WPP stock slumps 15% as ad spending takes a back seat, pushing 2024 revenues down
Global ad giant WPP reported lower-than-expected full-year revenue, sending its share price tumbling as much as 18%, as it struggles to keep pace with rivals amid cost-cutting in the adtech industry.
WPP shares slump as revenue worsens and headcount drops by 6000
WPP, with a 1% decline, was the last of the big four groups to report annual revenues. Publicis Groupe increased organic revenues by 5.8%, Omnicom grew 5.2% (although it does not deduct pass-through costs) and Interpublic was up 0.2%.
Ad Giant WPP Stock Sinks on Weak Revenue Outlook
U.S.-listed shares of WPP sank 15% Thursday when the giant advertising firm's revenue declined and it gave soft guidance as North America and China sales slid.
Why Is Ad Giant WPP Stock Falling Today?
WPP FY Revenue declined by 0.7% Y/Y, adjusted operating cash flow increased to £1.46B, and net debt stood at £1.7B.
WPP stock drops over 17% as weak Q4 results and 2025 outlook disappoint
Investing.com -- WPP’s stock has tumbled more than 17% on Thursday following disappointing fourth-quarter 2024 results and weaker-than-expected outlook for 2025.
WPP shares slump as revenue worsens
WPP’s share price plunged as its 2024 revenue growth came in at the bottom end of its forecast – with Q4 being the worst quarter of the year – and it warned the decline could be worse in 2025. Revenues less pass-through costs fell 1% to £11.
WPP Stock Plunges 16%. It’s Screaming Downturn After Domino’s, Krispy Kreme Warnings.
There have been a string of consumer-focused companies that have issued guidance that investors found disappointing.
WPP plc: Softer Than Expected Q4 Spooking Markets (Rating Downgrade)
WPP plc faces challenges with weak Q4 results and China exposure. Read why we are downgrading WPP stock due to risks in the ...
WPP price target lowered to 860 GBp from 960 GBp at JPMorgan
JPMorgan lowered the firm’s price target on WPP (WPP) to 860 GBp from 960 GBp and keeps a Neutral rating on the shares.Discover the Best Stocks ...
WPP slips Thursday, underperforms market
WPP PLC closed 28.55% below its 52-week high of £9.03, which the company achieved on December 9th.
Down 19%! This FTSE 100 stock was just having its worst day in 34 years
The WPP share price plunged in double digits in the FTSE 100 index today. But will this writer take advantage of the very ...
Kepler Capital Remains a Buy on WPP (WPP)
Kepler Capital analyst Conor O’Shea maintained a Buy rating on WPP (WPP – Research Report) on February 27 and set a price target of p935.00.
WPP falls Thursday, underperforms market
WPP PLC WPP shares slipped 1.65% to £7.53 Thursday, on what proved to be an all-around poor trading session for the stock ...
WPP woe advertises scope for shiny buyout
Advertiser WPP is short on good news for investors. In a best-case scenario, CEO Mark Read reckons the $9 billion UK firm can ...