Covid-related weakness in China offset resilience in European markets during the second half of the year.
Ad revenue across Google properties was $2.2 billion lower in the quarter than a year prior as shrinking brand budgets spread to search.
Transformation and ecommerce services helped boost underlying profit 44% as Dentsu sets aside a new fund for acquisitions.
Merkle was a rare bright spot as the holding company outlines a new four-year management plan.
As its subscriber base crosses 200 million, the video streamer's annual revenue grew 24% year-over-year to cross $25 billion. Operating profit was up 76% to $4.6 billion.
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