Adam Berlin

Adrien de Saint Hilaire

Annick Maas

Julien Roch

Laura Metayer

Steve Liechti

- WPP plc reported **Q3 2025 revenue less pass-through costs** of **£2,459 million**, marking a **5.9% like-for-like (LFL) decline**, and **year-to-date (YTD) revenue less pass-through costs** of **£7,485 million**, a **4.8% LFL decline**, with performance at the **low-end of expectations**.  **[806968_0001654954-25-012352_a4815f.htm:4]** **[806968_0001654954-25-012352_a4815f.htm:5]** **[806968_0001654954-25-012352_a4815f.htm:6]** 
- The company **revised its FY 2025 guidance** for **LFL growth in revenue less pass-through costs** to **-5.5% to -6.0%**, a downgrade from the previous -3% to -5%, and expects a headline operating profit margin of around **13%**.  **[806968_0001654954-25-012352_a4815f.htm:4]** **[806968_0001654954-25-012352_a4815f.htm:5]** **[806968_0001654954-25-012352_a4815f.htm:7]** 
- **Cindy Rose** became **CEO** on **September 1, 2025**, and has initiated a **strategic review** to address the "unacceptable" recent performance, aiming to return to growth and strengthen execution.  **[806968_0001654954-25-012352_a4815f.htm:4]** **[806968_0001654954-25-012352_a4815f.htm:5]** 
- WPP extended its **partnership with Google** for cloud and AI technology and launched **WPP Open Pro**, a new AI platform edition, with **76,000** client-facing staff (over **90%**) actively using WPP Open monthly in September.  **[806968_0001654954-25-012352_a4815f.htm:5]** **[806968_0001654954-25-012352_a4815f.htm:9]**

WPP Reports Q3 2025 Results, Revises FY 2025 Guidance, and Initiates Strategic Review

- WPP reported a **5.9%** like-for-like decline in revenue less pass-through costs for Q3 2025, with overall revenue less pass-through costs down **11.1%** in the quarter.  **[0000806968_2214930_1]** 
- The company revised its full-year 2025 like-for-like guidance to a decline of **-5.5% to -6%** (from -3% to -5%) and expects headline operating margin to be around **13%**.  **[0000806968_2214930_3]** **[0000806968_2214930_4]** 
- Adjusted net debt was **£3.6 billion** at the end of September 2025, with the average adjusted net debt to headline EBITDA ratio projected to be slightly above **2 times** at year-end.  **[0000806968_2214930_3]** 
- New CEO Cindy Krum, 60 days into her role, is focused on simplifying the client offer, improving execution, expanding into enterprise and technology solutions, and strengthening financial foundations, with a strong emphasis on AI and the WPP Open platform, including the launch of WPP Open Pro for smaller clients.  **[0000806968_2214930_5]** **[0000806968_2214930_6]**

WPP Revises Full-Year Guidance Downward Following Q3 2025 Performance

- WPP plc received a notification on **September 16, 2025**, from **Schroders Plc** regarding a major holding.  **[806968_0001654954-25-010891_a8941z.htm:4]** 
- **Schroders Plc** crossed a threshold on **September 15, 2025**, due to an acquisition or disposal of voting rights and/or financial instruments.  **[806968_0001654954-25-010891_a8941z.htm:4]** 
- As a result, **Schroders Plc** now holds a total of **5.028373%** of the voting rights in WPP plc, representing **54,246,227** voting rights.  **[806968_0001654954-25-010891_a8941z.htm:4]**  This total comprises **5.017874%** from shares and **0.010499%** from financial instruments (CFDs).  **[806968_0001654954-25-010891_a8941z.htm:4]**

WPP plc Receives Notification of Major Holding by Schroders Plc

- **Andrew Scott**, WPP's **Chief Operating Officer** and a **Board member**, will **retire** from both roles at the end of the year.  **[806968_0001654954-25-010192_a3037x.htm:4]** 
- Scott, who joined WPP in **1999**, was appointed global COO in **2018** and to the Board in **2023**.  **[806968_0001654954-25-010192_a3037x.htm:4]** 
- He was instrumental in the company's development and growth, leading **M&A activity** and strategic disposals, including the sale of **60% of Kantar**.  **[806968_0001654954-25-010192_a3037x.htm:4]** 
- He will work with incoming CEO **Cindy Rose** to transition his responsibilities and support strategy execution as a Senior Advisor.  **[806968_0001654954-25-010192_a3037x.htm:4]**

WPP (WPP)