Accessibility StatementSkip Navigation Strategy Centers on Live Sports as a Core Experiential Driver and Includes an Exclusive Partnership with Wasserman Live NEW YORK, Nov. 21, 2025 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) today announced the expansion of its premium experiential division, elevating Patrick Cresson to vice president, asset development & events, and Chris Mallen to senior director, sports marketing & partnerships. These appointments underscore OUTFRONT's commitment to being the leade ...

Outfront Media FY Conference Summary Company Overview - **Company**: Outfront Media (NYSE: OUT) - **Date of Conference**: November 18, 2025 Key Industry Insights - **Out-of-Home Advertising**: Historically viewed as a scale awareness builder, but agencies find it complex to buy due to lack of organization and measurement [4][5] - **Shift to Action Economy**: Transition from Web3 to Web4, focusing on engagement and trust, positioning out-of-home as a real and authentic medium [6][7] - **Market Positioning**: Outfront Media is positioned as a premium brand in key DMAs, focusing on both enterprise and local SMBs [8][9] Financial Performance and Trends - **Enterprise Spending**: Notable resurgence in enterprise advertisers, with increased spending from existing clients and new entrants returning to the medium [10][11] - **2026 Outlook**: Mixed sentiment with cautious optimism; tailwinds from events like the FIFA World Cup and midterm elections, but headwinds from inflation and interest rates [12][13] Strategic Initiatives - **Partnership with AWS**: Aimed at improving measurement and integration with holding companies; expected to contribute more significantly to growth in 2027 [15][17] - **Programmatic Growth**: Programmatic channel growth is increasing, with efforts to integrate more directly with major DSPs [21][23] - **Local Market Focus**: Emphasis on mid-market opportunities and regional banks, with a proactive approach to local advertising [26][28] Transit Advertising - **Changes in Transit Sales**: New leadership and a dedicated transit velocity team have improved the approach to transit sales, focusing on real-life experiences [29][31] - **New York MTA Performance**: Significant growth of 37% in transit assets, with expectations for continued large campaigns [33][35] Measurement and Technology - **Measurement Improvements**: Acknowledgment of historical measurement lag in out-of-home; partnership with AWS aims to address this [15][16] - **Data Integration**: Focus on integrating data and inventory into centralized planning systems to enhance operational efficiency [18][20] Future Growth Opportunities - **Retail Media Integration**: Exploring partnerships with retail media networks to enhance advertising effectiveness [47][48] - **Capital Allocation**: Focus on digitization and operational excellence rather than M&A; potential for significant investment in major cities [54][55] Conclusion - Outfront Media is strategically positioned to leverage the growing interest in out-of-home advertising, with a focus on enhancing measurement, integrating technology, and expanding into new markets while maintaining a premium brand image. The company is optimistic about future growth driven by both enterprise and local advertising opportunities.

Core Insights - OUTFRONT Media Inc. is a leading out-of-home media company in the United States, specializing in billboards, digital displays, and transit systems, with a focus on transforming public spaces into engaging marketing platforms [1] - The company's CEO, Nick Brien, will present at Wells Fargo's 9th Annual TMT Summit on November 18, 2025, providing insights into the company's strategies and future plans [2] - Citigroup upgraded OUTFRONT Media's stock to a "Buy" rating, raising the price target from $20 to $23, reflecting confidence in the company's growth potential [3] Stock Performance - OUTFRONT Media's stock is currently priced at $21.83, with a slight increase of $0.13, or 0.60%, and has experienced fluctuations with a low of $21.31 and a high of $21.90 today [4] - The stock's high of $21.90 marks its highest price over the past year, while the lowest was $12.95, indicating significant recovery and growth in value [4] - The company has a market capitalization of approximately $3.65 billion, with a trading volume of 773,669 shares on the NYSE, indicating active investor interest [5]

Investors Media Stephan Bisson Courtney Richards Investor Relations Communications & Event Manager (212) 297-6573 (646) 876-9404 [email protected] [email protected] Accessibility StatementSkip Navigation NEW YORK, Nov. 14, 2025 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that its Chief Executive Officer, Nick Brien, is scheduled to present at Wells Fargo's 9th Annual TMT Summit on Tuesday, November 18, 2025, at 5:15 p.m. Eastern Time. A live and replay audio webcast will be available o ...

