Havas reported a 2.1% net revenue gain to 654 million euros for the third quarter, with organic growth (which excludes currency and M&A impact) of 4.5%. 

Parent company Vivendi reported results today after the close of the trading day in Paris, indicating that Havas and media company Canal+ were primary growth drivers. 

Havas is the third major ad holding group to report Q3 results following Publicis Groupe and Omnicom, which achieved organic growth of 5.3% and 3.3% respectively, Interpublic reports on Friday. 

For the full year, Omnicom is expecting 4% organic growth while Publicis Groupe upgraded its outlook to between 5.5% and 6% growth. Vivendi did not offer full-year growth guidance for Havas in its Q3 earnings report. But for the first nine months of the year Havas grew organically by 4.3%. 

All divisions and geographic regions reported some growth. The company didn’t break out growth of individual units. By region North America was up 3% and Europe 1.5%. Asia Pacific gained 2% and Latin America, its smallest region, was up 51%.  

To date, the firm has completed six acquisitions in 2023, including a majority stake in UK creative agency Uncommon Creative Studio. In September Havas unveiled plans to create a new retail network in partnership with ecommerce software company Mirakl. And earlier this month Havas extended its partnership with Adobe to provide it access to Adobe generative AI tools including Adobe Firefly.  

For the first nine months Havas had net revenues totaling more than 1.9 billion euros, up 4% versus the prior year.