Clear Channel Outdoor Q2 revenue $637M down 1%; net loss narrows to $37M

Clear Channel Outdoor Holdings, Inc.

2023-Q2 EPS reported -$0.15 revenue$1,182,674,000

Consolidated revenue $637.2M, down 1.0% YoY; Adjusted EBITDA $146.3M, down 10.9%.
Net loss improved to $36.6M from ~$65.4M in Q2 2022; America revenue +0.9%, Airports +16.3%.
Sold Switzerland (March 2023) and Italy (May 2023); Spain sale ($64.3M) expected close 2024; France exclusive discussions.
Q3 2023 revenue guidance $570-600M; full-year 2023 revenue guidance $2,465-2,535M (both ex-FX).

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 0.85

Clear Channel Outdoor Holdings, Inc. updated its the third quarter of 2023 guidance (reaffirmed).

Period: the third quarter of 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Our expectations for the third quarter of 2023 are as follows: Third Quarter of 2023 (in millions) Low High Consolidated Revenue 1 $ 570 $ 600

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Clear Channel Outdoor Holdings, Inc. updated its Full Year of 2023 guidance (reaffirmed).

Period: Full Year of 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Our revised full year 2023 guidance is as follows: Full Year of 2023 (in millions) Low High Consolidated Revenue 1 $ 2,465 $ 2,535

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clear Channel Outdoor Holdings, Inc. reported financial results for the quarter ended June 30, 2023.

Period: the quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 7, 2023, Clear Channel Outdoor Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2023.

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Clear Channel Outdoor Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001334978-23-000018

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