Clear Channel Outdoor(US:CCO)2025-11-06 13:30Financial Performance - Consolidated revenue increased by 8.1% to $406 million[12] - Adjusted EBITDA increased by 9.5% to $133 million[12] - Adjusted Funds From Operations (AFFO) increased significantly by 62.5% to $30 million[12] Segment Results - America segment revenue increased by 5.9% to $310 million[13], with digital revenue up by 6.9% to $113 million[15] - Airports segment revenue increased substantially by 16.1% to $96 million[16], driven by strong advertising demand and a 37.4% increase in digital revenue to $58 million[18] Capital Expenditures - Total capital expenditures decreased by 25.9% to $13 million[20], driven by lower digital spend in America[22] - Capital expenditures for the Airports segment increased by 20.4% to $4 million[20], reflecting continued digital expansion[22] Strategic Initiatives - An agreement was entered into to sell the business in Spain to Atresmedia for approximately $135 million[9, 49] - The sale of the business in Brazil was closed on October 1st for $15 million[9, 48] Guidance - The company expects a strong fourth quarter and has tightened full-year revenue ranges and raised AFFO guidance[9] - Full-year 2025 consolidated revenue is projected to be between $1.584 billion and $1.599 billion[27], representing a 5% to 6% increase from the prior year[27]