According to Adweek, Omnicom–the world’s largest advertising holding company, with BBDO, DDB, TBWA, OMD and PHD, among others on the roster–is making good money.
Omnicom’s fourth-quarter net income rose more than 13 percent to $314 million on a 12.7 percent increase in revenue to $3.62 billion, compared to the same period a year ago.
CEO John Wren during a conference call with analysts said clients were “a little bit nervous about the economy” but noted that no “major or serious cutbacks in spending” have been made thus far.
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