CCO Q3 revenue up 1.1% to $602.9M; net loss $38.8M; reviewing Europe alternatives

Clear Channel Outdoor Holdings, Inc.

2022-Q3 EPS reported -$0.41 revenue$1,771,975,000

Q3 consolidated revenue $602.9M (+1.1% YoY); ex-FX +7.8% to $642.9M.
Net loss $38.8M; Adjusted EBITDA $129.5M (-5.0% YoY); Americas Segment Adj. EBITDA $144.7M (+4.1%).
Americas revenue $346.5M (+8.6%); Europe revenue $239.2M (-8.9%, but +6.1% ex-FX).
CEO cites strong demand and digital transformation; company reviewing strategic alternatives for European business.
Q4 2022 revenue guidance $740-765M; full-year Adj. EBITDA guidance $560-590M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Clear Channel Outdoor Holdings, Inc. reported quarter ended September 30, 2022 results: revenue $ 602.9, net income (38.8). Guidance reaffirmed.

Period: quarter ended September 30, 2022
Revenue: $ 602.9
Net income: (38.8)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

financial highlights excluding movements in foreign exchange rates (“FX”) 1 : (In millions) Three Months Ended September 30, 2022 % Change Revenue: Consolidated Revenue $ 602.9 1.1 % Excluding movements in FX 1 642.9 7.8 % Americas Revenue 346.5 8.6 % Europe Revenue 239.2 (8.9) % Excluding movements in FX 1 278.7 6.1 % Net Loss: Consolidated Net Loss

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Source: SEC EDGAR

accession 0001334978-22-000030

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