Strong consumer insight growth helps WPP to 10-year high

UK— Quarterly like-for-like revenue growth at WPP hit a ten-year high in the third quarter of this year, the marketing services group said today – with consumer insight revenue up 6.4%.

On a reported basis, revenue in the insight division was up 9.9% to £581.9m. Group revenues, including advertising, media investment management, PR and branding, grew 12% to £2.25bn, or 7.5% on a like-for-like basis, which excludes the impact of currency fluctuations and acquisitions.

WPP said all regions saw an improvement, most significantly the UK and the United States – the latter behaving “more like an emerging market than a mature one”.

Nine-month revenue for the group was £6.69bn, up 6.3%. Consumer insight revenue grew 5.5% in the period to £1.74bn. WPP research agencies include Kantar, TNS-RI, Millward Brown and Lightspeed Research.

The group capped news of its financial performance with the announcement of a $5m investment in a New York-based company Buddy Media, which has developed a platform to help companies manage their brand presence on Facebook.

WPP said it would form a strategic partnership with Buddy Media to integrate the Facebook management platform into its existing suite of technology products and services with the aim of bringing “improved measurement and scale to brands” who are looking to engage with users of the social networking site.

We hope you enjoyed this article.
Research Live is published by MRS.

The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.

Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.

For example, there's an archive of winning case studies from over a decade of MRS Awards.

Find out more about the benefits of joining MRS here.

0 Comments


Display name

Email

Join the discussion

Newsletter
Stay connected with the latest insights and trends...
Sign Up
Latest From MRS

Our latest training courses

Our new 2025 training programme is now launched as part of the development offered within the MRS Global Insight Academy

See all training

Specialist conferences

Our one-day conferences cover topics including CX and UX, Semiotics, B2B, Finance, AI and Leaders' Forums.

See all conferences

MRS reports on AI

MRS has published a three-part series on how generative AI is impacting the research sector, including synthetic respondents and challenges to adoption.

See the reports

Progress faster...
with MRS 
membership

Mentoring

CPD/recognition

Webinars

Codeline

Discounts