Omnicom Group (OMC) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter was lower compared to the immediately preceding period. It remained higher than the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter was lower compared to the immediately preceding period. It remained higher than the same quarter one year earlier.
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
-10.6%
Change from the immediately preceding quarter.
Year-over-year
+5.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.9B
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, 2023 | $3.6B | +1.2% |
| Sep 30, 2023 | $3.6B | +3.9% |
| Dec 31, 2023 | $4.1B | +5.0% |
| Mar 31, 2024 | $3.6B | +5.4% |
Revenue performance
Reported revenue declined from the prior quarter, reversing the growth seen in the previous sequential period.
Quarterly comparison
Compared to the same quarter one year ago, revenue increased, while it decreased relative to the immediately preceding quarter.
What to watch
The sequential revenue drop may warrant monitoring for any underlying demand or seasonal patterns.