secwatch.observer — SEC 8-K summary
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Issuer:     Clear Channel Outdoor Holdings, Inc. (CCO)
CIK:        0001334978
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001334978-24-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1334978/000133497824000004/0001334978-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1334978/000133497824000004/cco-20240226.htm
  HTML page:      https://secwatch.observer/filing/0001334978-24-000004

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