Havas delivers robust Q3 2025 results, elevates full-year outlook

French advertising network Havas reported on Tuesday, 14 October, a strong third-quarter performance in 2025, achieving a 3.8 percent organic growth in net revenue, driven by significant gains in the United States, APAC and Africa regions.

It posted net revenue of 656 million euros, up +3.8 percent organically compared to the same period of 2024, which benefited from a favourable level of comparison (organic growth of -2.3 percent in third-quarter 2024). This performance is attributable to underlying business development in each division during the third quarter of 2025, notably in the Healthcare division.

Changes in the scope of consolidation had a positive 1.0 percent impact on net revenue, while changes in foreign exchange rates had a negative 3.9 percent impact. This impact is notably due to the decrease in the US dollar and Latin American currencies compared to the same period last year (for detailed figures, please see the appendix to this press release).

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For the first nine months of 2025, Havas recorded organic growth of +2.8 percent. This satisfactory performance is notably sustained by robust growth recorded with the Group's top 30 clients, in accordance with the strategy of boosting service cross-fertilization with existing clients (In-Business).

In response to these positive developments, Havas has revised its full-year 2025 guidance upwards, now projecting net revenue organic growth between 2.5 percent and 3.0 percent, and an adjusted EBIT margin improvement of approximately 50 basis points, reaching around 12.9 percent.

Yannick Bolloré, CEO and Chairman of Havas, said in a statement: “Havas delivered a strong third quarter, achieving +3.8 percent organic growth in net revenue and demonstrating impressive commercial momentum, with notable new business wins both during the period and more recently, establishing a strong foundation for the future. Our Converged.AI strategy continues to drive measurable impact, helping clients operationalize AI across their marketing ecosystems with greater precision and efficiency. The launch of Horizon Global, our new joint venture with Horizon Media, marks a major strategic milestone… We remain committed to our strategic objectives and focused on scaling innovation, creativity, and performance across all markets. I want to thank our teams for their dedication and our clients for the trust they place in us.”

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Region Wise

Europe: In the third quarter of 2025, net revenue was up +1.9 percent in Europe on an organic basis, compared to the same period in 2024. The United Kingdom (especially Havas Creative and Havas Media) delivered robust net revenue organic growth, while France recorded a negative performance, mainly due to an unfavourable comparison basis last year (Olympic Games).

North America: The region once again recorded solid momentum, turning in a very strong organic performance of +7.4 percent versus the same prior-year period. While the region benefited from a favourable comparison basis during the quarter, it is important to note that Havas Health – which recorded double digit organic growth in the third quarter of 2025 – also succeeded in increasing the budgets allocated by its existing clients, thereby demonstrating its capacity to generate growth momentum, as well as the renewed trust of its partners.

APAC & Africa: After a negative performance in the second quarter of 2025, the region returned to positive organic growth, with net revenue up +8.2 percent in the third quarter compared to the same period last year.

Latin America: Revenue contracted by -4.6 percent in the region in the third quarter of 2025 compared to the same period of 2024, impacted by the very unfavourable comparison basis last year (+18.3 percent organic growth in third-quarter 2024) and less client spending in Brazil and Chile. Organic growth remained satisfactory for the first nine months of 2025, up +3.8 percent compared to the same period of last year.