyderabad in October. This significant investment reaffirms Omnicom’s commitment to expanding its presence in India’s fast-growing economy, tapping into its diverse talent, and continuing to drive innovation and enhance client services across the company.

Designed to accommodate Omnicom’s expanding footprint and global client solutions capabilities, these centers of excellence will house a diverse talent pool of over 5,500 colleagues. The newly built, state-of-the-art offices will provide best-in-class collaborative environments for Omnicom’s talent in India. Through their expertise in media, data and analytics, creative, digital commerce, marketing technology, and AI, Omnicom’s Global Solutions Centers will support our agencies around the world, driving more value and efficiencies for our clients.

“India is a country of creativity and technology with diverse, dynamic and talented people,” said John Wren, Chairman and CEO, Omnicom. “Our India operations are helping us transform from within, improving our client offerings and providing operating efficiencies. We are rapidly scaling and will continue to increase the number of colleagues in Omnicom’s Global Solutions Centers over the next few years, making them a key component of Omnicom’s growth.”

About Omnicom
Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom’s iconic agency brands are home to the industry’s most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com. 

NEW YORK, May 7, 2024 /PRNewswire/ — The Board of Directors of Omnicom (NYSE: OMC) declared a quarterly dividend of 70 cents per outstanding share of the corporation’s common stock. The dividend is payable on July 9, 2024 to Omnicom common shareholders of record at the close of business on June 10, 2024.

About Omnicom
Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom’s iconic agency brands are home to the industry’s most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com. 

SOURCE Omnicom Group Inc.

NEW YORK, April 30, 2024 /PRNewswire/ — Omnicom (NYSE: OMC) today announced it is funding a new scholarship for Mercer University students pursuing a journalism major within the College of Liberal Arts and Sciences. Titled the Omnicom Reg Murphy Scholarship in Journalism, the scholarship will be awarded to up to 10 students annually for the next 10 years.

Omnicom Chairman and CEO John Wren is a longtime friend of J. Reginald “Reg” Murphy. The scholarship was born out of their bond and Murphy’s long-time service to Omnicom as a former independent director on the company’s board.

Murphy is a loyal Mercer alumnus and supporter, having served five terms on the University’s Board of Trustees. He received the Distinguished Alumnus Award in 1971 and was awarded an honorary Doctor of Laws degree from the University in 1975.

In addition, Murphy and his wife, Diana, have been big supporters of several areas of the University, including the Mercer Athletic Foundation, the College of Liberal Arts and Sciences and Mercer University Press. In December 2023, Mercer’s Center for Collaborative Journalism was formally named the Reg Murphy Center for Collaborative Journalism in recognition of Murphy’s contributions to the profession and his alma mater.

“This scholarship acknowledges Reg’s impact on journalism as well as encourages students who are eager to make their own mark,” said Wren. “Mercer, Omnicom and close associate Terry Adamson will work together to identify high achievers who display a passion for journalism and a determination to excel. We look forward to creating a bridge between Mercer’s journalism students and the professional opportunities available at Omnicom.”

In addition to the scholarships provided, Omnicom will supply a limited number of student internship opportunities for journalism majors at various Omnicom offices in Atlanta and the New York region.

The scholarship will provide financial support to Mercer students pursuing a degree in journalism and will further strengthen the school’s commitment to creating leaders who make a positive difference in the world. Juniors or seniors who have demonstrated engagement in the major and shown aptitude and curiosity in journalism and media studies will be eligible for the scholarship. As part of the application process, candidates will describe their interest in the profession and detail their involvement in the Reg Murphy Center for Collaborative Journalism. Applications will open in the Fall of 2024.

About Omnicom
Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom’s iconic agency brands are home to the industry’s most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com. 