Core Insights - OUTFRONT Media (OUT) shares have increased by 19.5% year-to-date, outperforming the industry growth of 4.9% [1] - The company's diversified portfolio and strategic initiatives are expected to support long-term growth [1][3] Financial Performance - In Q3 2025, OUT reported adjusted funds from operations (AFFO) per share of 57 cents, exceeding the Zacks Consensus Estimate of 50 cents, and up from 49 cents in the prior-year period [2] - The results were driven by increased transit revenues and a higher adjusted OIBDA margin, although billboard revenues saw a decline [2] Business Strategy - OUTFRONT Media's advertising sites are geographically diversified, allowing clients to reach a national audience while tailoring campaigns to specific regions [3] - The company is transitioning from traditional static billboards to digital displays, with total digital billboard displays reaching 1,906 and digital transit displays at 29,452 by the end of Q3 2025 [4] - Strategic acquisitions have been made, with approximately $10.4 million spent on new assets in the first nine months of 2025, positioning the company for long-term growth [5] Industry Trends - The out-of-home (OOH) advertising sector is rapidly growing, gaining market share compared to other media forms, with lower advertising costs [8] - Technological advancements and partnerships, such as with Amazon Web Services (AWS), are expected to enhance OOH planning and buying through AI-enabled workflows [8] Competitive Landscape - The OOH advertising industry has high barriers to entry due to permitting restrictions, with OUTFRONT Media owning valuable permits that support advertising rates [9] - The company faces competition from other outdoor advertisers, which may impact pricing power [10]

Core Insights - OUTFRONT Media Inc. and Google DeepMind have launched a civic program called 'Imagine If…' aimed at engaging New Yorkers in a collaborative artistic experience [1][2] - The program invites subway riders to share their imaginative ideas, which will be visualized using AI and transformed into videos by local artists [1][2] - The campaign will culminate in a showcase of selected works in Times Square on December 14, highlighting the intersection of community creativity and technology [2] Company Overview - OUTFRONT Media is a leading out-of-home media company in the U.S., focusing on connecting brands with audiences through various formats including billboards and digital displays [4] - The company emphasizes the importance of in-real-life marketing, transforming public spaces into platforms for creativity and cultural relevance [4] Technology and Innovation - Google DeepMind is recognized for its advancements in AI, including models like AlphaGo and Gemini, which enhance creative processes and community engagement [5] - The collaboration between OUTFRONT Media and Google DeepMind represents a novel approach to art, combining generative AI with local artistic talent [2][3] Artist Engagement - Five local artists, each representing a different borough of New York City, have been selected to participate in the campaign, showcasing diverse artistic styles and community representation [3] - The artists will utilize Google’s AI tools to enhance their creative output, reflecting a growing acceptance of AI in the art community [3]

Upgrades - JPMorgan upgraded Outfront Media (OUT) to Overweight from Neutral with a price target of $25, up from $19, citing the out-of-home channel as the most resilient traditional advertising market with improved momentum in Q3 [2] - Guggenheim upgraded Grail (GRAL) to Buy from Neutral with a price target of $100, noting that while Galleri is not a perfect test, it remains the leading commercially available MCED test with a significant data moat [3] - Piper Sandler upgraded Floor & Decor (FND) to Overweight from Neutral with a price target of $80, up from $75, highlighting potential for comparable sales improvement by Q1 of 2026 [4] - KeyBanc upgraded Progyny (PGNY) to Overweight from Sector Weight with a price target of $30, indicating limited share downside and several positive catalysts over the next 12 months [4] - KeyBanc upgraded AT&T (T) to Overweight from Sector Weight with a price target of $30, attributing the recent share pullback to overblown wireless competition concerns [5] Downgrades - Raymond James downgraded Bath & Body Works (BBWI) to Market Perform from Outperform, stating that the company's growth will be below its long-term potential due to slow improvements in digital capabilities and distribution [6] - Wolfe Research downgraded Intellia Therapeutics (NTLA) to Peer Perform from Outperform, citing safety issues with nexiguran ziclumeran as a hindrance to the bull thesis [6] - Raymond James double downgraded Brighthouse Financial (BHF) to Market Perform from Strong Buy, referencing the announcement of its acquisition deal for $70 per share [6] - Raymond James double downgraded Centerspace (CSR) to Market Perform from Strong Buy, noting that while the portfolio is attractive for potential buyers, the recent rally has closed the valuation gap with multifamily peers [6] - Northland downgraded QuickLogic (QUIK) to Market Perform from Outperform, maintaining a price target of $5.95, after the company reported revenue in line with guidance and uncertainty regarding a $3M contract [6]

