OUTFRONT Media(OUT)
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OUTFRONT Media(OUT) - 2025 Q1 - Earnings Call Transcript
2025-05-08 21:30
Financial Data and Key Metrics Changes - Organic revenues grew slightly, in line with previous guidance, while OIBDA was $64 million and AFFO was $24 million [6][17] - Consolidated adjusted OIBDA totaled about $64 million, a 3% decline versus the prior year, but excluding certain costs, adjusted OIBDA would have increased [16][17] - The company expects reported 2025 consolidated AFFO to grow in the mid-single digit range despite an uncertain economic environment [17] Business Line Data and Key Metrics Changes - Billboard revenues were down 1%, impacted by the exit of a large New York billboard contract, while digital billboard revenues increased by 5.4% [6][7] - Transit revenues grew by 2.6%, with strong growth in New York MTA offset by weaknesses in other franchises [7][8] - Combined digital revenue performance grew almost 7% and represented nearly 33% of total organic revenues, up from about 31% last year [9] Market Data and Key Metrics Changes - The strongest categories during the quarter were legal, utilities, and financial, while weaker categories included health and medical, government and political, and CPG [8] - Local revenues were down 3% year-on-year, while national revenues grew 4% during the first quarter [9] Company Strategy and Development Direction - The company is focusing on four strategic imperatives: optimizing sales strategies, modernizing workflows, driving new demand from non-out-of-home advertisers, and ensuring operational excellence [5][6] - The management team is committed to unlocking significant potential within the company and improving cost efficiencies [12][41] Management's Comments on Operating Environment and Future Outlook - Management expects second quarter revenues to be similar to the first quarter, with billboard revenues flattish to slightly down and transit up low to mid-single digits [20] - The company is optimistic about the second half of the year, with current pacing better than the first quarter [20] Other Important Information - The company announced a $0.30 cash dividend payable on June 30 to shareholders of record at the close of business on June 6 [19] - Committed liquidity is over $600 million, with a total net leverage of 4.8 times within the target range [18] Q&A Session Summary Question: What percentage of your ad categories are goods versus services, and which is more resilient in the current environment? - Management noted that most of their categories are services, with postponements seen in automotive, government, and retail, but no significant reductions [24][26] Question: How is media and entertainment spending trending in LA, and is the exit of the LA contract related to the fire? - Management emphasized the importance of the media and entertainment category in LA and clarified that the exit was not related to fire but rather focused on profitability [30][32] Question: What is the latest on the MTA contracts and the impact of congestion pricing on transit growth? - The MTA contract increased slightly, and while it's hard to trace the impact of congestion pricing, ridership metrics seem to indicate higher activity [34][35] Question: Can you elaborate on potential cost savings or operational efficiencies? - Management highlighted that the focus is on resetting sales strategies and modernizing the tech stack to drive revenue and efficiency [40][41] Question: Are there differences across geographies in revenue trends aside from exited contracts? - The West has faced challenges, while the South and Midwest are performing well, particularly with MTA transit performance in the East [43]
OUTFRONT Media(OUT) - 2025 Q1 - Earnings Call Presentation
2025-05-08 20:45
Cautionary Statement Regarding Forward-Looking Statements We have made statements in this document that are forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the use of forward-looking terminology such as "believes," "expects," "could," "would," "may," "might," "will," "should," "seeks," "likely," "intends," "plans," "projects," "predicts," "estimates," "forecast" or "an ...
OUTFRONT Media(OUT) - 2025 Q1 - Quarterly Results
2025-05-08 20:09
Exhibit 99.1 OUTFRONT Media Reports First Quarter 2025 Results Revenues of $390.7 million Operating income of $13.9 million Net loss attributable to OUTFRONT Media Inc. of $20.6 million Adjusted OIBDA of $64.2 million | | Three Months Ended | | | --- | --- | --- | | | March 31, | | | $ in Millions, except per share amounts | 2025 | 2024 | | Revenues | $390.7 | $408.5 | | Organic revenues | 390.7 | 389.9 | | Operating income | 13.9 | 14.0 | | Adjusted OIBDA | 64.2 | 66.5 | | Net loss before allocation to red ...