About the Reg Murphy Center for Collaborative Journalism
The Reg Murphy Center for Collaborative Journalism (CCJ) is a unique partnership between Mercer University, The Telegraph, Georgia Public Broadcasting and 13WMAZ, with generous support from the John S. and James L. Knight Foundation and The Peyton Anderson Foundation. The Center’s groundbreaking collaboration has students, faculty and veteran journalists working together in a joint newsroom. Learning in a “teaching hospital” model, students engage the community using the latest digital tools and leave with a strong portfolio of published work. Learn more at ccj.mercer.edu.

About Mercer University
Founded in 1833, Mercer University is a dynamic and comprehensive center of undergraduate, graduate and professional education. With more than 9,100 students enrolled in 12 schools and colleges, on major campuses in Macon and Atlanta; medical school sites in Macon, Savannah and Columbus; and at regional academic centers in Henry and Douglas counties, Mercer is ranked among the top tier and best values of national research universities by U.S. News & World Report. The Mercer Health Sciences Center includes the University’s School of Medicine and Colleges of Nursing, Health Professions and Pharmacy. Mercer is affiliated with six teaching hospitals – Atrium Health Navicent The Medical Center and Piedmont Macon Medical Center in Macon; Memorial Health University Medical Center in Savannah; Piedmont Columbus Regional Hospital and St. Francis-Emory Healthcare in Columbus; and SGMC Health in Valdosta. The University also has an educational partnership with Robins Air Force Base in Warner Robins. It operates an academic press and a performing arts center in Macon and an engineering research center in Warner Robins. Mercer Medicine, the clinical faculty practice of the School of Medicine, is based in Macon and operates additional clinics in Sumter, Clay, Putnam, Harris, Taylor and Glynn counties. Mercer is one of only 293 institutions nationwide to shelter a chapter of The Phi Beta Kappa Society, the nation’s most prestigious academic honor society; one of eight institutions to hold membership in the Georgia Research Alliance; and the only private university in Georgia to field an NCAA Division I athletic program. www.mercer.edu.

SOURCE Omnicom Group Inc.

Revenue of $3.6 billion, with organic growth of 4.0%

Diluted earnings per share of $1.59; $1.67 Non-GAAP adjusted

Operating income of $478.9 million and 13.2% margin

EBITA of $500.4 million and 13.8% margin

NEW YORK, April 16, 2024 /PRNewswire/ — Omnicom (NYSE: OMC) today announced results for the quarter ended March 31, 2024.

“Omnicom began the year with solid organic revenue growth of 4.0%, led by continued strength in our advertising & media and precision marketing disciplines, including Flywheel Digital,” said John Wren, Chairman and Chief Executive Officer of Omnicom. “We are uniquely able to combine marketing and sales solutions with a seamless set of information signals to turn our award-winning creativity into measurable dynamic business outcomes for our clients.  Our industry-leading tools and platforms, combined with the strength of our operating leadership, has led to our excellent new business performance and, when combined with the new opportunities we are pursuing, give us great confidence in the future.”

First Quarter 2024 Results

Revenue
Reported revenue in the first quarter of 2024 increased $187.2 million, or 5.4%, to $3,630.5 million. Worldwide revenue growth in the first quarter of 2024 compared to the first quarter of 2023 was led by an increase in organic growth of $136.9 million, or 4.0%. Acquisition revenue, net of disposition revenue, increased revenue by $53.0 million, or 1.5%, primarily due to the Flywheel Digital acquisition in the Precision Marketing discipline. The impact of foreign currency translation reduced revenue by $2.7 million, or 0.1%.

Organic growth by discipline in the first quarter of 2024 compared to the first quarter of 2023 was as follows: 7.0% for Advertising & Media, 4.3% for Precision Marketing, 9.5% for Experiential, and 2.1% for Healthcare, partially offset by declines of 4.3% for Execution & Support, 3.8% for Branding & Retail Commerce, and 1.1% for Public Relations.

Organic growth by region in the first quarter of 2024 compared to the first quarter of 2023 was as follows: 4.3% for the United States, 3.5% for Euro Markets & Other Europe, 22.3% for Latin America, 3.0% for Asia Pacific, 3.2% for the United Kingdom, and 1.1% for Other North America, partially offset by a decline of 4.2% for the Middle East & Africa.

