Financial Data and Key Metrics Changes - Consolidated revenue for Q1 2025 was $334 million, a 2.2% increase compared to Q1 2024, in line with guidance [24] - Loss from continuing operations was $55 million, and adjusted EBITDA for the quarter was $79 million, down 12.5% [24] - AFFO was negative $23 million, within expectations [24] Business Line Data and Key Metrics Changes - Americas segment revenue was $254 million, up 1.8%, driven by the MTA roadside billboard contract, with digital revenue up 6.4% [25] - Airports segment revenue was $80 million, up 4%, driven by a 20% increase in national sales, despite a 16.4% decline in local sales [26] - Adjusted EBITDA for the Americas segment was $88 million, down 8%, with a margin of 34.6% [25] Market Data and Key Metrics Changes - The company noted a significant recovery in San Francisco, which had been a headwind in 2023, and is expected to be a tailwind in 2025 [12] - Increased interest from national advertisers was observed, particularly in the media and entertainment sectors [40] Company Strategy and Development Direction - The company is focusing on becoming a U.S.-focused business, simplifying operations to reduce interest and corporate expenses [17][18] - Plans to continue reducing debt and exploring creative solutions to enhance leverage using strong operating assets [19] - The management is optimistic about the future of out-of-home advertising in the U.S. and aims for mid-single-digit growth in consolidated revenue and adjusted EBITDA [32] Management's Comments on Operating Environment and Future Outlook - Management is not currently seeing cancellations or scaled-down campaigns, indicating confidence in cash generation [14] - The company is prepared for potential macroeconomic challenges but believes it is well-positioned to gain media share [31] - The outlook for 2025 is positive, with a strong pipeline and over 85% of Q2 revenue already booked [20] Other Important Information - The company has successfully reduced annual corporate expenses by approximately $35 million and aims to further reduce costs [12] - Strong liquidity position with $568 million at the end of the quarter, including cash and available revolver funds [28] Q&A Session Summary Question: Visibility into the back half of the year and corporate expense reductions - Management expressed confidence in visibility for the year, noting positive trends in various markets, including media and entertainment [40] - Opportunities for cost reductions are being explored, with a focus on a zero-based budget approach [42] Question: Cancellation terms for advertisers and macroeconomic impact on guidance - Standard cancellation terms are a 60-day notice for printed ads, with digital terms varying [49] - The low end of guidance reflects current market conditions without assuming broader economic impacts [50] Question: Impact of digital assets on performance during downturns - Management noted that digital assets tend to recover faster than print during downturns, with no current signs of weakness [55] Question: Site lease expenses and margin cadence - Site lease expenses are expected to stabilize, with margins for airports returning to historical levels around 20% [59][60] Question: Debt buyback flexibility and capital structure - The company is focused on achieving the best yield in its capital structure, utilizing liquidity from recent transactions [63] Question: Interest from potential counterparties for creative solutions - Management is encouraged by the interest in their assets but is not ready to disclose specific opportunities yet [66] Question: Static and print revenues performance - Management expects print revenues to grow over the year, attributing current declines to unique campaign drivers rather than digital cannibalization [71]

Clear Channel Outdoor (CCO) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 a reminder, this conference is being recorded. It's now my pleasure to turn the call over to your host Eileen McLaughlin, Vice President, Investor Relations. Eileen, please go ahead. Good morning and thank you Speaker1 for joining our call. On the call today are Scott Wells, our CEO and David Saylor, our CFO. Will provide an overview of the twenty twenty five first quarter operating performance of Clear Channel Outdoor Holdi ...

Core Insights - Clear Channel Outdoor reported a quarterly loss of $0.11 per share, better than the Zacks Consensus Estimate of a loss of $0.13, and an improvement from a loss of $0.17 per share a year ago, indicating a 15.38% earnings surprise [1] - The company posted revenues of $334.18 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.18%, and down from $481.75 million year-over-year [2] - Clear Channel Outdoor shares have declined approximately 28.2% since the beginning of the year, contrasting with the S&P 500's decline of 5.3% [3] Earnings Outlook - The earnings outlook for Clear Channel Outdoor is mixed, with the current consensus EPS estimate for the upcoming quarter at -$0.06 on revenues of $387.56 million, and -$0.24 on revenues of $1.57 billion for the current fiscal year [7] - The company's Zacks Rank is currently 3 (Hold), suggesting that shares are expected to perform in line with the market in the near future [6] Industry Context - The Advertising and Marketing industry, to which Clear Channel Outdoor belongs, is currently in the top 33% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Clear Channel Outdoor Holdings 2025 First Quarter Results May 1, 2025 Safe harbor statement and other information Forward-Looking Statements Segment Adjusted EBITDA is the profitability metric reported to the Company's chief operating decision maker (the Company's President and Chief Executive Officer) for purposes of allocating resources and assessing segment performance. Segment Adjusted EBITDA is a GAAP financial measure calculated as Revenue less Direct operating expenses and SG&A expenses, excluding re ...

