Y&R joins ranks of ad groups with double-digit gains

Snyder, Beth; Petrecca, Laura
November 1999
Advertising Age;11/1/1999, Vol. 70 Issue 45, p61
Trade Publication
This article reports on the financial performance of several advertising agencies in the United States during the third quarter of 1999. The third-quarter financial reports boast double digit revenue growth. For instance, Young & Rubicam Inc. reported an increase of 14%. That follow similar results for Omnicom Group Inc., WPP Group PLC and Interpublic Group of Cos. Inc. Omnicom first post its report on October 21, showing a 17% increase in revenue for the quarter. For the year, the company's revenue has increased 20%, to $3.6 billion. WPP was next, with a 14.2% rise in quarter revenue and a year-to-date gain of almost 12%. Interpublic's gross income rose 14.5% and 11.9% for the third quarter and first nine months respectively. The revenue growth of these companies could be attributed to increased billings from integrated marketing communications.


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