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Jun 30, 2023

Omnicom Q2 2023 Earnings Report

Reported a revenue increase, driven by organic growth and strong earnings per share amid economic uncertainty.

Key Takeaways

Omnicom reported a 1.2% increase in revenue to $3,609.9 million for Q2 2023, with organic growth of 3.4%. Diluted earnings per share increased by 8.3% to $1.82. The company is focusing on generative AI technologies and partnerships to improve client outcomes and operational efficiency.

Revenue increased by 1.2% to $3,609.9 million.

Organic revenue growth was 3.4%.

Diluted earnings per share increased by 8.3% to $1.82.

Operating income increased by 1.7% to $550.7 million.

Total Revenue
$3.61B
Previous year: $3.57B
+1.2%
EPS
$1.81
Previous year: $1.68
+7.7%
Organic Growth
3.4%
Previous year: 11.3%
-69.9%
Gross Profit
$701M
Previous year: $708M
-1.0%
Cash and Equivalents
$2.73B
Previous year: $3.21B
-14.7%
Free Cash Flow
-$279M
Previous year: -$215M
+30.1%
Total Assets
$25.1B
Previous year: $24.9B
+0.7%

Omnicom

Omnicom

Forward Guidance

The balance of the year will continue to see economic uncertainty, and Omnicom is entering a dynamic and exciting new era for the company.