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 Send to email | Omnicom: US Ad Sales Slow, International Still Strong in OMC |  By Silicon
el 22-Apr-2008 | The bottom did not fall out of U.S. ad spending in Q1, but overseas spending is still the prime driver behind Omnicom Group's (OMC) Q1 results, which beat Wall Street estimates on revenue and earnings. Global revenue was up 12.5% to $3.2 billion, but that was driven by
international, which rose 18.3% compared to domestic U.S. revenue, up
7.6%. Organic revenue, excluding currency fluctuations and acquisitions, was up 6.4%.
Notes from the Q1 conference call:
"Like most of our clients we remain cautious about the economy, but to date we have not seen any significant reduction in client spending, and non-U.S. growth remains strong," said CEO John D. Wren, during his preamble.
Wren responding to a question on U.S. spending: "Car sales in North America not strong, but car sales around the world are strong. We have never been overexposed to financial services or the housing markets, so we have not participated in that decline. We are not suggesting we are immune. We're just saying we haven't seen the shift yet."
Troubling news for NBC U, which is broadcasting the Olympics. Asked if clients were nervous about protests around the 2008 Summer Games, Wren admitted it has become an issue: "All clients we service have plans and concerns aboutt current activity. Everybody is a bit concerned and we will see what happens."
Earlier: Omnicom Q1: No Ad Recession Yet
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| Omnicom: US Ad Sales Slow, International Still Strong | | The bottom did not fall out of U.S. ad spending in Q1, but overseas spending is still the prime driver behind Omnicom Group's (OMC) Q1 results, which beat Wall Street estimates on revenue and earnings. Global revenue was up 12.5% to $3.2 billion, but that was driven by
international, which rose 18.3% compared to domestic U.S. revenue, up
7.6%. Organic revenue, excluding currency fluctuations an [..] Read complete article | | Published 22-Apr-2008 by Silicon in OMC
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| Omnicom Q2: In Line, International Growth Humming, Domestic Pokey | | No surprises from ad giant Omnicom's Q2: It posted EPS of $0.96 on revenues of $3.48 billion, which is what the Street was looking for. Overall revenue grew 11.2%, boosted by international growth of 17.7%; domestic grew just 5.5%.
Those results are directionally similar to Nielsen's estimate of Q1 ad spending: The company says global growth increased 4%, but that spending in the U.S. and [..] Read complete article | | Published 22-Jul-2008 by Silicon in General
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| Omnicom Media Group Taps New Digital Chief | | Omnicom Media Group named Matt Spiegel as CEO of its digital practice, replacing Sean Finnegan, who left to become chief media officer at Vibrant Media earlier this year.
Spiegel had been CEO of Omnicom's search marketing unit, Resolution Media, a company it acquired in 2005. As chief of digital for Omnicom, Spiegel will direct digital operations for all Omnicom media agencies, including [..] Read complete article | | Published 27-Mar-2008 by Silicon in General
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| Nokia releases Q3 2008 figures; sales and profits down |  Nokia released its interim report today covering performance in Q3 of this year. Long story short, it wasn’t pretty. Nokia had predicted a slow third quarter and a slow third quarter it had indeed. Market share was down, shipments were down, sales were down and profit was down. Perhaps the most alarming statistic is Nokia’s [...] [..] Read complete article | | Published 16-Oct-2008 by Zach Epstein in NewsNokia2008FinancialsQ3
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 | Joystiq |  Blogger | Covers video game news from an independent, unbiased perspective
Joystiq Joystiq |
| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Pachter: GTA IV So Did Not Drive Console Sales [Grand Theft Auto IV] | | I know, we don't run many of these predictions anymore, but I've an inkling this one's on the money, so up it goes. Analyst Michael Pachter has rolled the goat's bones, read the tea leaves and predicted that while software sales for May were strong, hardware sales were not. Even though they we [..] Read complete article | | Published 10-Jun-2008 by Luke Plunkett in Gta IvMichael PachterNewsOriginalRockstar
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
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