OUTFRONT Media Reports First Quarter 2025 Results
Prnewswire· 2025-05-08 20:06
Financial Performance - Revenues for the first quarter of 2025 were reported at $390.7 million, a decrease of $17.8 million or 4.4% compared to the same period in 2024 [5][19] - Operating income was $13.9 million, slightly down from $14.0 million in the prior year [2][35] - Net loss attributable to OUTFRONT Media Inc. was $20.6 million, a decrease of $6.6 million or 24.3% from the previous year [19][35] - Adjusted OIBDA was $64.2 million, down $2.3 million or 3.5% year-over-year [8][35] - Funds From Operations (FFO) attributable to OUTFRONT Media Inc. increased to $26.5 million, up $4.2 million or 18.8% from the prior year [20] - Adjusted FFO (AFFO) was $23.9 million, an increase of $0.7 million or 3.0% compared to the same period in 2024 [21] Segment Performance - Billboard segment revenues were $310.7 million, a decrease of $3.2 million or 1.0% year-over-year, impacted by lost billboards [9][12] - Transit segment revenues increased to $77.7 million, up $2.0 million or 2.6% compared to the previous year, driven by higher average revenue per display [12][13] - Other segment revenues fell to $2.3 million, a decrease of $16.6 million or 87.8%, primarily due to the impact of the sale of the Canadian Business [14] Expenses and Costs - Total operating expenses decreased by $17.4 million or 7.3% to $221.3 million, mainly due to lower variable property lease expenses [6][35] - Selling, General and Administrative (SG&A) expenses increased by $4.2 million or 3.8% to $114.7 million, attributed to higher compensation-related expenses [7][35] - Interest expense decreased to $36.0 million from $41.4 million in the prior year, reflecting a lower average debt balance and interest rates [17] Cash Flow and Capital Expenditures - Net cash flow from operating activities was $33.6 million, an increase of $3.0 million or 9.8% compared to the same prior-year period [22] - Total capital expenditures decreased by $1.2 million or 6.5% to $17.2 million [22] Dividends and Shareholder Returns - The company announced a quarterly dividend of $0.30 per share, payable on June 30, 2025 [23] Balance Sheet and Liquidity - As of March 31, 2025, the company had unrestricted cash of $30.5 million and $494.8 million available under its revolving credit facility [24] - Total indebtedness was reported at $2.6 billion, with a mix of term loans and senior notes [24]
Gear Up for Outfront Media (OUT) Q1 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2025-05-07 14:21
Wall Street analysts expect Outfront Media (OUT) to post quarterly earnings of $0.15 per share in its upcoming report, which indicates a year-over-year increase of 7.1%. Revenues are expected to be $396.65 million, down 2.9% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Ahead of a company's earnings disclosure, it ...
Outfront Media (OUT) is a Top-Ranked Momentum Stock: Should You Buy?
ZACKS· 2025-05-06 14:55
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Developed ...
OUTFRONT Celebrates Earth Month with Farmlink and PureWow MOMENTS in Life Campaigns
Prnewswire· 2025-04-16 19:39
NEW YORK, April 16, 2025 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT), one of the largest out-of-home (OOH) media companies in the U.S., is running multiple campaigns in April in honor of Earth Month. Through a partnership with The Farmlink Project and a purpose-driven content series (MOMENTS by OUTFRONT), the campaigns aim to inspire environmental awareness and resourcefulness throughout the month, including Earth Day on April 22. OUTFRONT has again teamed up with The Farmlink Project, the fastest-g ...
OUTFRONT Media To Report 2025 First Quarter Results on May 8, 2025
Prnewswire· 2025-04-11 18:00
Group 1 - OUTFRONT Media Inc. will report its fiscal quarter results for the period ended March 31, 2025, after market close on May 8, 2025 [1] - A conference call to discuss the results will be held on May 8, 2025, at 4:30 p.m. Eastern Time, with specific call numbers provided for U.S. and international callers [2] - OUTFRONT Media Inc. utilizes technology, location, and creativity to connect brands with consumers through a diverse range of advertising assets, including billboards and transit [3]
OUTFRONT Media and National Down Syndrome Society Partner on Powerful Billboard Campaign
Prnewswire· 2025-03-11 16:22
From Saturday, March 15 to World Down Syndrome Day on Friday, March, 21, the billboards will spotlight five individuals in their hometowns to raise awareness of Down syndrome. The campaign's message – "I Got That Extra" – highlights the extra traits that come with the copy of chromosome 21 in people with Down syndrome and celebrates the profound impacts these individuals make in our local communities. The creative is produced by OUTFRONT STUDIOS, OUTFRONT's in-house creative agency. "Down syndrome awareness ...
OUTFRONT Celebrates Women's History Month 2025 with Ad Age Partnership, The Female Quotient Collaboration, and Special MOMENTS Series
Prnewswire· 2025-03-10 19:53
NEW YORK, March 10, 2025 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE:OUT), one of the largest out of home media (OOH) companies in the U.S., is proud to announce a series of initiatives to honor and celebrate the achievements of women in leadership, art, culture, and innovation throughout Women's History Month this March. With a continued partnership with Ad Age, a collaboration with The Female Quotient, and a special MOMENTS series, OUTFRONT aims to highlight the contributions of women throughout history and ...