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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.