Clear Channel Q4 revenue $632M (+12.4%); Europe-North and LatAm sale processes initiated

Clear Channel Outdoor Holdings, Inc.

2023-FY EPS reported -$0.65 revenue$2,127,140,000

Q4 revenue $632.1M (+12.4% YoY); America revenue $298.5M (+0.5%), Airports $111.2M (+44.3%), Europe-North $191.8M (+17.8%).
Income from continuing ops $25.4M (-76.2%); Adjusted EBITDA $190.0M (+9.2%).
Full-year 2024 guidance: revenue $2.20-2.26B, Adj. EBITDA $550-585M, AFFO $75-100M, capex $130-150M.
Europe-North and Latin America sale processes initiated; Spain sale (~$64M) expected to close in 2024 subject to regulatory approval.
Discontinued ops include Europe-South sales (Switzerland, Italy, France) with net cash proceeds of ~$89M in 2023.

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 0.95

Clear Channel Outdoor Holdings, Inc. reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 26, 2024, Clear Channel Outdoor Holdings, Inc. (the "Company") issued a press release announcing its financial results for the quarter and year ended December 31, 2023.

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Clear Channel Outdoor Holdings, Inc. filing history →

Source: SEC EDGAR

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