1348 GMT - WPP looks set to report a weak first-quarter performance, dragged by its creative and public-relations agencies, UBS analysts say in a research note. The U.K. advertising group is expected to post a 2.5% decline in like-for-like revenue less pass-through costs, a closely watched metric, for the first quarter, UBS estimates. "Creative agencies are likely to remain under pressure due to the continued impact of the Pfizer loss, declines in China, and continued weakness in AKQA," the analysts say. PR agencies remain a drag on the group's top line, UBS says. Meanwhile, WPP's GroupM media-buying business is expected to post a 2.4% rise in organic growth, according to UBS. Shares are down 4.5% at 494.90 pence. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 09, 2025 09:48 ET (13:48 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。