WPP Plc Sponsored

WPP Plc is a creative transformation company, which engages in the provision of communications services. It operates through the following segments: Global Integrated Agencies, Public Relations, and Specialist Agencies. The Global Integrated Agencies segment offers creative services including advertising, marketing, and brand strategies and campaigns across all media. The Public Relations segment helps clients communicate with all stakeholders, from consumers and investors to government and non-government organizations. The Specialist Agencies segment delivers brand experience and identity, and specialist, targeted services. The company was founded by Martin Stuart Sorrell in 1985 and is headquartered in London, the United Kingdom.

Results from advertising behemoth WPP reveal a slowdown in spending from clients in the U.S. technology sector. It could be an early sign.

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NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today reported its 2023 Interim Results. Key figures £m H1 2023 +/(-) % reported1 +/(-) % LFL2 H1 2022 Revenue 7,221 6.9 3.5 6,755 Revenue less pass-through costs 5,811 5.5 2.0 5,509           Reported:         Operating profit 306 (43.2) - 539 Profit before tax 204 (51.2) - 419 Diluted EPS (p) 10.3 (54.6) - 22.7 Dividends per share (p) 15.0 - - 15.0           Headline3:         Operating profit 666 4.3 2.7 639 Operating profit margin 11.5% (0.

WPP 2023 Interim Results

Brands are taking a "wait and see" approach to advertising on social media platform X, the new name for Twitter, until they can understand where owner Elon Musk is taking the company, the CEO of ad group WPP said on Friday.

WPP CEO says advertisers taking a 'wait and see' stance on Musk's X rebrand

Falling tech spending in the USA prompted the FTSE 100 firm to cut its like-for-like sales estimates for 2023.

WPP Slashes Sales Forecasts As North American Tech Firms Cut Spending

WPP PLC (LSE:WPP) has lowered its full-year growth forecast due to reduced spending by US firms as it reported profit halved in the first half of 2023. The advertising giant now expects full-year like-for-like growth of 1.5-3.0%, down from previous guidance of 3-5%, although headline operating profit margin of around 15.0% is higher than the 11.5% reported in the first half.

WPP lowers growth forecast as US tech firms cut spending

Finishing off the week, ahead of the financial traders' must-watch NFP jobs report, there will be numbers from advertising group WPP PLC (LSE:WPP). These arrive hot on the heels of a warning from broadcaster ITV of the worst advertising recession since the financial crisis.

Capita and WPP results close out a busy month of interims on Friday

NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) and Spotify today announced a new global strategic partnership that will enable WPP to offer its clients early access to Spotify's innovative ad products, first-party intelligence and creative ways to reach engaged audiences at scale. As part of the partnership, Spotify will become the first digital audio platform to be integrated directly into WPP's products and solutions. This includes an exploration in connection with Choreograph's insights.

WPP & Spotify announce first-of-its-kind global partnership

WPP (LON: WPP) share price retreated sharply on Monday after the relatively weak financial results by Martin Sorrel's S4 Capital. The shares retreated by over 2% and retested the support at 807p.

WPP share price sinks to a bear market as advertising outlook cools

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WPP PLC (LSE:WPP) and Nvidia Corp have agreed to develop a platform that will create automated digital adverts using artificial intelligence. The world's largest advertising company said that integrating 3D tools with generative AI would allow its creative teams to produce commercial content, such as images and videos, more quickly.

WPP and Nvidia ink AI digital advertising deal

Shares of ad agency WPP WPP, +2.98% rose 3% in early London trade after saying it's making a content engine in partnership with AI chipmaker Nvidia NVDA, +2.54%. The companies said the engine will allow WPP to make large volumes of brand advertising content such as images or videos and experiences like 3D product configurators more tailored and immersive.

WPP shares climb after content engine deal with Nvidia

LONDON & NEW YORK--(BUSINESS WIRE)--NVIDIA and WPP (NYSE: WPP) today announced they are developing a content engine that harnesses NVIDIA Omniverse™ and AI to enable creative teams to produce high-quality commercial content faster, more efficiently and at scale while staying fully aligned with a client's brand. The new engine connects an ecosystem of 3D design, manufacturing and creative supply chain tools, including those from Adobe and Getty Images, letting WPP's artists and designers integra.

