Omnicom Group (OMC) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter was lower than the prior quarter but higher than the same quarter a year ago. The sequential decline contrasts with the year-over-year growth.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter was lower than the prior quarter but higher than the same quarter a year ago. The sequential decline contrasts with the year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.6B
Revenue reported for this quarter.
Quarter-over-quarter
-0.9%
Change from the immediately preceding quarter.
Year-over-year
+3.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.5B
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 |
|---|---|---|
| Dec 31, 2022 | $3.9B | +0.3% |
| Mar 31, 2023 | $3.4B | +1.0% |
| Jun 30, 2023 | $3.6B | +1.2% |
| Sep 30, 2023 | $3.6B | +3.9% |
Revenue performance
Reported revenue decreased compared to the immediately preceding quarter, reflecting a sequential contraction.
Quarterly comparison
Compared with the same quarter one year earlier, revenue increased. The sequential decline from the prior quarter marks a reversal from the prior trend of sequential gains.
What to watch
The sequential revenue decline warrants attention given the prior quarters had shown consecutive increases.