Five-year Collaboration between Clear Channel Outdoor and Kantar Sheds New Light on OOH for its Additive Nature and Proves it's a Vital Medium for Filling Gaps Other Media Channels Cannot AddressNEW YORK, July 8, 2025 /PRNewswire/ -- The results of a five-year first-of-its-kind collaboration between Clear Channel Outdoor (NYSE: CCO) and Kantar prove out of home (OOH) advertising outperforms CTV and digital channels in key metrics such as ad awareness, brand favorability, and purchase intent. As marketers fa ...

Financial Data and Key Metrics Changes - The company has achieved $35 million in corporate cost savings, primarily from selling European and Latin American operations, with further cost reductions expected as the transition service agreements (TSAs) expire [62][64] - The company currently holds approximately $300 million in cash, with a new baseline liquidity level expected to be less than half of the previous $150 million requirement [63][65] Business Line Data and Key Metrics Changes - The airport advertising segment has seen significant revenue growth, with a focus on fewer, larger contracts leading to increased revenue per passenger [14][16] - Digital advertising continues to grow, with a significant portion of roadside inventory available for programmatic sales, although some airport contracts face challenges due to copy approval processes [57][58] Market Data and Key Metrics Changes - The company is experiencing strong demand in the AI sector, particularly in San Francisco, and anticipates growth in media and entertainment advertising as studios plan to support upcoming releases [20][22] - The auto insurance market is recovering, although it has not yet reached its full potential, while the pharmaceutical sector presents promising opportunities despite being methodical in its approach [29][30] Company Strategy and Development Direction - The company is focused on digital conversions and debt repayment as primary capital allocation priorities, with a commitment to maintaining a strong digital presence across its markets [66][68] - The management team emphasizes the importance of regulatory environments in determining the pace of digital conversions, with a goal to increase digital revenue penetration in various markets [53][54] Management's Comments on Operating Environment and Future Outlook - Management does not foresee a recession impacting the business, citing stability in advertising campaigns and a strong recovery from COVID-19 disruptions [2][5] - The company has derisked its operations significantly, which should provide a buffer against potential economic downturns [8][64] Other Important Information - The company is in the process of finalizing a transaction involving its Brazilian operations, which is expected to bring in cash and enhance its financial position [36][38] - The MTA contract in New York is anticipated to ramp up revenue over time, with expectations for profitability by 2025 [40][42] Q&A Session Summary Question: What changes are being observed in the advertising market? - Management noted that there has been no significant change in advertiser behavior, with programmatic advertising continuing to perform well [2] Question: How does the company view the potential impact of a recession on out-of-home advertising? - Management expressed confidence that the out-of-home sector would hold up well, drawing on historical resilience during past recessions [5][7] Question: Can you provide updates on specific verticals such as AI, media, auto insurance, and pharma? - AI is still emerging, with strong activity in San Francisco; media and entertainment are expected to see increased spending; auto insurance is recovering but not at peak levels; and pharma is a promising but methodical sector [20][29][30] Question: What are the company's capital allocation priorities moving forward? - The focus will be on digital conversions, debt repayment, and utilizing proceeds from asset sales to improve the capital structure [66][68]

Lamar Advertising Company (LAMR) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Company Participants Sean Reilly - President and CEOJay L. Johnson - EVP and CFODaniel Osley - Vice President, Equity Research Conference Call Participants Cameron McVeigh - AnalystJason Bazinet - AnalystDavid Karnovsky - Senior Research AnalystNone - Analyst Operator Excuse me, everyone. We now have Sean Reilly and Jay Johnson in conference. Please be aware that each of your lines is in a listen only mode. At the conclusion of ...

Lamar Advertising Company (LAMR) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Speaker0 Excuse me, everyone. We now have Sean Reilly and Jay Johnson in conference. Please be aware that each of your lines is in a listen only mode. At the conclusion of the company's presentation, we will open the floor for questions. In the course of this discussion, Lamar may make forward looking statements regarding the company, including statements about its future financial performance, strategic goals, plans and objecti ...