Digital Revenue and Displays - For the nine months ended September 30, 2025, total digital revenues reached $450.5 million, with $141.5 million from digital billboards and $309.0 million from digital transit displays [138]. - The company built or converted 77 new digital billboard displays and 1,104 digital transit displays during the nine months ended September 30, 2025 [137]. - Digital billboard displays generate approximately four to five times more revenue per display compared to traditional static billboard displays [134]. - The company has approximately 31,358 digital displays as of September 30, 2025, including 6,499 reserved for transit agency use [138]. Financial Performance - Total revenues for the three months ended September 30, 2025, increased by $15.6 million, or 3%, to $467.5 million compared to $451.9 million in the same period of 2024 [148]. - Organic revenues for the nine months ended September 30, 2025, increased by $15.6 million, or 1%, totaling $1,318.4 million, while total revenues decreased by $19.3 million, or 1% [148]. - Operating income for the three months ended September 30, 2025, rose to $89.9 million, a 26% increase from $71.3 million in the prior year [148]. - Adjusted OIBDA for the three months ended September 30, 2025, was $137.2 million, reflecting a 17% increase from $117.1 million in the same period of 2024 [148]. - Net income attributable to OUTFRONT Media Inc. for the three months ended September 30, 2025, increased by 48% to $51.3 million compared to $34.6 million in the prior year [148]. - Funds from operations (FFO) attributable to OUTFRONT Media Inc. for the three months ended September 30, 2025, increased by 21% to $99.7 million from $82.7 million in the same period of 2024 [148]. Expenses and Cost Management - Total operating expenses for the three months ended September 30, 2025, decreased by 1% to $377.6 million compared to $380.6 million in the prior year [150]. - Billboard property lease expenses decreased by $8.8 million, or 7%, in the three months ended September 30, 2025, compared to the same prior-year period [152]. - SG&A expenses decreased by $3.5 million, or 3%, in the three months ended September 30, 2025, primarily due to lower compensation-related expenses [156]. - Interest expense, net, for the three months ended September 30, 2025, was $37.0 million, slightly down from $37.1 million in the same prior-year period [162]. Segment Performance - Billboard segment revenues decreased by $7.8 million, or 2%, in the three months ended September 30, 2025, compared to the same prior-year period [184]. - Transit segment revenues increased by $21.5 million, or 24%, in the three months ended September 30, 2025, compared to the same prior-year period [192]. - Adjusted OIBDA for the Billboard segment increased by $2.9 million, or 2%, in the three months ended September 30, 2025, with an adjusted OIBDA margin of 39.5% [188]. - Operating income for the Billboard segment was $103.0 million for the three months ended September 30, 2025, a 2% increase from $100.5 million in the same period of 2024 [183]. - Transit segment Adjusted OIBDA was $15.7 million in Q3 2025, compared to an Adjusted OIBDA loss of $2.9 million in Q3 2024 [197]. Capital Expenditures and Investments - Total capital expenditures increased by $4.1 million, or 7%, to $64.0 million for the nine months ended September 30, 2025, driven by growth in digital displays and maintenance spending [238]. - For the full year of 2025, capital expenditures are expected to be approximately $85.0 million, primarily for new digital displays and office renovations [239]. Debt and Financing - As of September 30, 2025, total debt, net, was $2,582.3 million, with a weighted average cost of debt of 5.4% [216]. - The company entered into a credit agreement on September 24, 2025, providing for a $500.0 million revolving credit facility and a $500.0 million term loan [216]. - The company maintained a Consolidated Total Leverage Ratio of 4.8 to 1.0 and a Consolidated Net Secured Leverage Ratio of 1.6 to 1.0 as of September 30, 2025, in compliance with debt covenants [226][227]. Cash Flow and Working Capital - Net cash flow provided by operating activities increased by $14.8 million, or 8%, to $189.5 million for the nine months ended September 30, 2025, compared to $174.7 million in the same period of 2024 [235]. - Cash used by investing activities was $87.3 million in the nine months ended September 30, 2025, a decrease from cash provided by investing activities of $230.7 million in the same prior-year period [236]. - Working capital deficit improved to $105.8 million as of September 30, 2025, from a deficit of $135.0 million as of December 31, 2024 [210]. Corporate Governance and Dividends - A quarterly cash dividend of $0.30 per share was approved, payable on December 31, 2025, to stockholders of record at the close of business on December 5, 2025 [214].