Expenses
Operating expenses increased $54.8 million, or 1.8%, to $3,151.6 million in the first quarter of 2024 compared to the first quarter of 2023.

Salary and service costs increased $149.7 million, or 5.9%, to $2,692.6 million. These costs tend to fluctuate with changes in revenue and are comprised of salary and related costs, which include employee compensation and benefits costs, freelance labor, third-party service costs, and third-party incidental costs. Salary and related costs increased $69.3 million, or 3.9%, to $1,847.3 million, primarily due to an increase in headcount primarily as a result of our acquisition of Flywheel Digital. Third-party service costs include third-party supplier costs when we act as principal in providing services to our clients. Third-party incidental costs that are required to be included in revenue primarily consist of client-related travel and incidental out-of-pocket costs, which are billed back to the client directly at our cost. Third-party service costs increased $58.9 million, or 9.2%, to $698.2 million, and third-party incidental costs increased $21.5 million, or 17.1%, to $147.1 million, both primarily as a result of organic growth.

Occupancy and other costs, which are less directly linked to changes in revenue than salary and service costs, increased $22.5 million, or 7.7%, to $314.1 million. The increase is primarily related to our acquisition activity in the period. Increased occupancy costs were partially offset by lower rent expense.

SG&A expenses decreased $3.9 million, or 4.4%, to $85.3 million, primarily due to a decrease in administrative costs.

Operating Income
Operating income increased $132.4 million, or 38.2%, to $478.9 million in the first quarter of 2024 compared to the first quarter of 2023, and the related margin increased to 13.2% from 10.1%. In the three months ended March 31, 2023, the effect of real estate repositioning costs reduced operating income by $119.2 million and decreased operating margin by 3.4%.

Interest Expense, net
Interest expense was flat, offset by a decrease in interest income of $8.6 million due primarily to lower average cash and short-term investment balances. 

Income Taxes
Our effective tax rate for the three months ended March 31, 2024 increased period-over-period to 25.7% from 25.5%. The effective tax rate for 2024 includes the favorable impact from the resolution of certain tax positions of $7.5 million. The effective tax rate for the three months ended March 31, 2023 includes the favorable impact of approximately $10.0 million of previously unrecognized tax benefits, partially offset by approximately $6.0 million related to a lower tax benefit in certain jurisdictions for the real estate repositioning costs in the quarter, and an increase in the U.K. statutory tax rate.

Net Income – Omnicom Group Inc. and Diluted Net Income per Share
Net income – Omnicom Group Inc. for the first quarter of 2024 increased $91.1 million, or 40.0%, to $318.6 million compared to the first quarter of 2023. Diluted shares outstanding for the first quarter of 2024 decreased 2.2% to 200.1 million from 204.5 million as a result of net share repurchases. Diluted net income per share of $1.59 increased $0.48, or 43.2%, from $1.11. The first quarter 2023 included $119.2 million ($91.0 million after-tax, $0.45 per diluted share) related to real estate repositioning costs.

Beginning with the three months ended March 31, 2024, Non-GAAP Adjusted Net Income per Share – Diluted excludes the effect of after-tax amortization of acquired intangible assets and internally developed strategic platform assets.  For the three months ended March 31, 2024, Non-GAAP Adjusted Net Income per Share – Diluted of $1.67 increased $0.06 or 3.7%, from Non-GAAP Adjusted Net Income per Share – Diluted of $1.61 in the first quarter of 2023. We present Non-GAAP Adjusted Net Income per Share – Diluted to allow for comparability with the prior year period.

EBITA
Adjusted EBITA increased $19.9 million, or 4.1%, to $500.4 million in the first quarter of 2024 compared to the first quarter of 2023, and the related margin decreased to 13.8% from 14.0%.

