Omnicom Group (OMC) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier. The increase from the prior quarter was larger than the increase from the year-ago period.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier. The increase from the prior quarter was larger than the increase from the year-ago period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.1B
Revenue reported for this quarter.
Quarter-over-quarter
+13.5%
Change from the immediately preceding quarter.
Year-over-year
+5.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.7B
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 |
|---|---|---|
| Mar 31, 2023 | $3.4B | +1.0% |
| Jun 30, 2023 | $3.6B | +1.2% |
| Sep 30, 2023 | $3.6B | +3.9% |
| Dec 31, 2023 | $4.1B | +5.0% |
Revenue performance
The reported revenue was higher than the preceding quarter, reflecting a sequential increase. It also exceeded the level from the same quarter one year earlier.
Quarterly comparison
When compared with the immediate prior quarter, the revenue growth was substantial. The year-over-year comparison also showed an increase, though at a more moderate pace.
What to watch
The year-over-year revenue growth rate has accelerated in each successive quarter of the fiscal year.