Martin Sorrell-led S4 Capital, owner of Media.Monks, MightyHive and other agencies, has released a teaser of sorts for its upcoming fourth quarter and full-year earnings report. The firm has also announced that its Chief Financial Officer, Mary Basterfield, has given notice.  

The earnings news isn’t great but it’s not unexpected—the firm has cautioned several times in recent months that it would be losing ground for the full year 2024. 

The firm now estimates that the net organic revenue decline for 2024 will be approximately 11%. The company also disclosed that a non-cash impairment charge will be included in the full-year results, currently scheduled to be released on March 24.  

The firm said it would offer more detailed guidance at that time on the outlook for 2025. “Current indications are for net revenue and operational EBITDA [earnings before interest, taxes, depreciation and amortization] to be broadly similar in 2025 to 2024.” 

Basterfield has been with the company for over three years. The company said she’s given a year’s notice and will continue working in her current post and participate in the search for her successor.