Acquisition And SynergiesOmnicom's acquisition of Interpublic creates the new number-one global ad holding company, with scale viewed as the key benefit, enhanced capabilities in data, tech, and commerce, and targeted synergies of $750 million.
New Business WinsOmnicom scored a significant win with the Amazon US account, which is expected to positively impact revenue starting in the first quarter of 2025, and has successfully defended and expanded its VW relationship.
Revenue GrowthOmnicom's 3Q organic revenue growth of 6.5% was well ahead of consensus 5%, driven by stronger than expected advertising and media growth, and management is confident going into the next quarter.