WPP Sees Big Jump in Advertising Spending on Facebook This Year

Ad spending in the U.S. will benefit from this year's presidential campaign, according to Sir Martin Sorrell, CEO of advertising giant WPP. Sorrell also sees huge potential ad growth in mobile, noting that he expects a big jump in WPP's (WPP) - Get Report ad revenue on Facebook (FB) - Get Report this year. He also sees an increase in ad dollars on Google (GOOG) - Get Report . WPP reported quarterly results that showed an increase in both revenue and profit.