Risks and Uncertainties
Current global economic challenges, including geopolitical events, international hostilities, acts of terrorism, public health crises, high and sustained inflation in countries that comprise our major markets, high interest rates, and labor and supply chain issues could cause economic uncertainty and volatility. The impact of these issues on our business will vary by geographic market and discipline. We monitor economic conditions closely, as well as client revenue levels and other factors. In response to reductions in revenue, we can take actions to align our cost structure with changes in client demand and manage our working capital. However, there can be no assurance as to the effectiveness of our efforts to mitigate any impact of the current and future adverse economic conditions, reductions in client revenue, changes in client creditworthiness, and other developments.

Definitions – Components of Revenue Change
We use certain terms in describing the components of the change in revenue above. 

Foreign exchange rate impact: calculated by translating the current period’s local currency revenue using the prior period average exchange rates to derive current period constant currency revenue. The foreign exchange rate impact is the difference between the current period revenue in U.S. Dollars and the current period constant currency revenue.

Acquisition revenue, net of disposition revenue: Acquisition revenue is calculated as if the acquisition occurred twelve months prior to the acquisition date by aggregating the comparable prior period revenue of acquisitions through the acquisition date. As a result, acquisition revenue excludes the positive or negative difference between our current period revenue subsequent to the acquisition date, and the comparable prior period revenue and the positive or negative growth after the acquisition date is attributed to organic growth. Disposition revenue is calculated as if the disposition occurred twelve months prior to the disposition date by aggregating the comparable prior period revenue of disposals through such date. The acquisition revenue and disposition revenue amounts are netted in the description above.

Organic growth: calculated by subtracting the foreign exchange rate impact component and the acquisition revenue, net of disposition revenue component from total revenue growth.

Conference Call
Omnicom will host a conference call to review its financial results on Tuesday, April 16, 2024, starting at 4:30 p.m. Eastern Time.  A live webcast of the call, along with the related slide presentation, will be available at Omnicom’s investor relations website, investor.omnicomgroup.com, and a webcast replay will be made available after the call concludes.

Corporate Responsibility
At Omnicom, we are committed to promoting responsible practices and making positive contributions to society around the globe. Please explore our website (omnicomgroup.com/corporate-responsibility) for highlights of our progress across the areas on which we focus: Empower People, Protect Our Planet, Lead Responsibly.

About Omnicom
Omnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom’s iconic agency brands are home to the industry’s most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com. 

Non-GAAP Financial Measures
We present financial measures determined in accordance with generally accepted accounting principles in the United States (“GAAP”) and adjustments to the GAAP presentation (“Non-GAAP”), which we believe are meaningful for understanding our performance. We believe these measures are useful in evaluating the impact of certain items on operating performance and allows for comparability between reporting periods. EBITA is defined as operating income before interest, taxes, and amortization of acquired intangible assets and internally developed strategic platform assets, and EBITA margin is defined as EBITA divided by revenue. We use EBITA and EBITA margin as additional operating performance measures, which exclude the non-cash amortization expense of acquired intangible assets and internally developed strategic platform assets. We also use Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted EBITA, Adjusted EBITA Margin, Adjusted Income Tax Expense, Adjusted Net Income – Omnicom Group Inc. and Adjusted Net Income per diluted share – Omnicom Group Inc. as additional operating performance measures. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in accordance with GAAP. Non-GAAP financial measures as reported by us may not be comparable to similarly titled amounts reported by other companies.

