Clear Channel Outdoor(US:CCO) Prnewswireยท2025-08-05 10:15Core Insights - Clear Channel Outdoor Holdings, Inc. reported a consolidated revenue increase of 7.0% for Q2 2025, driven by growth in the America and Airports segments, with a positive outlook for the second half of the year [2][4][12] - The company has successfully refinanced approximately 40% of its debt maturities, extending them to 2031 and 2033, with the nearest maturity now in 2028 [2][9][30] Financial Performance - Consolidated revenue for Q2 2025 was $402.8 million, compared to $376.5 million in Q2 2024, marking a 7.0% increase [5][13] - Income from continuing operations improved to $6.3 million in Q2 2025 from a loss of $25.4 million in Q2 2024 [5][33] - Adjusted EBITDA for Q2 2025 was $128.6 million, up 7.7% from $119.4 million in Q2 2024 [5][17] Segment Performance - Revenue from the America segment increased by 4.4% to $303.1 million in Q2 2025, while the Airports segment saw a 15.6% increase to $99.7 million [13][19] - Digital revenue in the America segment rose by 11.1% to $113.8 million, reflecting the addition of new digital billboards and increased demand [19][21] Debt Management - The company repurchased $229.7 million of senior notes in Q2 2025, contributing to a year-to-date debt reduction of approximately $605 million [8][27] - A private offering of $2.05 billion in senior secured notes was closed on August 4, 2025, to fund the redemption of existing senior secured notes due in 2027 and 2028 [9][28] Guidance and Outlook - For Q3 2025, the company expects consolidated revenue between $395 million and $410 million, representing a year-over-year increase of 5% to 9% [11] - The full-year 2025 revenue guidance has been updated to a range of $1.57 billion to $1.60 billion, reflecting a 4% to 6% increase from the previous year [12] Market Position - As of June 30, 2025, the company operated over 61,400 print and digital out-of-home advertising displays across 81 Designated Market Areas in the U.S., including 43 of the top 50 markets [21][22]