Core Insights - Outfront Media reported revenue of $460.2 million for the quarter ended June 2025, reflecting a year-over-year decline of 3.6% and an EPS of $0.51 compared to $1.03 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $461.97 million by -0.38%, while the EPS exceeded the consensus estimate of $0.46 by +10.37% [1] Revenue Breakdown - Organic revenues from Billboard were $351.3 million, below the average estimate of $358.07 million, representing a year-over-year decline of -2.5% [4] - Organic revenues from Transit were $106.3 million, surpassing the average estimate of $102.66 million, with a year-over-year increase of +5.6% [4] - Total organic revenues were $460.2 million, slightly below the five-analyst average estimate of $460.73 million, indicating a year-over-year change of -0.2% [4] - Organic revenues from Other segments were $2.6 million, exceeding the average estimate of $2.02 million, but showing a significant year-over-year decline of -84.2% [4] Earnings Performance - Net Earnings Per Share (Diluted) were reported at $0.10, lower than the average estimate of $0.17 [4] - Adjusted OIBDA for Transit was $7.2 million, exceeding the average estimate of $3.31 million [4] - Adjusted OIBDA for Billboard was $134.4 million, slightly below the average estimate of $137.54 million [4] - Adjusted OIBDA for Other segments was $0.5 million, above the average estimate of $0.35 million [4] - Adjusted OIBDA for Corporate was reported at -$18 million, compared to the average estimate of -$17.78 million [4] Stock Performance - Over the past month, shares of Outfront Media have returned +7.1%, outperforming the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - Outfront Media reported quarterly funds from operations (FFO) of $0.51 per share, exceeding the Zacks Consensus Estimate of $0.46 per share, and showing an increase from $0.50 per share a year ago [1][2] - The company experienced an FFO surprise of +10.37% this quarter, having surpassed consensus FFO estimates three times over the last four quarters [2] - Revenues for the quarter were $460.2 million, which fell short of the Zacks Consensus Estimate by 0.38% and decreased from $477.3 million year-over-year [3] Financial Performance - The FFO for the current quarter was $0.51, compared to $0.50 in the same quarter last year [1] - The revenue of $460.2 million represents a decline of 3.1% from the previous year's revenue of $477.3 million [3] - The company has only topped consensus revenue estimates once in the last four quarters [3] Market Position - Outfront Media shares have declined approximately 1.2% since the beginning of the year, contrasting with the S&P 500's gain of 7.6% [4] - The current Zacks Rank for Outfront Media is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus FFO estimate for the upcoming quarter is $0.48, with projected revenues of $452.21 million, and for the current fiscal year, the estimate is $1.85 on $1.8 billion in revenues [8] - The outlook for the industry, particularly the REIT and Equity Trust - Other sector, is currently in the top 40% of Zacks industries, suggesting a favorable environment for performance [9]

Financial Data and Key Metrics Changes - Organic revenues were essentially flat, in line with previous guidance, while OIBDA was $124 million and AFFO was $85 million [12][19] - Billboard revenues decreased by 2.5%, primarily due to the exit of two large marginally profitable contracts in New York and LA [13][14] - Transit revenues grew by 5.6%, driven by a 17% increase in digital revenues [14][16] - Digital revenues represented over 34% of total organic revenues, with programmatic and digital direct automated sales up nearly 20% [16][18] Business Line Data and Key Metrics Changes - Billboard revenues were impacted by the exit of contracts, with traffic and other billboard revenues down 1.6% and digital billboard revenues down 4.5% [13][14] - Transit revenue growth was supported by mid-single-digit growth in the New York MTA, despite a strong performance in 2024 [14][18] - Commercial revenues increased by 1.4% year-on-year, while enterprise revenues declined by 4% [17] Market Data and Key Metrics Changes - The strongest revenue categories were legal, financial, service providers, and insurance, while weaker categories included entertainment, health and medical, restaurants, and alcohol [14] - The company noted a significant opportunity in engaging digital media buyers who have not yet embraced digital out-of-home advertising [16] Company Strategy and Development Direction - The company has undergone a significant internal reorganization to enhance revenue growth and redefine sales categories [6][9] - A redesigned brand solutions group has been established to drive demand from enterprise marketers across major industry verticals [7][12] - The focus is on operational excellence, reducing administrative burdens, and optimizing sales strategies [29][30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, expecting revenue growth to accelerate in Q3, driven by transit growth and a low single-digit decline in billboard revenues [30][31] - The company is determined to address industry challenges such as complexity, measurement, and attribution to enhance its role in the marketing mix [32] Other Important Information - A restructuring charge of $19.8 million was incurred due to workforce reductions, with expected annualized expense savings of $18 million to $20 million [19][20] - The company maintained a $0.30 cash dividend payable on September 30 [28] Q&A Session Summary Question: Are you through the heaviest period of changes to the business? - Management indicated that while significant restructuring has occurred, ongoing efforts to modernize workflows and improve demand generation are still in progress [36][37] Question: Can you help unpack the weakness in the entertainment vertical? - Management noted that the absence of key studios supporting their slate contributed to the weaker performance, but they are optimistic about future growth in this sector [41] Question: What are the drivers behind the acceleration in transit? - Key performance improvements in New York, management focus, and incentives were highlighted as factors driving transit growth [44] Question: What is the anticipated impact from the MTA and LA contract exit? - The exit of these contracts is expected to be a headwind in Q3, but the company anticipates recovery in subsequent quarters [45] Question: Is the decline in static transit revenue structural? - Management acknowledged that the decline in static transit revenue is likely structural, as there is a growing preference for digital formats [49][50] Question: What is the potential for margin expansion in the back half of the year? - Management expects significant cost savings from restructuring, with potential margin improvements anticipated in 2025 [53][58] Question: Are there any cost levers left to pull if revenue remains soft? - Management confirmed that there are always cost levers available, but they are currently focused on the impact of recent changes [55][56] Question: Can you discuss regional variations in revenue growth expectations? - Management indicated that while there are no significant regional variations, California and New York remain the strongest markets [65][66]

