WPP (WPP.US) performance warning + CEO succession crisis: Loss of key clients such as Mars leads to a downward revision of net revenue expectations by 3%-5%
According to the Zhitong Financial APP, the advertising industry giant WPP Plc. (WPP.US) based in London announced on Wednesday a downward revision of its performance expectations for 2025, intensifying the dilemma of finding a new CEO. According to the announcement, the full-year net income forecast after deducting transference costs is expected to decline by 3% to 5% year-on-year, further expanding from the previously predicted maximum decline of 2%; the operating profit margin may decline by up to 175 basis points year-on-year, contrasting with the previous expectation of a steady performance.
Latest