WPP PLC (WPPGY,WPP.L), a British media company, on Tuesday reported a decline in revenue for the first quarter of fiscal 2026.
For the first quarter, the company recorded revenue of GBP 3.030 billion, a drop of 6.6% from last year. Like-for-like revenue was down by 4%. Revenue less pass-through costs was GBP 2.260 billion, down 8.9% from the previous year.
The company's Global Integrated Agencies business reported revenue less pass-through costs of GBP 1.950 billion, less than GBP 2.146 billion a year ago. This decline was due to the prior year client losses.
Looking ahead, WPP PLC reaffirmed its outlook: "We anticipate LFL revenue less pass-through costs to decline in the mid to high-single digits in the first half of 2026 with an improving trajectory in the second half and expect headline operating profit margin for the full year to be 12% to 13%."
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