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Melt Update | 20 April | Omnicom posts 11.9% organic growth in Q2 and MORE

melt, April 20, 2022

Meanwhile, Sir Martin Sorrell has said he anticipates there will soon be a “resolution” to the auditing delays at S4 Capital.

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Top News:

1. Omnicom posts 11.9% organic growth in Q2
Omnicom posted 11.9% organic growth in Q2 as its business continues to rebound from the pandemic. Revenue decreased 0.5% year over year to $3.4 billion. Operating profits declined 24.5%, by $112.4 million.

2. Sorrell expects ‘resolution’ to audit delay soon
Sir Martin Sorrell has said he anticipates there will soon be a “resolution” to the auditing delays at S4 Capital and maintained it involves nothing “material” because the company and its auditor, PwC, would have been “obligated” to disclose it to investors.

3. Havas Media Group India launches Havas Content
Havas Media Group India announced the launch of its specialized content division called Havas Content. The unit will focus on leveraging dynamic content to help brands create meaningful media experiences.

4. BookMyShow acquires majority stake in TribeVibe
BookMyShow has made an undisclosed investment for a majority stake in TribeVibe. Through this investment, BookMyShow brings the market of college entertainment into its fold, targeting students and potential first jobbers at scale.

5. Gupshup acquires AskSid
Gupshup announced the acquisition of AskSid, a conversational AI provider to top e-commerce and retail companies. AskSid’s full-stack AI solution, including the Retail AI brain, strengthens Gupshup’s customer experience (CX) offerings.