OUTFRONT Media(OUT) - 2025 Q3 - Quarterly Results

Financial Performance - Revenues for Q3 2025 were $467.5 million, an increase of $15.6 million, or 3.5%, compared to Q3 2024[5] - Operating income for Q3 2025 was $89.9 million, up from $71.3 million in Q3 2024[2] - Net income attributable to OUTFRONT Media Inc. increased by $16.7 million, or 48.3%, to $51.3 million in Q3 2025 compared to Q3 2024[20] - Adjusted OIBDA for Q3 2025 was $137.2 million, an increase of $20.1 million, or 17.2%, from Q3 2024[8] - Revenues for Q3 2025 were $467.5 million, an increase from $451.9 million in Q3 2024, representing a growth of approximately 3.9%[36] - Operating income for Q3 2025 was $89.9 million, compared to $71.3 million in Q3 2024, reflecting a year-over-year increase of about 26.5%[36] - Net income attributable to OUTFRONT Media Inc. for Q3 2025 was $51.3 million, up from $34.6 million in Q3 2024, marking a growth of approximately 48.7%[36] - Basic net income per common share increased to $0.29 in Q3 2025 from $0.20 in Q3 2024, a rise of 45%[36] - Total revenues for the nine months ended September 30, 2025, were $1,318.4 million, a slight decrease from $1,337.7 million in the same period of 2024[41] - Adjusted OIBDA for the nine months ended September 30, 2025, was $325.5 million, compared to $309.6 million for the same period in 2024, reflecting an increase of 5.7%[43] Segment Performance - Transit segment revenues rose to $112.4 million, an increase of $21.5 million, or 23.7%, compared to the same prior-year period[12] Expenses and Costs - Total expenses for Q3 2025 were $377.6 million, slightly down from $380.6 million in Q3 2024, indicating cost management efforts[36] - Total operating expenses for the nine months ended September 30, 2025, decreased by 3.9% to $683.5 million from $711.6 million in 2024[45] - Billboard property lease expenses for the nine months ended September 30, 2025, were $331.5 million, down 8.7% from $363.2 million in 2024[44] - Restructuring charges amounted to $0.3 million in Q3 2025, compared to no charges in Q3 2024, reflecting ongoing strategic adjustments[36] - The company incurred restructuring charges of $17.9 million during the nine months ended September 30, 2025[41] Cash Flow and Capital Expenditures - Operating cash flow for the nine months ended September 30, 2025, was $189.5 million, compared to $174.7 million for the same period in 2024[38] - Total capital expenditures for the nine months ended September 30, 2025, increased by $4.1 million, or 6.8%, to $64.0 million compared to the same prior-year period[23] - Capital expenditures for the nine months ended September 30, 2025, were $64.0 million, compared to $59.9 million in 2024[39] - The company reported a net cash flow used for financing activities of $86.1 million for the nine months ended September 30, 2025, compared to $413.0 million in 2024[39] Debt and Indebtedness - As of September 30, 2025, total indebtedness was $2.6 billion, excluding deferred financing costs[26] - The weighted average cost of debt was 5.4% as of September 30, 2025, down from 5.6% in the same prior-year period[18] - Long-term debt increased to $2,582.3 million as of September 30, 2025, from $2,482.5 million as of December 31, 2024[37] - Interest expense for Q3 2025 was $37.0 million, consistent with $37.1 million in Q3 2024, showing stable financing costs[36] Assets and Liabilities - As of September 30, 2025, total assets amounted to $5,210.5 million, a slight decrease from $5,215.2 million as of December 31, 2024[37] - Total current liabilities decreased to $510.7 million as of September 30, 2025, from $520.8 million as of December 31, 2024[37] Dividends - The company announced a quarterly dividend of $0.30 per share, payable on December 31, 2025[1] Other Financial Metrics - Adjusted OIBDA margin is a key performance indicator, calculated as Adjusted OIBDA divided by total revenues, highlighting operational strength[32] - The adjusted OIBDA margin for the nine months ended September 30, 2025, was 24.7%, up from 23.1% in the prior year[41] - The company reported a net gain on dispositions of $1.4 million in Q3 2025, compared to a loss of $1.5 million in Q3 2024, indicating improved asset management[36] - The company reported a net loss on dispositions of $2.6 million for the nine months ended September 30, 2025[41] - The company’s cash paid for direct lease acquisition costs was $41.3 million for the nine months ended September 30, 2025, compared to $42.7 million in 2024[42]