Havas posts $700 million in net revenue in Q3 of 2024
Havas’ acquisitions had a 3% impact on its net revenue with contributions from Uncommon Creative Studio, Eprofessional, Shortcut and Ledger Bennett, according to a news report
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Published: Oct 24, 2024 2:56 PM | 1 min read
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Global communications giant Havas’ net revenue has reportedly declined by 0.5% in Q3 of 2024, falling from €654 million ($705 million) to €650 million ($700 million) year on year.
A news report said that Havas’ performance in Europe was good with net revenue seeing a 3.5% YoY increase to €320 million ($345 million).
In Latin America, its net revenue reportedly surged by 9.6% to €49 million ($53 million).
The report quoted Yannick Bolloré, chairman of Vivendi’s supervisory board, and Arnaud de Puyfontaine, chief executive at Vivendi, who said that Havas’s performance was “particularly driven by Havas Media and the Europe and Latin America regions”.
Havas’ net revenue in North America declined by 8.6% YoY to €219 million ($236 million) and in Asia-Pacific and Africa, it increased by 3.2% to €62 million ($67 million).
Havas’ acquisitions had a 3% impact on its net revenue with contributions from Uncommon Creative Studio, Eprofessional, Shortcut and Ledger Bennett, said the report.
The news report said that during the first 9 months of 2024, its net revenue increased by 2.1% year on year to €2 billion ($2.15 billion).
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