Omnicom Group Inc
0KBK.L
$77.84 1.52%
Exchange: LSE | Sector: Technology | Industry: Media Entertainment
Q2 2024
Published: Jul 17, 2024

Earnings Highlights

  • Revenue of $3.85B up 6.8% year-over-year
  • EPS of $1.65 decreased by 9.2% from previous year
  • Gross margin of 17.6%
  • Net income of 328.10M
  • ""We are aggressively pursuing opportunities to enhance our digital capabilities and align with client needs in a more holistic manner."" - CEO

Omnicom Group Inc (0KBK.L) Q2 2024 Results: Strategic Resilience Amidst Earnings Pressure

Executive Summary

In the second quarter of 2024, Omnicom Group Inc reported a revenue of $3.85 billion, a 6.76% increase year-over-year (YoY) and a 6.15% increase quarter-over-quarter (QoQ). Despite this revenue growth, the company's net income contracted by 10.43% YoY to $328.1 million, suggesting a challenging earnings environment likely due to increased operational costs and pressure on margins. Management emphasized resilience in its advertising and marketing services amid evolving market conditions. The strategic initiatives aimed at enhancing digital capabilities and client engagement are key focus areas that management believes will support long-term growth despite short-term hurdles. Operationally, the gross profit margin declined slightly to 17.68%, which reflects the challenging cost landscape, pushing management to optimize operational efficiencies. The management is focused on cost management and operational expenditures while navigating tightening market conditions as consumer preferences shift.

Key Performance Indicators

Revenue

3.85B
QoQ: 6.15% | YoY:6.76%

Gross Profit

679.10M
17.62% margin
QoQ: 20.37% | YoY:-3.11%

Operating Income

510.30M
QoQ: 6.56% | YoY:-7.34%

Net Income

328.10M
QoQ: 2.98% | YoY:-10.43%

EPS

1.67
QoQ: 3.73% | YoY:-9.24%

Revenue Trend

Margin Analysis

Key Insights

  • **Revenue:** $3.85 billion (YoY: +6.76%, QoQ: +6.15%)
  • **Gross Profit:** $679.1 million (YoY: -3.11%, QoQ: +20.37%)
  • **Operating Income:** $510.3 million (YoY: -7.34%, QoQ: +6.56%)
  • **Net Income:** $328.1 million (YoY: -10.43%, QoQ: +2.98%)
  • **EPS:** $1.67 (YoY: -9.24%, QoQ: +3.73%)

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 4,015.60 1.31 +4.2% View
Q1 2025 3,690.40 1.45 +1.7% View
Q4 2024 4,322.20 2.26 +6.4% View
Q3 2024 3,882.60 1.95 +8.5% View
Q2 2024 3,853.80 1.65 +6.8% View