Core Viewpoint - Clear Channel Outdoor (CCO) is expected to report a significant decline in quarterly earnings and revenues, with earnings per share (EPS) projected at $0.01, an 80% decrease year-over-year, and revenues forecasted at $449 million, a 29% decline compared to the previous year [1] Earnings Projections - Analysts have maintained the consensus EPS estimate for the quarter over the last 30 days, indicating a reassessment of initial estimates [1][2] - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [2] Revenue Estimates - 'Revenue- Other' is estimated to be $24.14 million, reflecting a year-over-year decrease of 21.1% [4] - 'Revenue- Airports' is projected at $114.13 million, indicating a slight increase of 2.6% from the same quarter last year [4] - 'Geographic Revenue- Europe-North' is expected to reach $194.67 million, a 1.5% increase year-over-year [4] - 'Geographic Revenue- Americas' is forecasted at $314.56 million, showing a 5.4% increase from the prior-year quarter [5] Adjusted EBITDA Estimates - 'Adjusted EBITDA- Airports' is anticipated to be $28.53 million, down from $30.11 million in the same quarter last year [5] - 'Adjusted EBITDA- Other' is estimated at $3.75 million, compared to $7.80 million a year ago [6] - 'Adjusted EBITDA- Europe-North' is projected to be $51.02 million, slightly down from $52.45 million in the previous year [6] - 'Adjusted EBITDA- Americas' is expected to reach $140.65 million, up from $136.16 million year-over-year [6] Stock Performance - CCO shares have declined by 6.7% over the past month, contrasting with the Zacks S&P 500 composite's increase of 4.7% [7] - CCO holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [7]

Core Insights - Clear Channel Outdoor Holdings, Inc. is scheduled to present at Morgan Stanley's Technology, Media & Telecom Conference on March 4, 2025, at 2:35 p.m. Pacific Time [1] - The presentation will be available via live audio webcast and replay on the company's investor website [1] Company Overview - Clear Channel Outdoor Holdings, Inc. is a leader in the out-of-home advertising industry, focusing on innovation [2] - The company is expanding its advertising platform through digital billboards and displays, as well as integrating data analytics and programmatic capabilities [2] - By leveraging its diverse portfolio, the company connects advertisers with millions of consumers each month [2]

Core Viewpoint - Clear Channel Outdoor Holdings, Inc. has completed the sale of its businesses in Mexico, Peru, and Chile to Global Media US LLC, enhancing its focus on the American and Airports segments while improving its liquidity position [1][2][3]. Financial Summary - The company received $20 million in cash at closing, based on a $34 million Enterprise Value, and is eligible for an additional $1.25 million earn-out, subject to customary adjustments [2]. - The sale will be reported as discontinued operations in accordance with U.S. Generally Accepted Accounting Principles, affecting the presentation of prior period amounts in the financial statements [4]. Strategic Goals - The sale aligns with the company's strategic goals to optimize its portfolio and strengthen its balance sheet, as stated by the CEO [3]. - The transaction is expected to drive business growth for Global Vía Pública, leveraging their media platform for outdoor advertising campaigns [3]. Advisory and Support - Moelis & Company LLC was engaged as the financial advisor to assist with the sale process of the Latin American businesses [5]. Company Overview - Clear Channel Outdoor Holdings, Inc. is a leader in the out-of-home advertising industry, focusing on innovation through digital billboards and data analytics to enhance advertising effectiveness [6].

Core Viewpoint - Clear Channel Outdoor Holdings, Inc. is set to release its fourth quarter results for 2024 on February 24, 2025, and will host a conference call to discuss these results [1][2]. Group 1: Earnings Release and Conference Call - The earnings release will occur before the market opens at 7:00 a.m. Eastern Time [1]. - A conference call to discuss the results will take place at 8:30 a.m. Eastern Time, with specific numbers provided for both U.S. and international callers [2]. - Related earnings materials will be available on the company's website by 7:00 a.m. Eastern Time [2]. Group 2: Company Overview - Clear Channel Outdoor Holdings, Inc. is a leader in the out-of-home advertising industry, focusing on innovation [4]. - The company is expanding its advertising platform through digital billboards and data analytics, enhancing the effectiveness of advertising campaigns [4]. - By leveraging its diverse portfolio, the company connects advertisers with millions of consumers each month [4].

Core Insights - Clear Channel Outdoor has secured a 10-year partnership extension with Huntsville-Madison County Airport Authority, continuing a relationship that began in 1989, thus extending a 35-year partnership [1][2][3] Group 1: Partnership and Investment - The new advertising concession deal will introduce high-tech media solutions to Huntsville International Airport, enhancing brand experiences for the airport's 1.5 million annual passengers [1][3] - Clear Channel Outdoor's investment in the new media program aims to modernize advertising opportunities and align with the airport's terminal renovation project [4][3] Group 2: Airport Features and Recognition - Huntsville International Airport has been recognized as the 1 Best Small Airport in the 2024 Newsweek Readers' Choice Awards, known for its customer service and technological advancements [3] - The airport offers nonstop service to 14 destinations, making it the largest commercial airport in North Alabama [3] Group 3: Advertising Innovations - The new advertising network will feature impressive large LED video walls, a digital network integrated into the renovated gate hold area, and dynamic four-sided digital columns [6] - The advertising strategy will reduce static displays to enhance visibility and allow for more engaging ad campaigns throughout the airport [6]

