Clear Channel Outdoor Q3 rev $517M (+2.7% ex-FX); launches sale of Europe-North

Clear Channel Outdoor Holdings, Inc.

2023-Q3 EPS reported -$0.70 revenue$1,495,026,000

Q3 consolidated revenue $517M (+2.7% ex-FX); loss from continuing ops widened to $51.1M.
Adjusted EBITDA $139.2M (+0.9%); America rev -1.9%, Airports +21.2%, Europe-North +10.2%.
Sold Switzerland, Italy, France; Spain sale expected 2024; Europe-South now discontinued ops.
Initiated sale process for Europe-North segment and strategic review of Latin America.
Q4 revenue guidance $591-$618M; full year 2023 Adj. EBITDA guidance $520-$542M.

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