15 Apr 2026 1:38 AM
Havas reports 2.5% growth in the first quarter of 2026
Majority of the growth comes from North America, where the company grew by more than 7%.
Growth in India remained 'strongly positive' during the first half of the year.
Jul 23, 2026, 11:09 pm
Havas' second-quarter net revenue was up by 3.8% to reach 724 million euros, while the company saw organic growth of 2.5% in the first half of 2026.
The company attributed the growth to a stronger M&A contribution and the lower negative impact of foreign exchange currencies.
The net revenue totalled 1,362 million euros.

Yannick Bolloré, chairperson and CEO, Havas, said, “Havas delivered a solid first-half performance in 2026, achieving organic growth of +2.5% and a further 30 basis-point improvement in adjusted EBIT margin. This performance reflects the resilience of our model, the strength of our client relationships, and the continued success of our Converged strategy."
He added, "We are seeing momentum in new business across the group. We are also pleased with the progress at Horizon Global, our joint venture with Horizon Media, as we continue to build a differentiated approach for modern marketers. Additionally, we continue to invest in areas of growing client demand through targeted acquisitions that strengthen our capabilities in sports marketing, experiential activation, and corporate influence, helping our clients build more desirable brands and forge deeper connections with consumers. As our industry evolves, we remain convinced that agencies closest to clients’ needs and businesses, combined with the power of our Converged.AI operating system and our disciplined investment in AI, are best positioned to adapt quickly, anticipate client challenges, and unlock growth. I would like to thank our clients for their continued trust and our teams around the world for their commitment and outstanding work.”
The revenue in the first half of 2026 increased by +0.6% to 1,416 million euros, while pass-through costs declined by -12.9%.
Net revenue was 1,362 million euros, up +2.5% on an organic basis (compared with +2.3% one year earlier), in the mid-point of the full-year 2026 guidance.
Changes in the scope of consolidation had a positive +2.1% impact on growth, while changes in foreign exchange rates had a negative -3.4% impact, mainly reflecting the evolution of the US dollar, British pound, Indian rupee and Argentine peso.
Havas Creative contributed 42% of the net revenue, followed by Havas Media (38%) and Havas Health (20%).
In Europe (50% of net revenue), organic growth was +0.7% compared with first-half 2025.

In North America (35% of net revenue), after a very good start to the year, the American agencies maintained their strong momentum on net revenue with 6.4% organic growth in the second quarter of 2026, driven by both the Creative and Media segments. North America’s year-on-year performance remained particularly strong in the first half of 2026, at 6.9%.
Asia Pacific & Africa contributed 8% of the net revenue. It recorded negative organic growth of -3.5% in the second quarter. The region continued to be impacted by China and the Middle East, where the decline continued in the second quarter in connection with the geopolitical conflict over the period. India remained strongly positive. Organic growth came out at -4.8% for the first six months of 2026.
Latin America (7% of net revenue): the region recorded strong business activity and returned to growth in the second quarter of 2026 (following a contraction in the first quarter), with net revenue increasing by +7.7% year on year. Latin America posted organic growth of +4.0% in the first six months of the year.
Source: MANIFEST MEDIA