"Many WPP clients find the company's offerings "very complicated" and are looking for a simpler user experience, Rose told investors during the earnings report. What does a solution look like? "We need to be a little less holdco and a little more co," she said. This means more integration throughout the firm and more agency consolidation, as WPP focuses on simpler enterprise and tech solutions."
"This time, YouTube TV is coming up against the king of the castle. YouTube TV's distribution dispute with Disney expired at midnight last night. (By the time you're reading this, a middle-of-the-night deal to avert channels going black will probably have been reached.) YouTube TV has been frustrating big broadcasters - NBCU and Fox begrudgingly signed recent deals - by demanding terms that are "out of step with the marketplace," as Fox put it during its contract renewal dispute in August."
"WPP's like-for-like revenue less pass-through costs in Q3 (which describes as "roughly equivalent to net revenue") was down by 5.9% from last year, with the company now expecting a 6% decline by year end. The largest client losses have been within WPP Media, which Rose emphasized must be turned around and revamped - likely with the adoption of an "open, privacy-first data and AI powered ecosystem.""
WPP's like-for-like revenue excluding pass-through costs fell 5.9% in Q3 and the company now expects roughly a 6% decline for the year. The largest client losses occurred within WPP Media, driving a push to revamp operations around an open, privacy-first data and AI powered ecosystem. Many clients find WPP's offerings very complicated and are seeking a simpler user experience, prompting greater integration and agency consolidation under a 'less holdco, more co' approach. Company leadership called recent performance unacceptable. Separately, YouTube TV faced distribution disputes with major broadcasters and Roblox gave no advertising update in its earnings remarks.
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