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]

Financial Performance - Revenue increased by 2.2% to $334 million in Q1 2025[11] - Loss from continuing operations decreased by 20.1% to $55 million[11] - Adjusted EBITDA decreased by 12.5% to $79 million[11] - AFFO decreased by 78.4% to $(23) million[11] Segment Results - America's revenue increased by 1.8% to $254 million[13] - America's digital revenue increased 6.4% to $90 million[15] - Airports' revenue increased by 4.0% to $80 million[16] - Airports' digital revenue increased 15.6% to $49 million[18] Capital Structure and Liquidity - Debt decreased by $368 million to $5,293 million[22] - Cash and cash equivalents increased by $237 million to $401 million[22] - Prepaid $375 million CCIBV Term Loan Facility and repurchased ~$120 million in Bonds[9] Guidance - The company confirmed FY 2025 revenue guidance of $1,562 million to $1,607 million[9, 24] - The company confirmed FY 2025 Adjusted EBITDA guidance of $490 million to $505 million[9, 24] - The company raised FY 2025 AFFO guidance to $80 million to $90 million[9, 24]

Core Viewpoint - Clear Channel Outdoor Holdings, Inc. reported a 2.2% increase in consolidated revenue for Q1 2025, driven by growth in the America and Airports segments, and is optimistic about future performance due to a solid pipeline of business and strategic focus on U.S. operations [2][4][3]. Financial Performance - Consolidated revenue for Q1 2025 was $334.2 million, up from $326.8 million in Q1 2024, reflecting a 2.2% increase [5][35]. - America segment revenue increased by 1.8% to $254.2 million, while Airports segment revenue rose by 4.0% to $80.0 million [5][15]. - The company reported a net loss from continuing operations of $55.3 million, a 20.1% improvement compared to a loss of $69.2 million in the same period last year [5][22]. Adjusted EBITDA and AFFO - Adjusted EBITDA for Q1 2025 was $79.3 million, down 12.5% from $90.6 million in Q1 2024 [5][23]. - The company reported an Adjusted Funds From Operations (AFFO) of $(22.9) million, a decline of 78.4% compared to $(12.8) million in Q1 2024 [24][55]. Cost Management and Debt Reduction - The company successfully reduced corporate expenses by approximately $35 million annually and is focused on further reductions [3][19]. - Clear Channel Outdoor used proceeds from the sale of its Europe-North segment to fully prepay $375 million of its term loan facility, which is expected to lower interest expenses [8][30]. Strategic Focus - The company is transitioning to a U.S.-focused business model, having completed the majority of its international asset sales, which is expected to enhance financial resiliency and reduce operational risk [3][4]. - Future growth is anticipated from higher-margin U.S. assets and ongoing digital transformation initiatives [4][20]. Guidance - For Q2 2025, the company expects consolidated revenue between $393 million and $408 million, representing a 4% to 8% increase from the prior year [11]. - Full-year 2025 guidance for consolidated revenue remains unchanged at $1.562 billion to $1.607 billion, with an expected 7% increase year-over-year [12].

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]

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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].

Core Insights - Clear Channel Outdoor Americas (CCOA) has appointed Eric Hamme as president of its Chicago market, which is the third-largest media market in the U.S. [1][2] - Hamme brings over 19 years of experience in advertising and sales, focusing on customer-centric strategies that drive revenue [2][4] - CCOA aims to enhance its out-of-home (OOH) advertising strategies and build long-term relationships with clients and stakeholders in Chicago [3][4] Company Overview - CCOA's OOH media footprint reaches 92% of the DMA 18+ population weekly in Chicago [3] - The company operates a diverse portfolio of roadside and transit assets, including significant advertising contracts at Chicago Midway International Airport and Chicago O'Hare International Airport, which see monthly passenger counts of 1.8 million and 6.7 million, respectively [3][4] - CCOA is committed to investing in growth strategies that propel the OOH industry forward, leveraging technology and data to enhance advertising effectiveness [3][7] Leadership Background - Eric Hamme has been with CCOA for over seven years, previously serving as local sales manager for Milwaukee and rising to vice president of sales [4][5] - His extensive career includes roles in radio, TV, and digital advertising at various companies, showcasing a strong background in sales and business operations [5][6] - Hamme's educational background includes degrees in journalism and communications from the University of Wisconsin [6]

Company Overview - Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is a leader in the out-of-home advertising industry, focusing on innovation and expanding its advertising platform [2] - The company enhances its offerings through the growth of digital billboards and displays, as well as the integration of data analytics and programmatic capabilities [2] - Clear Channel connects advertisers with millions of consumers each month by leveraging its diverse portfolio of assets [2] Upcoming Events - David Sailer, the Chief Financial Officer of Clear Channel Outdoor Holdings, is scheduled to present at Deutsche Bank's 33rd Annual Media, Internet & Telecom Conference on March 11, 2025, at 1:00 p.m. Eastern Time [1] - The presentation will be available via live audio webcast and replay on the company's investor website [1]