Initiative Overview - The 'Game Changers' initiative, launched in 2023, aims to address the representational gap in mentorship by encouraging more Black men to become mentors and supporters [1] - In January, the digital billboard campaign will feature women 'Game Changers' from BBBSA's newest cohort, focusing on creating access and opportunity for youth, particularly girls and young women [2] - The initiative is driven by the belief that positive mentorship can significantly enhance self-esteem and confidence among girls, helping them navigate adolescence [3] Key Participants - The campaign includes prominent figures such as Carey Arensberg, Croix Bethune, Eden Bridgeman, Kardea Brown, Gizelle George-Joseph, Tammy Henault, Jeannie Mai, Sadé Muhammad, Paula Price, Marissa Solis, Sehr Thadhani, Lexi Underwood, Sybil Wilkes, Michelle Wong, Shelley Zalis, and Michelle Bell [4] Societal Impact and Data - Recent CDC data shows that 3 in 5 teen girls in the U.S. are facing significant mental health challenges, and the 2023 ROX Survey indicates declining confidence levels among girls compared to boys [5] - The partnership between Big Brothers Big Sisters of America and Clear Channel Outdoor aims to amplify the voices of these leaders and inspire more mentors to make a lasting impact on the next generation [6] Organizational Background - Big Brothers Big Sisters of America, founded in 1904, is the largest youth mentoring organization in the U.S., with over 230 local agencies serving more than 5,000 communities across all 50 states [7] - Clear Channel Outdoor Holdings, Inc. is a leader in the out-of-home advertising industry, leveraging digital billboards, data analytics, and programmatic capabilities to deliver measurable campaigns [9]

Transaction Overview - Clear Channel Outdoor Holdings Inc has entered into a definitive agreement to sell its Europe-North segment to Bauer Radio Limited for an expected purchase price of $625 million [1] - The all-cash consideration represents a transaction multiple of approximately 6.5x Europe-North segment results for the twelve months ended September 30, 2024 [2] - The transaction is expected to close in 2025, subject to regulatory approvals [3] Use of Proceeds - The company plans to use the anticipated net proceeds from the sale to prepay in full the outstanding CCIBV term loans in the principal amount of $375 million, plus any accrued interest [2] - The remaining expected net proceeds will be subject to the asset sale provisions of the agreements governing the remainder of the company's indebtedness [2] Strategic Rationale - The sale of the Europe-North segment is part of the company's strategic plan to optimize its portfolio and focus on growing its America and Airports segments to improve cash flow and reduce leverage [3] - Upon completion of this transaction, the company will have divested the substantial majority of its European operations [3] Accounting Treatment - The company's plan to sell the Europe-North segment met the criteria to be reported as discontinued operations during the fourth quarter of 2024 [4] - Starting with the release of the company's fourth quarter 2024 results, assets and liabilities of these discontinued operations will be presented separately in the company's Consolidated Balance Sheets [4] - Results of discontinued operations will be reported as a separate component of consolidated net loss in the company's Consolidated Statements of Loss [4] Financial Advisors - The company engaged Moelis & Company LLC and Deutsche Bank Securities Inc as financial advisors to assist with the process to sell the Europe-North segment [6] Company Overview - Clear Channel Outdoor Holdings Inc is at the forefront of driving innovation in the out-of-home advertising industry [7] - The company's dynamic advertising platform is broadening the pool of advertisers through the expansion of digital billboards and displays and the integration of data analytics and programmatic capabilities [7][8] - The company leverages the scale, reach and flexibility of its diverse portfolio of assets to connect advertisers with millions of consumers every month [8]

Early Arrival Multi-Year Deal Lands as Air Travel Soars, Offers Brands Exclusive Access to Ultra-High-Net-Worth Travelers NEW YORK, Dec. 4, 2024 /PRNewswire/ -- Clear Channel Outdoor's Airports Division, the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), today announced that through a five-year contract renewal with Signature Aviation (formerly Signature Flight Support), the world's largest network of private aviation terminals, it will continue to revolutionize advert ...

SAN ANTONIO, Nov. 18, 2024 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc., (NYSE: CCO) announced today that Scott Wells, Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. and Clear Channel Outdoor Americas, is scheduled to present at the Wells Fargo 8th Annual TMT Summit on Wednesday, December 4, 2024, at 9:30 a.m., Pacific Standard Time. The live audio webcast, as well as the replay, will be available on Clear Channel Outdoor Holdings' investor website at https://investor.clearchannel.c ...

SAN ANTONIO, Nov. 18, 2024 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc., (NYSE: CCO) announced today that David Sailer, Chief Financial Officer of Clear Channel Outdoor Holdings, Inc., and Jason Menzel, SVP, Treasurer of Clear Channel Outdoor Holdings, Inc., are scheduled to present at the BofA Securities Leveraged Finance Conference 2024 on Tuesday, December 3, 2024, at 2:10 p.m., Eastern Standard Time.  The live audio webcast, as well as the replay, will be available on Clear Channel Outdoor Holdi ...