Financial Data and Key Metrics Changes - Organic revenues were essentially flat, aligning with previous guidance, while OIBDA was $124 million and AFFO was $85 million [11][24][22] - A restructuring charge of $19.8 million was incurred due to the reduction of approximately 120 employees, with expected annualized expense savings of $18 million to $20 million [17][18] Business Line Data and Key Metrics Changes - Billboard revenues decreased by 2.5%, primarily due to the exit of two large marginally profitable contracts in New York and LA [12][16] - Transit revenues grew by 5.6%, driven by a 17% increase in digital revenues, despite a 2.9% decline in organic revenues [13][14] - Digital billboard revenues decreased by 4.5%, while overall digital revenue grew by 1.5%, representing over 34% of total organic revenues [14][15] Market Data and Key Metrics Changes - The strongest revenue categories were legal, financial, service providers, and insurance, while weaker categories included entertainment, health and medical, restaurants, and alcohol [13] - The New York MTA saw mid-single-digit growth despite a strong 20% growth in 2024 [13] Company Strategy and Development Direction - The company has undergone a significant internal reorganization, rebranding sales teams and centralizing operational functions to enhance efficiency and focus on client relationships [5][6][7] - A redesigned brand solutions group aims to drive demand from enterprise marketers across major industry verticals [6][10] - The company is focusing on digital out-of-home advertising as a growing opportunity, particularly targeting digital media buyers who have not yet engaged with this ecosystem [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, expecting revenue growth to accelerate in the third quarter, driven by double-digit growth in transit and low single-digit decline in billboard revenues [28][29] - The company acknowledges challenges in the entertainment sector but remains bullish about future performance based on committed deals [38] Other Important Information - The company maintained a $0.30 cash dividend payable on September 30 to shareholders [26] - Committed liquidity is over $600 million, with total net leverage at 4.8 times, within the target range [25] Q&A Session Summary Question: Are you through the heaviest period of changes to the business? - Management believes they have made significant progress in transformation but acknowledges that work continues in optimizing sales strategy and modernizing workflows [34][36] Question: Can you unpack the weakness in the entertainment vertical? - The decline was attributed to the absence of key studios supporting their slate, but management is optimistic about future performance in this sector [38] Question: What are the drivers behind the acceleration in transit? - Key performance improvements in New York, management focus, and incentives have contributed to the growth in transit revenues [42][43] Question: Is the decline in static transit revenue structural? - Management indicated that the decline is likely structural, as there is a shift towards digital formats [50] Question: What is the potential for margin expansion in the back half of the year? - Expected annualized savings from restructuring could lead to margin improvements, with half of the benefits anticipated in 2025 [53]

"OUTFRONT has always believed in the unique power and influence of out-of-home to shape culture and drive results," said Nick Brien, Interim Chief Executive Officer of OUTFRONT. "With this experienced sales leadership team and new structure, we're raising the bar on how we support clients, combining deeper strategic thinking, sharper creative solutions, and the kind of partnership that drives measurable impact. As we evolve, we're leaning into what we do best: delivering bold, in-real-life campaigns that me ...

