Key facts
- Third-quarter revenue less pass-through costs fell 2.1% on a like-for-like basis.
- Full-year headline operating margin is expected to be between 12% and 13%.
- WPP secured renewed partnerships with The Coca-Cola Company and DoorDash.
WPP Plc reported on Thursday that its turnaround plan is progressing, with a reduced like-for-like revenue decline in the third quarter. The British advertising group's revenue, excluding pass-through costs, fell 2.1% in the three months ended September 30, an improvement from the 2.8% decrease seen in the second quarter. The company reiterated its full-year financial guidance. CEO Cindy Rose highlighted renewed client partnerships with The Coca-Cola Company and DoorDash as evidence of commercial momentum. WPP shares have gained 14% so far this year.