WPP revenues rise in Q3

UK – Advertising business WPP increased its revenue year-on-year by 9.1% in the third quarter of 2021, according to its latest financial results.

mark read

The financial results, which cover the period between July and September 2021, showed like-for-like revenue grew 14.7%, reaching £3.24bn.

Like-for-like growth was also above 2019, increasing 6.9% on the third quarter of that year.

WPP saw substantial growth in its German market, which was up 34.5% less pass-through costs on the same period in 2020, and 32.1% on 2019.

The US grew 12.4% compared with 2020, the UK 16.9%, Greater China 18% and Australia 2.4%.

However, revenue in both Greater China and Australia was lower than the third quarter of 2019, down 1.7% and 11.2% respectively.

Net debt fell £1bn to £1.6bn overall, according to the financial results.

WPP is currently merging communications firms Finsbury Glover Hering and SVC, and acquired artificial intelligence company Satalia earlier this year.

Mark Read (pictured), chief executive officer at WPP, said: “We are now above 2019 levels in all of our business lines, and with the actions we have taken over the last three years, we are even better positioned for growth.

“With strong client demand, a clear strategic direction and a strong balance sheet, we are well positioned to continue our momentum into 2022 and beyond.”

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