WPP Partners With NVIDIA to Build Generative AI-Enabled Content Engine for Digital Advertising

U.K. advertising-holding company WPP is teaming up with U.S. chip giant Nvidia to develop a content engine that uses generative artificial intelligence for digital advertising, the companies said Monday.

WPP, Nvidia team up to build AI-enabled content engine for digital advertising

The heavy selling pressure might have exhausted for WPP PLC (WPP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

After Plunging -7.27% in 4 Weeks, Here's Why the Trend Might Reverse for WPP PLC (WPP)

WPP PLC (WPP) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

WPP PLC (WPP) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

In the past year, WPP (-4.72%) has experienced poorer price performance than both the general market (SPY: +4.91%) and the communications index (XLC: +3.56%). This reflects a decline in advertising spending as a result of rising interest rates and sustained inflationary pressures, leading to a 75.07% YoY decline in FCF from 2021-22.

WPP: Integrated Strategy And Diversified M&A Support Sustained Growth

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is WPP (WPP) Stock Undervalued Right Now?

WPP PLC (NYSE:WPP ) Q1 2023 Earnings Conference Call April 27, 2023 4:30 PM ET Company Participants Mark Read - CEO John Rogers - CFO Conference Call Participants Lena Gainer - BNP Paribas Thomas Singlehurst - Citi Julien Roch - Barclays Lisa Yang - Goldman Sachs Adrien de Saint Hilaire - Bank of America Merrill Lynch Omar Sheikh - Morgan Stanley Silvia Cuneo - Deutsche Bank Mark Read Good morning, everybody. And welcome to our 2023 First Quarter Results Call.

WPP PLC (WPP) Q1 2023 Earnings Call Transcript

WPP PLC (LSE:WPP) shares fell on Thursday as the advertising giant reported slower growth in the first quarter, although client companies "continued spending" in communications, customer experience, commerce, data and technology despite recession worries in several major economies.  On a like-for-like (LFL) basis growth was 4.9% for the first three months of 2023 compared to the same period last year.

WPP says clients are 'continuing to spend' but growth slows

WPP PLC UK:WPP on Thursday reported a 2.9% rise in like-for-like revenue less pass-through costs, or net sales, for the first quarter of the year and backed its full-year guidance.

WPP first quarter revenue rises to $4.21 billion

LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today announces the acquisition of amp, one of the world's leading sonic branding companies. amp's expertise will strengthen WPP's offer in experiential branding and its ability to create high-quality, differentiated, and ownable sound experiences for clients. The acquisition comes as sound continues to grow as a vital branding element, with 75% of GenZ consumers saying that music helps them to feel more connected to brands1.

WPP Acquires Sonic Branding Agency amp, Expanding Generative AI and Brand Experience Design Offering

WPP PLC (WPP) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, WPP broke out above the 50-day moving average, suggesting a short-term bullish trend.

WPP PLC (WPP) Recently Broke Out Above the 50-Day Moving Average

WPP's organic net revenue growth for the first quarter should come in below the rate expected for the full year, according to Citi, although the company remains a Buy. Analysts at the bank expect revenue of growth of 2.2% to 2.3% when the FTSE 100 quoted firm reports on 27 April compared to guidance for the year of between 3% to 5%.

WPP's first quarter revenue growth below guidance, says broker

LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today announces that leading global investment firm KKR has made a growth investment in FGS Global, the strategic advisory and communications consultancy in which WPP is a majority shareholder. FGS Global has 1,300 experts around the world advising clients in navigating complex situations and reputational challenges.

WPP Welcomes KKR as Strategic Partner in FGS Global

A large chunk of WPP PLC (LSE:WPP)-owned FGS Global is set to be bought by private equity group KKR in a deal which will value the financial communications firm at US$1.4bn. FTSE 100-listed WPP owns around 57.4% and will likely remain the majority shareholder, according to Financial Times' sources, though KKR could acquire up to 30% of FGS from its and employee shares, which account for 40% of the business.

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