WPP China Is Stabilizing, But Recovery Will Take Some Time, CEO Says -- Market Talk

Dow Jones

Feb 27, 2025

1345 GMT - WPP's Chinese business is stabilizing after last year's revenue declines, but a recovery will take some time, CEO Mark Read says. "The macro, competitive and consumer pressures in China were intense in 2024 and some of those will ease," Read says in an interview. "But we're not expecting it to return to growth, certainly not in the first half of the year." The London-based advertising group appointed new leadership to its business in the country and is working on integrating its businesses there more, moves that should pave the way for a return to stability over the course of the year, Read says. WPP's like-for-like revenue less pass-through costs fell 21% in China in the fourth quarter. WPP shares fall 15% to 6.53 pounds. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

February 27, 2025 08:46 ET (13:46 GMT)

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WPP's like-for-like revenue less pass-through costs fell 21% in China in the fourth quarter. WPP shares fall 15% to 6.53 pounds. (adria.calatayud@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 27, 2025 08:46 ET (13:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WPP China Is Stabilizing, But Recovery Will Take Some Time, CEO Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWPP China Is Stabilizing, But Recovery Will Take Some Time, CEO Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-27 21:46</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1345 GMT - <a href=\"https://laohu8.com/S/WPP.UK\">WPP</a>'s Chinese business is stabilizing after last year's revenue declines, but a recovery will take some time, CEO Mark Read says. \"The macro, competitive and consumer pressures in China were intense in 2024 and some of those will ease,\" Read says in an interview. \"But we're not expecting it to return to growth, certainly not in the first half of the year.\" The London-based advertising group appointed new leadership to its business in the country and is working on integrating its businesses there more, moves that should pave the way for a return to stability over the course of the year, Read says. WPP's like-for-like revenue less pass-through costs fell 21% in China in the fourth quarter. WPP shares fall 15% to 6.53 pounds. (adria.calatayud@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 27, 2025 08:46 ET (13:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WPP","symbol_name":"WPP PLC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514807211","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514807211","pubTimestamp":1740663960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1345 GMT - WPP's Chinese business is stabilizing after last year's revenue declines, but a recovery will take some time, CEO Mark Read says. \"The macro, competitive and consumer pressures in China were intense in 2024 and some of those will ease,\" Read says in an interview. \"But we're not expecting it to return to growth, certainly not in the first half of the year.\" The London-based advertising group appointed new leadership to its business in the country and is working on integrating its businesses there more, moves that should pave the way for a return to stability over the course of the year, Read says. WPP's like-for-like revenue less pass-through costs fell 21% in China in the fourth quarter. WPP shares fall 15% to 6.53 pounds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WPP":"WPP PLC","BK4009":"广告"},"translate_title":"WPP中国首席执行官表示，正在企稳，但复苏需要一些时间——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WPP":1},"content_text":"1345 GMT - WPP's Chinese business is stabilizing after last year's revenue declines, but a recovery will take some time, CEO Mark Read says. \"The macro, competitive and consumer pressures in China were intense in 2024 and some of those will ease,\" Read says in an interview. \"But we're not expecting it to return to growth, certainly not in the first half of the year.\" The London-based advertising group appointed new leadership to its business in the country and is working on integrating its businesses there more, moves that should pave the way for a return to stability over the course of the year, Read says. WPP's like-for-like revenue less pass-through costs fell 21% in China in the fourth quarter. WPP shares fall 15% to 6.53 pounds. (adria.calatayud@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 27, 2025 08:46 ET (13:46 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}