Narrow-Moat Omnicom Benefiting From the Return of Ad Spending Post Pandemic

Omnicom is the second-largest player (based on annual revenue) within the advertising space. Compared with its peers, the firm has attained that position less through acquisitions and more through organic growth. With very well-recognized creative agencies and subholding companies such as BBDO and DDB, we expect Omnicom to maintain its market position as it generates competitive organic growth, continues to make acquisitions, and increases focus on the faster-growing emerging markets and the overall digital ad markets.