Join us Sept. 24 in NYC to connect with execs from Digitas, Claire's, Marriott, Havas and others
WPP, the world’s largest advertising group, which includes Ogilvy and Mather and the Young and Rubicam Brands, earned 1 billion pounds in profit for the first time in its history, up 27.9 percent from 2009. Why? Social and mobile network advertising were an integral part of the group’s offerings, and this attracted skittish companies looking for creative advertising with high ROI. During tough economic times, like we’ve experienced in 2010, companies look to advertising as a sound investment, according to CEO Martin Sorrell.
“In Western markets we are seeing companies who are not investing in capacity, they’re afraid of making a mistake, so they instead invest in the brand,” Sorrell told Reuters. “You have $2 trillion sitting on the balance sheet of Western multinationals and they’re not spending it.” Sorrell recently stated during a presentation at the Mobile World Congress that the company was planning investment in “middle-stage, interesting companies that enhance our mobile offerings.” Sorrell also stated that although consumers are now spending 20-25 percent of their time online, WPP’s client base is only devoting 14 percent of their budgets to online. The potential to grow that percentage, according to Sorrell, is huge, as brands are drawn towards the “holy grail” of mobile advertising; effective location-based services.
Go to WPP’s reading room to download a multitude of resources from the group’s roster of digital agencies.
More in Media
Walmart adds marketplace data, deeper AI features to Scintilla insights platform
The upgrade includes access to marketplace data, customizable dashboards, custom alerts, a deeper version of its Marty agent and a closer link with the Scintilla data platform.
How women athletes are betting on the creator playbook
Women athletes are increasingly leaning on content creation to build their brand, grow their sports’ fandom, and help close salary gaps.
Axios preps new Axios Direct feeds for AI models, agents as revenue tops 2026 goal
Axios has reached its revenue goal for 2026. Now the news publisher is building a new revenue stream to keep up the pace in 2027 and beyond.