Bold call: The holdco era is over. The operating company age is here — for real this time

The holdco era is over. The operating company age is here — for real this time

It’s clear the holding company era is finished. The future belongs to operating companies, where agencies function as a cohesive whole rather than a collection of loosely connected firms.

Additional coverage:

• Across the board, there have been precipitous ad tech stock price declines, even if earnings are on the rise.
• WPP and Stagwell painted considerably different portraits of the future in the guidance they offered for the rest of 2025. Read this week's Digiday+ Media Buying Briefing.
• Contextual ad tech firms are focusing on signal loss fears, AI and brand safety to snare more clients.
• DoubleVerify and Integral Ad Science issued earnings calls after critical reports.
• In light of changes to corporate and federal diversity, equity and inclusion policies, Hyundai says its multicultural marketing efforts and budget commitments will remain in place.