Publicis Groupe’s net revenue in Q2 2025 was euro 3,617 million, up +4.6% from euro 3,458 million in 2024. Exchange rates had a negative impact of euro 139 million.
Acquisitions, net of disposals, accounted for an increase in net revenue of euro 101 million. Organic growth reached +5.9%.
| (in millions of euros) | Net revenue | Reported growth | Organic growth | |
|---|---|---|---|---|
| Q2 2025 | Q2 2024 | |||
| North America | 2,192 | 2,104 | +4.2% | +5.8% |
| Europe | 899 | 856 | +5.0% | +4.6% |
| Asia Pacific | 318 | 306 | +3.9% | +5.7% |
| Middle East & Africa | 104 | 100 | +4.0% | +8.8% |
| Latin America | 104 | 92 | +13.0% | +19.8% |
| Total | 3,617 | 3,458 | +4.6% | +5.9% |
North America net revenue was up +4.2% on a reported basis, including a negative impact of the US dollar to euro exchange rate. Organic growth in the region was +5.8%. In the US, organic growth came at +5.3%, driven by the very solid growth of Connected Media and Intelligent Creativity, confirming the strength of the Groupe’s integrated capabilities in the market where its model is the most advanced. Technology posted slight positive organic growth this quarter, in the context of delayed capex spending, seen across the entire IT services industry.
Net revenue in Europe was up by +5.0% on a reported basis and +4.6% organically. Organic growth in the UK was at +5.2% this quarter, including high-single-digit growth of Intelligent Creativity, and mid-single-digit growth for both Connected Media and Technology. Organic growth in France was almost flat, or up by a low-single digit when excluding Technology. Germany was slightly down organically, with high-single-digit growth in Connected Media, more than offset by a decline at Technology. Growth was a positive mid-single digit growth when excluding Technology. Central & Eastern Europe was strong at +9.9% on an organic basis, led by double digits at Connected Media and a mid-single-digit for Technology.
Net revenue in Asia Pacific recorded +3.9% growth on a reported basis and +5.7% on an organic basis. China was strong with +5.2% organic growth, on top of +10.5% in Q2 2024, benefitting from new business wins in Connected Media.
In Middle East & Africa, net revenue was up +4.0% on a reported basis, and +8.8% organically, largely driven by the double-digit-growth of Connected Media.
Net revenue in Latin America was up +19.8% organically, driven by both Connected Media and Intelligent Creativity. Reported growth was +13.0% after taking into account the depreciation of the Argentinian peso relative to the euro.
