Clear Channel Outdoor recasts 2022 quarterly and 2019 annual segment data under new reporting structure

Clear Channel Outdoor Holdings, Inc.

New segments: America, Airports, Europe-North, Europe-South, and Other.
2022 full-year revenue: America $1,105.6M, Airports $256.4M, Europe-North $566.1M, Europe-South $467.1M, Other $85.3M.
2022 full-year Segment Adjusted EBITDA: America $499.4M, Airports $60.9M, Europe-North $103.7M, Europe-South $15.2M, Other $12.3M.
2019 annual consolidated revenue $2.68B; Segment Adjusted EBITDA $725.1M.
Digital revenue penetration in America rose from 31.5% (Q1 2022) to 37.5% (Q4 2022).

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.4

Clear Channel Outdoor Holdings, Inc. reported preliminary financial results for the year ended December 31, 2022.

Period: the year ended December 31, 2022
Result: preliminary results

Exact text from the filing

This presentation provides certain segment financial information reflecting quarterly financial results for the year ended December 31, 2022 and annual financial results for the year ended December 31, 2019 based on the Company’s new segment reporting

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Source: SEC EDGAR

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