Clear Channel Outdoor(US:CCO)2024-05-10 05:32Financial Performance - Consolidated net loss was $89 million, a 151.5% increase[5] - Adjusted EBITDA was $97 million, a 53.6% increase[5] - Adjusted EBITDA increased by 53.0% excluding movements in FX[5] - AFFO was $(16) million, a 62.6% increase[5] - AFFO increased by 61.6% excluding movements in FX[5] Revenue - Consolidated Revenue for Q1 2024 was $478 million excluding movements in FX rates, up 9.3%[7] - America revenue increased by 10.1% to $482 million[33] - Airports revenue increased by 43.0% to $77 million[39] - Europe-North revenue increased by 8.5% to $139 million, or 5.9% excluding movements in FX[115] - Other revenue decreased by 17.9% to $16 million[145] Segment Performance - America's Segment Adjusted EBITDA increased by 17.3% to $95 million[34] - Airports' Segment Adjusted EBITDA increased by 204.6% to $19 million[39] - Europe-North's Segment Adjusted EBITDA increased by 99.7% to $14 million, or 92.5% excluding movements in FX[115] - Other's Segment Adjusted EBITDA decreased by 45.8%[145] Guidance - The company confirms FY 2024 Revenue guidance mid-single digital growth over FY 2023, excluding movements in FX rates[23] - Q2 2024 Consolidated Revenue is expected to be between $547 million and $572 million[45] - Full year 2024 Consolidated Revenue is expected to be between $2200 million and $2260 million[45] - Full year 2024 Adjusted EBITDA is expected to be between $550 million and $585 million[45] - Full year 2024 AFFO is expected to be between $80 million and $105 million[45]