Dentsu Group reported a net revenue gain of 32.5% in the third quarter to 256 billion Japanese yen (approximately $2.25 billion).
The Tokyo-based advertising and marketing holding company reported groupwide organic revenue growth of 27.8%.
Dentsu International (operations outside Japan) reported organic growth of 13.4% boosted in part by a 17.3% surge in media operations and strong performances from commerce and customer experience operations.
The company upgraded its guidance for the full year forecasting 12% organic growth for the group, including 17% organic growth for operations in Japan and high-single-digit growth for Dentsu International.
The Americas operation reported 16.3% organic growth in the third quarter and 8.8% growth for the first nine months of the year. In the U.S. Q3 organic growth was 16% which the company said was driven by a 25% growth spurt for media, “with the month of September particularly strong.”
The creative business in the Americas posted growth of 20%, driven in part by project work from existing clients and the continuing recovery of experiential marketing amid some easing of the pandemic.
Organic growth in the Europe, Middle East & Africa region was nearly 13% in Q3 and 10% for the first nine months. The comparable figures for the Asia Pacific region (excluding Japan) were 7.6% and 5%.
Separately, the company reported a CEO switch and other top management changes, including naming longtime company veteran Tim Andree as non-executive chairman.