WPP PLC

WPP: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 858.00	Fxvdnj	Mzkmxrv

WPP Earnings: Higher Exposure to Tech Clients and Lack of a Simple Solution Pitch Affecting Growth

Ali Mogharabi

Oct 26, 2023

WPP reported another disappointing quarter, unlike two of its largest competitors, Publicis and Omnicom. Like IPG, WPP’s higher exposure to technology clients, the largest of which have cut their advertising and marketing spending, drove organic net revenue down. We expect most firms in that sector to increase their spending in 2024.

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