Omnicom beats results estimates on ad market strength

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Grandpere’s love builds a Viking ship in West Pubnico | SaltWire - Omnicom beat Wall Street targets for third-quarter results on Tuesday as demand for its marketing services jumped ahead of the all-important holiday shopping season.

Omnicom's revenue grew nearly 4% to $3.58 billion in the quarter ended Sept. 30, compared with a consensus estimate of $3.55 billion from six analysts polled by LSEG. Omnicom, which competes with The Interpublic Group of Companies and UK's WPP, is one of the world's biggest integrated advertising and communications firms with more than 5,000 customers.The positive results come after tepid growth at the firm over recent years, amid a tight spending environment caused by high inflation and raised interest rates.

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