Forward-Looking Statements
Certain statements in this document contain forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, from time to time, the Company or its representatives have made, or may make, forward-looking statements, orally or in writing. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial position, or otherwise, based on current beliefs of the Company’s management as well as assumptions made by, and information currently available to, the Company’s management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “should,” “would,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or similar words, phrases or expressions. These forward-looking statements are subject to various risks and uncertainties, many of which are outside the Company’s control. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include: adverse economic conditions, including those caused by geopolitical events, international hostilities, acts of terrorism, public health crises, high and sustained inflation in countries that comprise our major markets, high interest rates, and labor and supply chain issues affecting the distribution of our clients’ products; international, national, or local economic conditions that could adversely affect the Company or its clients; losses on media purchases and production costs incurred on behalf of clients; reductions in client spending, a slowdown in client payments, and a deterioration or disruption in the credit markets; the ability to attract new clients and retain existing clients in the manner anticipated; changes in client advertising, marketing, and corporate communications requirements; failure to manage potential conflicts of interest between or among clients; unanticipated changes related to competitive factors in the advertising, marketing, and corporate communications industries; unanticipated changes to, or the ability to hire and retain key personnel; currency exchange rate fluctuations; reliance on information technology systems and risks related to cybersecurity incidents; effective management of the risks, challenges and efficiencies presented by utilizing Artificial Intelligence (AI) technologies and related partnerships in our business; changes in legislation or governmental regulations affecting the Company or its clients; risks associated with assumptions the Company makes in connection with acquisitions, its critical accounting estimates and legal proceedings; the Company’s international operations, which are subject to the risks of currency repatriation restrictions, social or political conditions, and an evolving regulatory environment in high-growth markets and developing countries; and risks related to our environmental, social, and governance goals and initiatives, including impacts from regulators and other stakeholders, and the impact of factors outside of our control on such goals and initiatives. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that may affect the Company’s business, including those described in Item 1A, “Risk Factors” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2023 and in other documents filed from time to time with the Securities and Exchange Commission. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements.

NEW YORK, April 8, 2024 /PRNewswire/ — Omnicom (NYSE: OMC) will publish its first quarter results on Tuesday, April 16, 2024 after the New York Stock Exchange close of trading. The company will also host a conference call to review such financial results on Tuesday, April 16, 2024, starting at 4:30 p.m. Eastern Time.  A live webcast of the call will be available at Omnicom’s investor relations website, investor.omnicomgroup.com, along with the related earnings press release and slide presentation. A webcast replay will be made available after the call concludes.

About Omnicom
Omnicom (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms offer services in advertising, strategic media planning and buying, precision marketing, digital commerce, branding, experiential, public relations, healthcare marketing and other specialty communications services to over 5,000 clients in more than 70 countries.

SOURCE Omnicom Group Inc.

Omnicom joined leaders and experts across the industry for Adobe Summit 2024, a 3-day event of inspiring keynotes, with more than 200 breakout sessions, and hands-on labs.

Omnicom’s Adobe center of excellence, Credera, is one of the select few agencies in the world to hold Adobe Global Platinum Solution Partner status in addition to achieving specializations across an unmatched number of Adobe Experience products.

Learn how Omnicom brought its foundation of creativity and innovation, deep specialization, and more to Adobe Summit, and view our key takeaways from the premier digital experience conference.

In case you missed it, watch Omnicom’s content from the summit on demand!

Watch: Maximize Creativity and Content at Scale

Dr. Ali Alkhafaji and Cleve Gibbon shared how Omnicom goes the distance with Adobe’s modern, scalable, and repeatable content supply chain. Our content supply chain empowers marketing teams at Omnicom to meet exploding content personalization requirements while ensuring that creativity stays front and center. The session was opened by Heather Freeland, Chief Brand Officer, Adobe, and closed with a demo of our Generative AI powered campaign.

Speakers:

• Heather Freeland, Chief Brand Officer, Adobe
• Cleve Gibbon, SVP of AI and Creative Technology, Omnicom
• Dr. Ali Alkhafaji, Chief Executive Officer, Credera Digital, Omnicom
• Loni Stark, VP, Experience Manager and Commerce, Adobe
• Emily Palmer, Principal Solutions Consultant, Adobe

---

Watch: Leveraging Generative AI to Produce Content at Scale

Alissa Hansen and Jay Proulx revealed Omnicom’s tested approach to managing content workflows, which is fueled by Generative AI to deliver even more powerful outcomes for our clients. Alissa and Jay explained how Generative AI helps Omnicom optimize hyper personalized marketing campaigns while unlocking new growth and ROI.

