WPP's Australia business reported negative growth in the March quarter of -0.7%, according to the global advertising group’s presentation to market analysts.
The number is better than the overall 2.7% dip in the global business and compares to a drop of -5.5% in the UK.
The -0.7% like-for-like revenue less pass-through costs for Australia is also a better result than the -1.7% drop for the December quarter.
WPP posted a string of negative numbers for the three months to March, with revenue less pass-through costs down 2.7% to £2.482 billion.
The company noted “elevated macro uncertainty” but said its performance is consistent with expectations.
WPP reiterated its flat to -2% full year guidance as it restructures, shaving costs and simplifying its media buying unit GroupM.
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