SAN ANTONIO, May 1, 2025 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today reported financial results for the quarter ended March 31, 2025."Our first quarter consolidated revenue increased 2.2%, in line with our guidance, reflecting growth from our America and Airports segments," said Scott Wells, Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. "We are seeing healthy demand across the majority of our markets in the current quarter and have now booked the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32663 CLEAR CHANNEL OUTDOOR HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

Revenue Performance - Consolidated revenue for Q1 2025 was $334.2 million, a 2.2% increase compared to Q1 2024[7] - America segment revenue increased by 1.8% to $254.2 million, while Airports segment revenue rose by 4.0% to $80.0 million[7] - The company reported revenue of $334.18 million for the three months ended March 31, 2025, an increase of 2.0% compared to $326.84 million in the same period of 2024[31] Profitability Metrics - Adjusted EBITDA for Q1 2025 was $79.3 million, down 12.5% from the previous year[7] - Operating income for the same period was $44.99 million, compared to $43.89 million in 2024, reflecting a year-over-year increase of 2.5%[31] - Consolidated net income for the three months ended March 31, 2025, was $63.21 million, compared to a loss of $89.08 million in the same period of 2024[31] - Adjusted EBITDA for the same period was $79.3 million, down from $90.6 million year-over-year, reflecting a decrease of approximately 12.9%[47] - Funds From Operations (FFO) for the three months ended March 31, 2025, was $(37.9) million, compared to $(49.1) million in 2024, indicating a year-over-year improvement of 22.4%[49] - Adjusted Funds From Operations (AFFO) for the three months ended March 31, 2025, was $(22.9) million, compared to $(12.8) million in 2024, showing a decline of approximately 78.5%[49] Operational Improvements - Loss from continuing operations improved to $(55.3) million, a 20.1% decrease compared to $(69.2) million in Q1 2024[20] - Corporate expenses decreased by 33.8% to $19.8 million, primarily due to $9.9 million in insurance proceeds[19] - The company has successfully eliminated approximately $35 million in annual corporate expenses and continues to focus on reducing debt[4] - Corporate expenses for the three months ended March 31, 2025, were $19.8 million, a decrease from $29.9 million in the same period of 2024, representing a reduction of approximately 33.8%[48] Future Guidance - The company expects Q2 2025 consolidated revenue to be between $393 million and $408 million, representing a 4% to 8% increase year-over-year[14] - Full-year 2025 consolidated revenue guidance remains unchanged at $1.562 billion to $1.607 billion, with a 4% to 7% increase expected[14] - The Company expects a loss from continuing operations guidance for the full year of 2025 to be between $(70) million and $(60) million[50] - The guidance for Adjusted EBITDA for the full year of 2025 is projected to be between $490 million and $505 million[50] Cash and Debt Management - The company had $401.3 million in cash and cash equivalents as of March 31, 2025, with a net increase of $233.6 million in cash during the quarter[26] - The company fully prepaid $375.0 million of the CCIBV Term Loan Facility on March 31, 2025, and expects to prioritize using remaining net proceeds to retire advantageous debt[27] - The company expects cash interest payments to be approximately $313 million for the remainder of 2025 and $381 million in 2026[29] Asset and Equity Position - Total assets decreased to $3.99 billion as of March 31, 2025, from $4.80 billion as of December 31, 2024[34] - The company reported a stockholders' deficit of $3.42 billion as of March 31, 2025, compared to a deficit of $3.64 billion at the end of 2024[34] Digital Advertising Strategy - The Company is focused on expanding its digital advertising platform and integrating data analytics to enhance its advertising capabilities[53] - Digital revenue increased by 6.4% to $89.6 million, driven by new contracts and digital billboard deployments[17] Display Operations - As of March 31, 2025, the company operated over 61,400 advertising displays across 80 Designated Market Areas in the U.S.[23] - As of March 31, 2025, the total number of displays in the America segment was 61,482, with a net decrease of 96 displays in the first quarter[24] Real Estate Transactions - The net gain on the disposition of real estate for the three months ended March 31, 2025, included a gain of $139.6 million primarily from the sales of businesses in Mexico, Peru, Chile, and Europe-North segment[49]

Chicago is the third-largest DMA in the U.S. and home to 15 ranked companies on the 2024 Fortune 500 list. National and local brands can activate exclusive takeover campaigns on the fleet's brand new K9MD all-electric buses from BYD which are equipped with state-of-the-art ride technology, including Wi-Fi. These buses reach audiences in a highly valuable part of downtown Chicago where there are limited opportunities to reach their targeted consumers. According to the 2023 Census Estimates, the residential p ...

Cautionary Statement Concerning Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company and its subsidiaries to be materially different from any future results, performance, achievements, guidance, goals and/o ...

Core Viewpoint - Clear Channel Outdoor Holdings, Inc. has received all necessary regulatory approvals for the sale of its Europe-North segment to Bauer Radio Limited, with the transaction expected to close on March 31, 2025 [1][2]. Company Overview - Clear Channel Outdoor Holdings, Inc. is a leader in the out-of-home advertising industry, focusing on innovation through digital billboards, data analytics, and programmatic capabilities to enhance advertising effectiveness [3]. - The company connects advertisers with millions of consumers monthly by leveraging its diverse portfolio of advertising assets [3].