Latest news with #OmnicomGroup
Time of India
2 days ago
- Business
- Time of India
IPG begins workforce restructuring in India
Last week, the Competition Commission of India (CCI) approved Omnicom's merger with IPG, making India one among the 10 markets where the deal has cleared antitrust scrutiny. Ahead of its $13-billion global merger with Omnicom Group, Interpublic Group (IPG) has initiated workforce restructuring in India, impacting corporate functions like finance and HR. While aiming to protect creative teams, consolidation may lead to role redundancies and potential brand divestitures due to client conflicts. IPG Mediabrands India, however, is not currently downsizing. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: The Interpublic Group IPG ), which owns some of India's largest advertising and media buying agencies including McCann Worldgroup, FCB Group, MullenLowe Lintas and Initiative Media, has started the process of workforce restructuring in India. This comes ahead of its global $13-billion merger with Omnicom Group , said industry executives privy to the December last year, the New York-headquartered Omnicom Group announced the acquisition of the Interpublic Group of Companies Inc (IPG) to create the world's second-largest advertising and media buying network, after WPP- GroupM. IPG is also headquartered in New Group, being the acquirer, is leading the consolidation which may make some roles redundant, said one of the executives, who did not wish to be week, the Competition Commission of India (CCI) approved Omnicom's merger with IPG, making India one among the 10 markets where the deal has cleared antitrust scrutiny."We are centralising corporate functions like finance and accelerating investment in central platform capabilities like production and analytics through greater consolidation," a global spokesperson for IPG Group said in an email reply. He added that "the actions are due to the transformation and restructuring that Interpublic announced in February, and not related to the proposed transaction with Omnicom."The merger process is expected to be completed by 2025-end."In India, the consolidation is starting with functions such as finance, human resources and regional roles. They are trying to insulate creative teams - core to agencies - and keep them intact as far as possible, but some of that may be inevitable in due course," said another executive. "The merged entities may have to let go of brands and associated teams which have direct conflict of interest in case of competing clients."While globally Omnicom is bigger, in India IPG is much bigger with blue-chip clients such as L'Oreal, Air India and Britannia. Omnicom's agencies here are much smaller, such as DDB Mudra, TBWA and addition to creative agencies, the IPG Group's media planning and buying agency network-IPG Mediabrands -Initiative Media, Lodestar UM and Interactive Avenues. It also owns PR firm Weber Shandwick. The group is not currently looking to downsize workforce in media buying, a critical function. Shashi Sinha, executive chairman at IPG Mediabrands, which works on media strategy, buying and planning, said, "There is no downsizing exercise at IPG Mediabrands India with reference to the proposed merger."Queries emailed to a spokesperson of the Omnicom Group remained unanswered till press time.
Yahoo
06-05-2025
- Business
- Yahoo
What To Expect From Magnite's (MGNI) Q1 Earnings
Digital advertising platform Magnite (NASDAQ:MGNI) will be reporting results tomorrow afternoon. Here's what to expect. Magnite missed analysts' revenue expectations by 6.1% last quarter, reporting revenues of $194 million, up 3.8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' EPS estimates. Is Magnite a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Magnite's revenue to grow 7.1% year on year to $159.9 million, slowing from the 14.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Magnite has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 7.7% on average. Looking at Magnite's peers in the media & entertainment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Interpublic Group's revenues decreased 8.5% year on year, meeting analysts' expectations, and Omnicom Group reported revenues up 1.6%, falling short of estimates by 0.6%. Interpublic Group traded up 2.7% following the results while Omnicom Group was down 7.3%. Read our full analysis of Interpublic Group's results here and Omnicom Group's results here. There has been positive sentiment among investors in the media & entertainment segment, with share prices up 11.2% on average over the last month. Magnite is up 33.9% during the same time and is heading into earnings with an average analyst price target of $19.19 (compared to the current share price of $12.25). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
Liberty Broadband Earnings: What To Look For From LBRDK
Telecommunications and cable service provider Liberty Broadband (NASDAQ:LBRDK) will be reporting results tomorrow before market hours. Here's what you need to know. Liberty Broadband beat analysts' revenue expectations by 4.2% last quarter, reporting revenues of $263 million, up 5.2% year on year. It was a stunning quarter for the company, with a solid beat of analysts' EPS estimates. Is Liberty Broadband a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Liberty Broadband's revenue to grow 1.3% year on year to $248.1 million, improving from its flat revenue in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Liberty Broadband has missed Wall Street's revenue estimates four times over the last two years. Looking at Liberty Broadband's peers in the media & entertainment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Interpublic Group's revenues decreased 8.5% year on year, meeting analysts' expectations, and Omnicom Group reported revenues up 1.6%, falling short of estimates by 0.6%. Interpublic Group traded up 2.7% following the results while Omnicom Group was down 7.3%. Read our full analysis of Interpublic Group's results here and Omnicom Group's results here. There has been positive sentiment among investors in the media & entertainment segment, with share prices up 11.2% on average over the last month. Liberty Broadband is up 3.8% during the same time and is heading into earnings with an average analyst price target of $96.75 (compared to the current share price of $78.97). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Yahoo
06-05-2025
- Business
- Yahoo
Taboola (TBLA) Reports Earnings Tomorrow: What To Expect
Content discovery platform Taboola (NASDAQ:TBLA) will be announcing earnings results tomorrow morning. Here's what you need to know. Taboola missed analysts' revenue expectations by 0.7% last quarter, reporting revenues of $212.7 million, up 26.2% year on year. It was a strong quarter for the company, with a solid beat of analysts' EPS estimates and revenue guidance for next quarter exceeding analysts' expectations. Is Taboola a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Taboola's revenue to grow 3.9% year on year to $144.3 million, slowing from the 20% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.01 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Taboola has missed Wall Street's revenue estimates four times over the last two years. Looking at Taboola's peers in the media & entertainment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Interpublic Group's revenues decreased 8.5% year on year, meeting analysts' expectations, and Omnicom Group reported revenues up 1.6%, falling short of estimates by 0.6%. Interpublic Group traded up 2.7% following the results while Omnicom Group was down 7.3%. Read our full analysis of Interpublic Group's results here and Omnicom Group's results here. There has been positive sentiment among investors in the media & entertainment segment, with share prices up 11.2% on average over the last month. Taboola is up 18% during the same time and is heading into earnings with an average analyst price target of $3.96 (compared to the current share price of $3.08). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-04-2025
- Business
- Yahoo
What To Expect From IMAX's (IMAX) Q1 Earnings
Premium cinema technology company IMAX (NYSE:IMAX) will be reporting results tomorrow after market hours. Here's what you need to know. IMAX missed analysts' revenue expectations by 11.1% last quarter, reporting revenues of $92.67 million, up 7.7% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' EPS estimates. Is IMAX a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting IMAX's revenue to grow 6.5% year on year to $84.23 million, a reversal from the 9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.13 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. IMAX has missed Wall Street's revenue estimates four times over the last two years. Looking at IMAX's peers in the media & entertainment segment, only Omnicom Group has reported results so far. It missed analysts' revenue estimates by 0.6%, delivering year-on-year sales growth of 1.6%. The stock was down 7.3% on the results. Read our full analysis of Omnicom Group's earnings results here. Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The U.S. Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the media & entertainment stocks have shown solid performance, the group has generally underperformed, with share prices down 11.3% on average over the last month. IMAX is down 18.1% during the same time and is heading into earnings with an average analyst price target of $29.40 (compared to the current share price of $22.43). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Sign in to access your portfolio
