US EditionWPP Plunges 16%, Leads FTSE 100 Lower On Profit Warning
GREATER LONDON, ENGLAND, JUL 9 – WPP expects full-year revenue to fall 3% to 5% amid declining client spending and restructuring costs impacting profit margins, the company said.
- On July 8, 2025, WPP, the UK-based advertising group, lowered its full-year guidance forecasting second-quarter revenue declines of 5.5% to 6%, below previous estimates.
- This forecast downgrade follows deteriorating market conditions, client losses including Mars and Coke moving accounts to rivals, and restructuring pressures weighing on margins.
- WPP reported North American like-for-like revenues down low single digits for the first half, with operating profit margins expected to drop 280 to 330 basis points to 8%-8.5%.
- CEO Mark Read stated the trading environment has been challenging since early 2025, with worsening June performance and lower net new business, while shares fell 46% over the past year.
- Read plans to retire on December 31, 2025, with Microsoft executive Cindy Rose set to succeed him on September 1 amid ongoing leadership transition and calls for strategic renewal.
Insights by Ground AI
Does this summary seem wrong?
31 Articles
31 Articles
WPP names Microsoft exec Cindy Rose as new CEO
LONDON :British ad group WPP named board member Cindy Rose as its new chief executive on Thursday, handing the top job to a senior executive from Microsoft a day after it downgraded profit forecasts. Rose has been on the board since 2019 and will take over from outgoing CEO Mark Read on Sept. 1, the company s
·Singapore
Read Full Article
Advertising Giant WPP’s Shares Plunge 18% As Economic Uncertainty, AI Threat Dim Forecasts
Shares in London-based advertising giant WPP plunged 18% on Wednesday, stoking broader anxiety about the state of the ad business. The stock settled at $29.34, its lowest point since the onset of Covid in 2020, after lackluster quarterly earnings results and the company’s unexpected lowering of profit forecasts. WPP cited a combination of client defections […]
·Los Angeles, United States
Read Full Article
Coverage Details
Total News Sources31
Leaning Left1Leaning Right0Center9Last UpdatedBias Distribution90% Center
Bias Distribution
- 90% of the sources are Center
90% Center
C 90%
Factuality
To view factuality data please Upgrade to Premium
