WPP publishes Q3 2026 trading update transcript
WPP•WPP reported a 2.1% decline in third-quarter like-for-like net sales and reiterated full-year operating margin guidance of 12%-13%. It expects fourth-quarter like-for-like net sales to decline toward the better end of its low-to-mid-single-digit range.
1. Trading update
WPP said third-quarter like-for-like net sales fell 2.1%, showing sequential improvement, while revenue rose 0.5%. Media returned to growth at 0.3%, although the company said timing benefits will reverse in the fourth quarter; Creative declined 5.1%. WPP reiterated full-year operating margin guidance of 12%-13% and said annualized savings from this year's restructuring actions will reach £250 million. It continues to expect a return to growth during 2027.
