Omnicom Q3 Earnings: PR Revenue Down 15%

Omnicom Group Inc. (NYSE-OMC) reported a 14.9% decline in PR revenues as part of the company’s Q3 earnings, released today. The PR decline is in line with the holding company’s worldwide revenue, which decreased by 14.4%. However, the decline is more than the company’s advertising holdings, which declined 11.6%. Year to date, PR has declined 16.7% and accounts for $798m in revenue. Advertising has declined 13.5% and accounts for approximately $3.7b in revenue.

The company’s stock is down $.48, or about 1.2% as of 9:40 ET this morning. Omnicom’s PR holdings include Fleishman-Hillard, Porter Novelli, Ketchum, and Brodeur.

Create a social media strategy, launch your campaign, and track the results in our Social Media Marketing Boot Camp starting February 16. The online event and workshop will feature speakers including The Onion‘s Baratunde Thurston (left), Facebook’s Morin Oluwole, and bitly’s Tim Devane. Register now.