The numbers

$4 billion — Omnicom Group’s Q2 2025 revenue, a 4.2% increase year-over-year.

3% — Organic revenue growth for Q2 2025, led by its media and advertising (8.2%) and precision marketing (5%) divisions.

2.5% to 4.5% — The holding company’s forecasted organic revenue growth for 2025.

Watercooler talk

Last month, the Federal Trade Commission (FTC) approved a consent order barring Omnicom and Interpublic Group (IPG) from engaging in politically motivated ad boycotts, bringing the two one step closer to regulatory approval of the deal in the world’s largest advertising market.

CEO John Wren told investors on the earnings call that he believes the acquisition will close “in just a few months,” and that Omnicom has earned 13 out of 18 regulatory approval votes, including from the U.S. Chief financial officer Phil Angelastro declined to disclose which countries are holding out on approval, but said the European Union is the largest. Wren said that he thinks the remaining countries were waiting on U.S. approval before finalizing their decisions.

Regarding tariffs, Angelastro said the impact on Omnicom has been mixed. Some of Omnicom’s clients have “probably” paused spend while others have continued investing “depending on what their investments were,” he said.

Key quote

“We’re very comfortable with the guidance that we previously have given you and we’re sticking with it,” said Wren of Omnicom’s full year growth forecast. “We don’t plan based upon wonderful macro conditions suddenly changing overnight, there’s still going to be some challenges as we go forward. I think Washington [D.C.] will bring a lot of clarity over the rest of this quarter, and then we’ll be able to plan better as move into the fourth quarter and into the future.”