ADVERTISEMENT

What you need to know in advertising today

Publicis and Omnicom's second quarter earnings and everything else you need to know in advertising today.

The logo of Publicis Groupe is seen at the company's headquarters in Paris

Publicis Groupe and Omnicom group Inc. both kicked off earnings season for ad-holding companies on Thursday, with both firms exhibiting organic growth.

ADVERTISEMENT

Publicis’ organic growth was up by 0.8%, versus estimates of a 0.5% decline in the second quarter, with revenue amounting to €2.52 billion ($2.9 billion). On the other hand, Omnicom said it posted organic growth of 3.5% in its second quarter. Overall revenue totalled $3.79 billion, which was down 2.4% compared to the same period last year.

But while Publicis credited its second quarter results to improved performance in North America, the opposite was true for Omnicom. To read more about how North America was a boon for Publicis, but a bane for Omnicom, click here.

In other news:

ADVERTISEMENT

Beauty brands are now paying dogs and cats to tout their products on Instagram. The Body Shop and Too Faced, among others, have recently chosen to hire pets to tout their products and headline some of their biggest digital campaigns.

The FBI just took down AlphaBay, an online black market for drugs that was 10 times bigger than Silk Road.AlphaBay connected vendors with people seeking drugs like fentanyl and heroin, authorities said.

Marissa Mayer wants to be a CEO again, but she says she isn't in talks with Uber. While Mayer definitely wants another CEO role, she does not want to become a full-time investor, she told Business Insider.

An Austrian activist wants Facebook to pay 25,000 users about $600 each for tracking them online. Austrian privacy activist Max Schrems’ lawsuit concerns alleged violations of privacy by Facebook through its use of personal data and tracking of users on external pages, among other things.

ADVERTISEMENT

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

8 ingenious tips to merge PDF files more efficiently

8 ingenious tips to merge PDF files more efficiently

10 most powerful African passports in 2024

10 most powerful African passports in 2024

UK sends first voluntary asylum seeker to Rwanda

UK sends first voluntary asylum seeker to Rwanda

FCMB Group records 186% profit growth, proposes 50k dividend

FCMB Group records 186% profit growth, proposes 50k dividend

Accounting with a Purpose - Moracle Ghana CEO has simplified accounting for small businesses and nonprofits

Accounting with a Purpose - Moracle Ghana CEO has simplified accounting for small businesses and nonprofits

10 African countries with the lightest debt burden in 2024

10 African countries with the lightest debt burden in 2024

Sale of African skulls in a British museum comes to light

Sale of African skulls in a British museum comes to light

Coinremitter claims to be a leading crypto payment gateway in the market

Coinremitter claims to be a leading crypto payment gateway in the market

African countries projected to gain the most rich people

African countries projected to gain the most rich people

ADVERTISEMENT