Edelman’s Growth in 2016 Only 1.7%
Edelman just released their financial information from 2016. They reported $875 million in revenue, but that was only 1.7% growth at the world’s largest PR firm from 2015 on like-for-like. Richard Edelman, CEO, said: “It’s a pause,” and blamed economic uncertainty as well as digital change and healthcare issues. He also said: “We worked really hard. It’s more of a macroeconomic and political kind of context. I think clients just got cautious. It’s a pause.”
Noting that much of their slowdown came from the UK and Europe, an occurrence strongly associated with Brexit as well as with cautious US clients beginning mid-year, the firm expressed cautious optimism for the future, pointing out that countries such as Japan, India, Korea, and France performed beautifully. China and the Middle East, though, were also slower.





