Omnicom Group (OMC) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the current quarter compared to the immediately preceding quarter. However, revenue increased relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the current quarter compared to the immediately preceding quarter. However, revenue increased relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.4B
Revenue reported for this quarter.
Quarter-over-quarter
-11.0%
Change from the immediately preceding quarter.
Year-over-year
+1.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3.6B | -0.1% |
| Sep 30, 2022 | $3.4B | +0.2% |
| Dec 31, 2022 | $3.9B | +0.3% |
| Mar 31, 2023 | $3.4B | +1.0% |
Revenue performance
The reported revenue for the quarter was lower than the prior quarter, reflecting a sequential decrease. On a year-over-year basis, revenue showed growth compared to the same period last year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell. Compared to the same quarter one year earlier, revenue rose.
What to watch
The sequential decline in revenue warrants attention, especially given the year-over-year growth.