Advertising SpendAdvertising spend for the upcoming Olympics is tracking to a new record for NBCU, benefiting OMC.
Client WinsOMC's retention of the VW media account, along with additional wins (e.g., General Motors, Priceline, Gap) should provide management enough ammo to raise its full year organic growth guide on the Q2 print.
Revenue GrowthOmnicom also added close to $3bn in net new business in '23, which boosts revenue as clients are onboarded.