Agency holding company 2022 earnings healthier than expected as big brands continued to spend on marketing
Briefly

By most measures, the agency holding companies dealt with 2022 better than many expected during a gloomy fourth quarter, when it appeared likely that inflation, soaring interest rates and lingering supply-chain issues would slide the economy into a recession.For those holdcos that have already reported 2022 results - Publicis, IPG, Omnicom and Dentsu most recently on Feb. 14 - revenue was at least flat (Omnicom) to up 20% (Publicis) while organic growth ranged between 4-10% among them.
Read at Digiday
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