WPP (LON:WPP) Full Year 2024 Results

Key Financial Results

• Revenue: UK£14.7b (flat on FY 2023).
• Net income: UK£542.0m (up 393% from FY 2023).
• Profit margin: 3.7% (up from 0.7% in FY 2023).
• EPS: UK£0.50 (up from UK£0.10 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

WPP EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%.

The primary driver behind last 12 months revenue was the Global Integrated Agencies segment contributing a total revenue of UK£12.6b (85% of total revenue). Notably, cost of sales worth UK£12.3b amounted to 83% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£1.14b (60% of total expenses). Explore how WPP's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 8.6% p.a. on average during the next 3 years, while revenues in the Media industry in the United Kingdom are expected to grow by 1.8%.

Performance of the British Media industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with WPP, and understanding this should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.