British multinational advertising and public relations company WPP has released its reported revenue for quarter three of 2019. Its reported revenue from continuing operations - which excludes Kantar - saw a 5.2% increase, valued at £3.291bn.
Geographically, like-for-like revenue growth in the third quarter was stronger in the Asia Pacific, Latin America, Africa & the Middle East and Central & Eastern Europe, with Western Continental Europe and the United Kingdom up strongly, partly offset by North America. South-East Asia, Latin America and the Middle East were particularly strong with Africa and ANZ more difficult.
By sector, the group's global integrated agencies were up strongly, but public relations and the group's specialist agencies performed less well. In the third quarter, there was an improvement in revenue less pass-through costs from continuing operations, with constant currency and like-for-like growth of 0.5%, the first quarter of growth since the second quarter of 2018, and significantly stronger than the -2.5% in the first half.