Core Viewpoint - OUTFRONT Media Inc. is set to report its fiscal quarter results for the period ending June 30, 2025, on August 5, 2025, after market close [1] Group 1: Earnings Announcement - The earnings announcement will be accessible in the Investor Relations section of the company's website [1] - A conference call to discuss the results will take place on August 5, 2025, at 4:30 p.m. Eastern Time [2] - The conference call can be accessed via specific numbers for U.S. and international callers, with a designated passcode [2] Group 2: Company Overview - OUTFRONT Media Inc. utilizes technology, location, and creativity to connect brands with consumers through a diverse range of billboard and transit assets in the U.S. [3] - The company's technology platform aims to transform how advertisers engage with audiences on-the-go [3]

Financial Performance - Total reported revenue increased by 100% year-over-year, reaching $3384 million in Q1 2019 compared to $3099 million in Q1 2018[5, 7] - US Media revenue increased by 92% year-over-year, from $2263 million in Q1 2018 to $2362 million in Q1 2019[10] - Billboard revenue in US Media increased by 44% year-over-year, from $2263 million to $2362 million[10] - Transit & Other revenue in US Media increased by 222% year-over-year, from $836 million to $1022 million[10] - Adjusted OIBDA increased by 69% year-over-year[5] - AFFO increased by 29% year-over-year[5] Revenue Breakdown - Local revenue increased by 123% year-over-year, reaching $2025 million in Q1 2019[13] - National revenue increased by 49% year-over-year, reaching $1359 million in Q1 2019[13] - Digital revenue accounted for 171% of total revenue in Q1 2019, amounting to $636 million[54] Expenses and Profitability - Adjusted OIBDA margin was 280% in Q1 2019[66] - Billboard lease expenses increased by 69% year-over-year, from $63 million to $65 million[26]

Financial Performance - Total reported revenue increased by 145% year-over-year, reaching $4196 million in Q2 2019 compared to $3672 million in Q2 2018[9] - Adjusted OIBDA increased by 147%[7] - AFFO increased by 247%[7] Revenue Breakdown - Billboard revenue increased by 86% year-over-year[12] - Transit & Other revenue increased by 285% year-over-year[12] - Local revenue increased by 98% year-over-year[15] - National revenue increased by 202% year-over-year[15] Digital Performance - Digital revenue increased by 242% year-over-year[57], reaching $662 million in Q2 2019 compared to $533 million in Q2 2018[57] - Static revenue increased by 102% year-over-year[18] Capital Allocation and Liquidity - The company has $100 million in unrestricted cash and $430 million available from a revolving credit facility as of June 30, 2019[47] - Total debt outstanding (face value) is $2820 million, resulting in a net leverage ratio of 46x[47] Non-GAAP Financial Measures - The report includes non-GAAP financial measures such as organic revenues, Adjusted OIBDA, and AFFO to supplement GAAP financial measures[4]

U S Media Performance - U S Media reported revenue increased by 11 7% [8] - U S Media Adj OIBDA increased by 8 5% [8] - U S Media AFFO increased by 7 2% [8] - Total U S Media revenue increased from $379 7 million in 3Q18 to $422 7 million in 3Q19, an increase of 11 7% [10] - Billboard revenue increased by 7 9% from $271 3 million in 3Q18 to $292 8 million in 3Q19 [14] - Transit & Other revenue increased by 19 8% from $108 4 million in 3Q18 to $129 9 million in 3Q19 [14] - Local revenue increased by 12 2% from $204 2 million in 3Q18 to $229 1 million in 3Q19 [16] - National revenue increased by 10 4% from $175 5 million in 3Q18 to $193 6 million in 3Q19 [16] Digital Revenue - Digital revenue mix increased from 18% to 20% year-over-year [19] - Billboard digital revenue increased by 20 2% year-over-year [25] - Transit & Other digital revenue increased by 17 6% year-over-year [25]

Financial Performance - Total revenue increased by 79% year-over-year from $4524 million in 4Q18 to $4881 million in 4Q19[11] - US Media revenue increased by 93% year-over-year from $4100 million in 4Q18 to $4480 million in 4Q19[14] - Adjusted OIBDA increased by 55% year-over-year from $1438 million in 4Q18 to $1517 million in 4Q19[52] - AFFO increased by 82% year-over-year from $980 million in 4Q18 to $1060 million in 4Q19[62] Revenue Breakdown - Billboard revenue in US Media increased by 72% year-over-year[14] - Transit & Other revenue in US Media increased by 138% year-over-year[14] - Local revenue in US Media increased by 109% year-over-year[18] - National revenue in US Media increased by 73% year-over-year[18] - Digital revenue from billboards increased by 1020% year-over-year[32] Digital Initiatives - Digital billboard revenue reached $832 million in 4Q19[32] - Digital transit and other revenue reached $301 million in 4Q19[96] - The company deployed 837 new digital station displays in 4Q19, bringing the total to 4505[82] Capital Expenditures - Total capital expenditures increased from $202 million in 4Q18 to $245 million in 4Q19[58] - Maintenance capital expenditures decreased from $50 million to $31 million[58] - Growth capital expenditures increased from $152 million to $214 million[58]