Omnicom Group Reports First Quarter 2018 Results

Omnicom's worldwide revenue in the first quarter of 2018 increased 1.2% to $3,629.6 million from $3,587.4 million in the first quarter of 2017. The components of the change in revenue included an increase in revenue from the positive foreign exchange rate impact of 4.2%, a decrease in acquisition revenue, net of disposition revenue of 4.

2% and an increase in revenue from organic growth of 2.4% when compared to the first quarter of 2017. In addition, on January 1, 2018 we adopted FASB Accounting Standards Codification Topic 606 "Revenue from Contracts with Customers" ("ASC 606"). We elected to adopt ASC 606 applying the modified retrospective method. The effect on revenue in the first quarter of 2018 from adopting ASC 606 when compared to the first quarter of 2017 was a decrease in revenue of $42.5 million, or 1.2%.