SCPPF - S4 Capital plc (SCPPF) Q1 2024 Earnings Call Transcript
2024-05-10 13:47:08 ET
S4 Capital plc (SCPPF)
Q1 2024 Earnings Conference Call
May 10, 2024, 08:00 AM ET
Company Participants
Martin Sorrell - Executive Chairman
Mary Basterfield - Chief Financial Officer
Scott Spirit - Chief Growth Officer
Conference Call Participants
Joe Spooner - HSBC
Presentation
Operator
Hello and thank you for joining us today. Our first quarter performance was in-line with expectations. Net revenue of $186 million decreased 15% reported or 12% like-for-like operational EBITDA for the quarter was also in-line with our expectations, reflecting both lower activity levels and the benefits of cost reductions made in 2023.
We maintain our full year guidance and clients remain cautious in the near-term as market uncertainty remains, but we are managing through this. At a practice level for the full year, we continue to expect content to deliver an improvement in EBITDA and margin driven by cost reductions made last year and data and digital media to perform in-line with 2023 on both top and bottom-line with some margin improvement....
S4 Capital plc (SCPPF) Q1 2024 Earnings Call Transcript