Research analysts who have asked questions during WPP earnings calls.
AB
Adam Berlin
UBS Group AG
2 questions for WPP
Also covers: IPG, OMC, PSO +3 more
Ad
Adrien de Saint Hilaire
BofA Securities
2 questions for WPP
Also covers: IPG, OMC, PUBGY +2 more
AM
Annick Maas
Sanford C. Bernstein & Co., LLC
2 questions for WPP
Julien Roch
Barclays
2 questions for WPP
Also covers: IPG, PUBGY, UNVGY
Laura Metayer
Morgan Stanley
2 questions for WPP
SL
Steve Liechti
Deutsche Numis
2 questions for WPP
Also covers: PSO, RELX
Recent press releases and 8-K filings for WPP.
WPP plc Reports BlackRock, Inc. Change in Major Holdings
WPP
Proxy Vote Outcomes
- BlackRock, Inc. notified WPP plc of a change in its major holdings, with the threshold crossed on December 19, 2025.
- BlackRock, Inc.'s total voting rights in WPP plc decreased from 12.24% in the previous notification to 9.93%.
- As of December 19, 2025, BlackRock, Inc. held a total of 107,478,863 voting rights in WPP plc, comprising 8.29% attached to shares and 1.64% through financial instruments.
Dec 22, 2025, 3:24 PM
WPP Prices €1,000 Million Bond Issuance
WPP
Debt Issuance
- WPP plc successfully priced a €1,000 million, 5.5-year senior unsecured fixed-rate RegS bond issuance on December 2, 2025.
- The bonds will carry an annual coupon of 3.625% and are expected to be rated "BBB" by S&P and "Baa2" by Moody's.
- The transaction garnered significant investor interest, resulting in a 2.9 times oversubscription with a total order book exceeding €2.9 billion.
- WPP intends to use the net proceeds for general corporate purposes, including the refinancing of existing indebtedness.
Dec 2, 2025, 6:40 PM
WPP plc reports UBS Group AG's voting rights fall below 5% threshold
WPP
- WPP plc filed a Form 6-K on November 28, 2025, notifying of a change in major holdings.
- UBS Group AG-Investment Bank & Global Wealth Management reported that its trading book holdings in WPP PLC fell below the 5% reporting threshold, making them exempt from further reporting.
- On November 26, 2025, UBS Group AG's total voting rights in WPP plc decreased from a previous notification position of 5.183476% to 0.000000%.
Nov 28, 2025, 4:53 PM
WPP plc Reports Major Holdings Notification from UBS Group AG
WPP
Acquisition
Investment
- WPP plc received a Notification of Major Holdings on November 27, 2025, from UBS Group AG-Investment Bank & Global Wealth Management concerning an acquisition or disposal of voting rights.
- The threshold for this notification was crossed on November 25, 2025.
- The resulting total position of UBS Group AG-Investment Bank & Global Wealth Management in WPP plc on the date the threshold was crossed is detailed below :
| Metric | 25-Nov-2025 |
|---|---|
| % of voting rights attached to shares | 5.031210% |
| % of voting rights through financial instruments | 0.152266% |
| Total of both in % | 5.183476% |
| Total number of voting rights held in issuer | 55,919,465 |
Nov 28, 2025, 1:05 PM
WPP plc reports FIL Limited's increased stake
WPP
- WPP plc received a notification on November 3, 2025, from FIL Limited regarding an acquisition of voting rights.
- As of October 31, 2025, FIL Limited's total voting rights in WPP plc reached 8.917800%, an increase from a previous total position of 5.652800%.
- This total includes 8.583500% of voting rights attached to shares and 0.334300% through financial instruments.
- The 5% threshold was crossed upwards by Fidelity Investments Canada ULC, a controlled undertaking of FIL Limited.
Nov 4, 2025, 11:44 AM
WPP Reports Q3 2025 Results, Revises FY 2025 Guidance, and Initiates Strategic Review
WPP
Earnings
Guidance Update
Management Change
- 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.
- 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%.
- 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.
- 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.
Oct 30, 2025, 2:29 PM
WPP Reports Q3 2025 Performance and Revises Full-Year Guidance
WPP
Earnings
Guidance Update
Demand Weakening
- WPP reported a 5.9% decline in like-for-like revenue less pass-through costs for Q3 2025, resulting in a year-to-date decline of 4.8%.
- The company revised its full-year 2025 like-for-like guidance to a decline of -5.5% to -6%, a downward adjustment from the previous range of -3% to -5%.
- This revised guidance implies a 7.5% to 9.5% like-for-like decline in Q4 2025, primarily due to the full impact of significant client losses and continued volatility in client spending.
- WPP's adjusted net debt was GBP 3.6 billion at the end of September 2025, with total available liquidity across the group at GBP 2.9 billion.
- CEO Cindy Rose highlighted a strategic focus on simplifying client offerings, leveraging data and AI, improving execution, and expanding the addressable market, including the launch of WPP Open Pro.
Oct 30, 2025, 9:30 AM
WPP Reports Q3 2025 Decline and Revises Full-Year Guidance
WPP
Earnings
Guidance Update
Demand Weakening
- WPP reported a 5.9% like-for-like revenue less pass-through costs decline in Q3 2025, leading to a 4.8% year-to-date decline.
- The company revised its full-year like-for-like guidance to a decline of -5.5% to -6%, expecting headline operating margin to be around 13%.
- This weaker performance is attributed to client losses, volatility in client spending patterns, and FX headwinds, particularly impacting media, CPG, automotive, and technology sectors.
- New CEO Cindy Rose outlined a strategic focus on improving execution, simplifying client offerings, and leveraging AI and data through platforms like WPP Open Pro to expand market reach.
- WPP maintains an investment-grade balance sheet with £2.9 billion in liquidity as of September 2025.
Oct 30, 2025, 9:30 AM
WPP Revises Full-Year Guidance Downward Following Q3 2025 Performance
WPP
Earnings
Guidance Update
Demand Weakening
- 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.
- 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%.
- 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.
- 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.
Oct 30, 2025, 9:30 AM
WPP plc Receives Notification of Major Holding by Schroders Plc
WPP
- WPP plc received a notification on September 16, 2025, from Schroders Plc regarding a major holding.
- Schroders Plc crossed a threshold on September 15, 2025, due to an acquisition or disposal of voting rights and/or financial instruments.
- 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. This total comprises 5.017874% from shares and 0.010499% from financial instruments (CFDs).
Sep 18, 2025, 11:28 AM
Quarterly earnings call transcripts for WPP.
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