WPP plc (WPP) Q2 2025 Earnings Call

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WEBVTT 00:00:01.668 -- 00:00:07.594 Good morning, ladies and gentlemen, and welcome to WPP 2025 Interim 00:00:07.594 -- 00:00:13.019 Results Conference Call and Webcast. At this time, all participants are in listen-only 00:00:13.019 -- 00:00:17.843 mode. After the speaker's presentation, there will be a question-and-answer session, 00:00:17.843 -- 00:00:23.469 at which time, if you wish to ask a question, please press star 1 00:00:23.469 -- 00:00:28.415 on your telephone keypad. Today's conference is being recorded. 00:00:28.415 -- 00:00:32.602 Now I would like to hand it over to WPP CEO, Mr. 00:00:32.602 -- 00:00:35.620 Mark Reid. Please go ahead, sir. 00:00:35.620 -- 00:00:41.545 Thank you very much and good morning everybody and welcome to our 2025 interim 00:00:41.545 -- 00:00:44.068 results earnings call and thank you for joining us. 00:00:44.068 -- 00:00:49.092 I'm on today's call with Joanne Wilson, our CFO, Brian Lesser, the 00:00:49.092 -- 00:00:54.317 CEO of WPP Media and Tom Singlehurst, our Head of Investor Relations. 00:00:54.317 -- 00:00:59.241 And before we get started, please do look at the cautionary statement which you can see 00:00:59.241 -- 00:01:04.510 on slide two and read that carefully. 00:01:04.510 -- 00:01:10.155 So turning to the highlights on page five of the presentation. 00:01:10.155 -- 00:01:14.259 First in terms of the first half performance for 2025. 00:01:14.259 -- 00:01:19.944 When we updated you in early July we went through how a more challenging macro environment 00:01:19.944 -- 00:01:24.388 coupled with a slower net new business environment had weighed in our performance in 00:01:24.388 -- 00:01:29.072 the second quarter and in particular in June and Joanne will take you through the details 00:01:29.072 -- 00:01:33.576 shortly b...