Core Insights - OUTFRONT Media Inc. reported third-quarter 2025 adjusted funds from operations (AFFO) per share of 57 cents, exceeding the Zacks Consensus Estimate of 50 cents and up from 49 cents a year ago [1][10] - Quarterly revenues reached $467.5 million, surpassing the Zacks Consensus Estimate of $456.6 million, and reflecting a year-over-year increase of 3.5% [2][10] Revenue Breakdown - Billboard revenues were $352.8 million, showing a year-over-year decline of 2.2% due to lost billboards and lower proceeds from condemnations, partially offset by increased average revenue per display [3] - Transit revenues rose to $112.4 million, a 23.7% increase from the previous year, driven by higher average revenue per display, despite the impact of new and lost transit franchise contracts [4] Operating Performance - Operating income for the quarter was $89.9 million, compared to $71.3 million in the same quarter last year [4] - Operating expenses decreased by 1% year over year to $230.7 million, influenced by lost billboards and lower variable property lease expenses, while the adjusted OIBDA margin improved to 29.3%, up 340 basis points year over year [5] Financial Position - As of September 30, 2025, the company had unrestricted cash of $63 million and $494.9 million available under its $500 million revolving credit facility, with total debt outstanding at $2.6 billion [7] - Net interest expenses were $37 million, slightly down from $37.1 million in the prior year, with a weighted average cost of debt of 5.4% [6] Dividend Announcement - Concurrent with the earnings release, OUTFRONT Media announced a quarterly cash dividend of 30 cents per share, payable on December 31 to shareholders of record as of December 5, 2025 [9]

Core Insights - Outfront Media reported $467.5 million in revenue for Q3 2025, a 3.5% year-over-year increase, with an EPS of $0.57 compared to $0.19 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $456.56 million by 2.4%, and the EPS surpassed the consensus estimate of $0.50 by 13.78% [1] Revenue Breakdown - Billboard organic revenues were $352.8 million, slightly below the estimated $354.85 million, reflecting a -2.2% change year-over-year [4] - Transit organic revenues reached $112.4 million, exceeding the estimated $101.27 million, marking a +23.7% change year-over-year [4] - Total organic revenues of $467.5 million surpassed the average estimate of $456.21 million, showing a +3.5% year-over-year change [4] - Other organic revenues were $2.3 million, significantly above the estimated $0.52 million, representing a +475% change year-over-year [4] Earnings Performance - Net Earnings Per Share (Diluted) was $0.29, compared to the average estimate of $0.23 [4] - Adjusted OIBDA for Billboard was $139.3 million, slightly above the average estimate of $138.67 million [4] - Adjusted OIBDA for Transit was $15.7 million, significantly exceeding the average estimate of $2.47 million [4] Stock Performance - Over the past month, Outfront Media's shares returned -1%, while the Zacks S&P 500 composite increased by +1.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]