Publicis again beat expectations. Organic net revenue was up +5.3% driven by Media and Epsilon. Europe was fast-growing, above expectation. In the US (60% of net revenue), Publicis was impacted by the ongoing challenging environment which led to some cuts in classic advertising and delayed projects in digital transformation. Based on the good numbers in the first nine months, Publicis upgraded its organic net revenue growth guidance to +5.5-6.0% and is expecting an operating margin rate of 18.0% ....