Speakers:

• Alissa Hansen, Chief Production Officer, Critical Mass
• Jay Proulx, Global Adobe Platform Lead, Credera

---

Watch: Rapid Content Scaling for ​Exceptional Marketing Experiences

Karen Ballenden and Ash King explained how Generative AI can help brands multiply their scaled content variations a thousand-fold—all while enabling engaging, brand-aligned experiences. Karen and Ash also touched upon the role of trust and ethics to ensure every one of the thousands of campaign elements resonates with authenticity and integrity.

Speakers:

• Karen Ballenden, Global Business Director, 180 Global
• Ash King, Director, Gen AI Consulting, Adobe

---

Watch: The Forefront of Innovation: AI-Powered Commerce

David Battrick and Olin Moran showed how our innovative Omnicom Commerce solution (DTC) uses Generative AI and the power of the Adobe ecosystem. These solutions are increasingly critical for accelerating digital commerce and going to market with best-in class experiences in every connected touchpoint.

Speakers:

• David Battrick, SVP, DTC Practice Lead, OMC Transact
• Olin Moran, Partner Commerce Lead, OPMG

Each year, South by Southwest® (SXSW®) serves as an essential destination for creatives across the globe to meet, learn, and share ideas.

What started as a music festival quickly evolved into a music and media conference, which then grew to encompass digital, tech, innovation, and more. Though SXSW has evolved significantly over the years, what hasn’t changed is the underlying thread of creativity.

This year, Omnicom returned to SXSW through the lens of ‘Expecting the Unexpected’ – because while machines are great at classifying and predicting, the creativity that underpins ‘the unexpected’ is a unique quality only humans have the power to bring to life.

To check out Omnicom’s presence at the Festival, visit our schedule and read on as Omnicom colleagues give their ‘Unexpected Takes’ from SXSW 2024.

T

NEW YORK, Feb. 28, 2024 /PRNewswire/ — Omnicom (NYSE: OMC) and Omnicom Finance Holdings plc (the “Issuer”), a wholly owned indirect subsidiary of Omnicom, today announced the pricing of the Issuer’s public offering of €600 million aggregate principal amount of 3.700% Senior Notes due 2032 (the “Notes”). The Notes will mature on March 6, 2032. The transaction is expected to close on March 6, 2024, subject to customary closing conditions.

The Notes will bear interest at a rate of 3.700 percent per annum. The Notes will be fully and unconditionally guaranteed by Omnicom. The Notes and the related guarantee will be the unsecured and unsubordinated obligations of the Issuer and Omnicom, respectively, and will rank equal in right of payment to all of their respective existing and future unsecured senior indebtedness.

The Issuer intends to use the net proceeds from the offering for general corporate purposes, which could include working capital expenditures, fixed asset expenditures, acquisitions, repayment of commercial paper and short-term debt, refinancing of other debt, repurchases of Omnicom’s common stock or other capital transactions.

Application will be made to have the Notes listed on The New York Stock Exchange. The listing application will be subject to approval by The New York Stock Exchange. If such a listing is obtained, the Issuer will have no obligation to maintain such listing, and the Issuer may delist the Notes at any time.

Barclays Bank PLC, BNP Paribas, HSBC Bank plc, and J.P. Morgan Securities plc are acting as joint book-running managers for the offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make an offer, solicitation or sale in such jurisdiction. The public offering is being made pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission (“SEC”). A final prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. In addition, copies of the prospectus and prospectus supplement relating to the Notes offered in the offering may be obtained by contacting any of the following underwriters: Barclays Bank PLC toll-free at 1-888-603-5847, BNP Paribas toll-free at 1-800-854-5674, HSBC Bank plc at +44-207-991-8888, or J.P. Morgan Securities plc (for non-U.S. investors) collect at +44-207-134-2468 or J.P. Morgan Securities LLC (for U.S investors) collect at 1-212-834-4533.

This document is for distribution only to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”).  This document is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.

Relevant stabilization regulations including FCA/ICMA will apply. UK MiFIR and MiFID II professionals / ECPs-only / No UK or EEA PRIIPs KID – Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA or UK PRIIPs key information document (KID) has been prepared as the Notes are not available to retail in EEA or UK.

About Omnicom
Omnicom (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms offer services in advertising, strategic media planning and buying, precision marketing, commerce and branding, experiential, customer relationship marketing (CRM), public relations, healthcare marketing and other specialty communications services to over 5,000 clients in more than 70 countries.

Forward-Looking Statements
Certain statements in this document contain forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, from time to time, the Company or its representatives have made, or may make, forward-looking statements, orally or in writing. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial position, or otherwise, based on current beliefs of the Company’s management as well as assumptions made by, and information currently available to, the Company’s management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “should,” “would,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or similar words, phrases or expressions. These forward-looking statements are subject to various risks and uncertainties, many of which are outside the Company’s control. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include: adverse economic conditions, including those caused by geopolitical events, international hostilities, acts of terrorism, public health crises, high and sustained inflation in countries that comprise our major markets, high interest rates, and labor and supply chain issues affecting the distribution of our clients’ products; international, national, or local economic conditions that could adversely affect the Company or its clients; losses on media purchases and production costs incurred on behalf of clients; reductions in client spending, a slowdown in client payments, and a deterioration or disruption in the credit markets; the ability to attract new clients and retain existing clients in the manner anticipated; changes in client advertising, marketing, and corporate communications requirements; failure to manage potential conflicts of interest between or among clients; unanticipated changes related to competitive factors in the advertising, marketing, and corporate communications industries; unanticipated changes to, or the ability to hire and retain key personnel; currency exchange rate fluctuations; reliance on information technology systems and risks related to cybersecurity incidents; effective management of the risks, challenges and efficiencies presented by utilizing Artificial Intelligence (AI) technologies and related partnerships in our business; changes in legislation or governmental regulations affecting the Company or its clients; risks associated with assumptions the Company makes in connection with acquisitions, its critical accounting estimates and legal proceedings; the Company’s international operations, which are subject to the risks of currency repatriation restrictions, social or political conditions, and an evolving regulatory environment in high-growth markets and developing countries; and risks related to our environmental, social, and governance goals and initiatives, including impacts from regulators and other stakeholders, and the impact of factors outside of our control on such goals and initiatives. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that may affect the Company’s business, including those described in Item 1A, “Risk Factors” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2023 and in other documents filed from time to time with the Securities and Exchange Commission. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements.

SOURCE Omnicom Group Inc.

NEW YORK, Feb. 23, 2024 /PRNewswire/ — Omnicom (NYSE: OMC) today announced it will present at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, California on Tuesday, March 5, 2024 at 11:45 a.m. Pacific Time. Live and archived webcasts will be available on Omnicom’s website at investor.omnicomgroup.com.

About Omnicom
Omnicom (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms offer services in advertising, strategic media planning and buying, precision marketing, commerce and branding, experiential, customer relationship marketing (CRM), public relations, healthcare marketing and other specialty communications services to over 5,000 clients in more than 70 countries.

SOURCE Omnicom Group Inc.

NEW YORK, Feb. 15, 2024 /PRNewswire/ — The Board of Directors of Omnicom (NYSE: OMC) declared a quarterly dividend of 70 cents per outstanding share of the corporation’s common stock. The dividend is payable on April 9, 2024 to Omnicom common shareholders of record at the close of business on March 11, 2024.

About Omnicom
Omnicom (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms offer services in advertising, strategic media planning and buying, precision marketing, commerce and branding, experiential, customer relationship marketing (CRM), public relations, healthcare marketing and other specialty communications services to over 5,000 clients in more than 70 countries.