Clear Channel Outdoor Q1 revenue $482M (+10.1% YoY); adj. EBITDA $96.7M (+53.6%)

Clear Channel Outdoor Holdings, Inc.

2024-Q1 EPS reported -$0.19 revenue$481,752,000

Net loss from continuing ops of $88.7M vs $85.0M loss YoY; diluted EPS -$0.18.
America revenue $249.8M (+5.8%); Airports $76.9M (+43.0%); Europe-North $139.4M (+8.5%).
Issued $865M 7.875% Senior Secured Notes due 2030; used proceeds to prepay $835M term loan.
Q2 2024 revenue guidance $547M-$572M; full-year $2.2B-$2.26B reaffirmed.
Adjusted EBITDA guidance for FY 2024 unchanged at $550M-$585M.

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 Full Year 2024 results: revenue $2,200 million to $2,260 million, net income -$150 million to -$120 million. Guidance reaffirmed.

Period: Full Year 2024
Revenue: $2,200 million to $2,260 million
Net income: -$150 million to -$120 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Our expectations for the full year of 2024 have not changed from the guidance we provided in our earnings release issued on February 26, 2024, except for loss from continuing operations and Adjusted Funds from Operations (“AFFO”). Our updated expectations for the full year of 2024 are as follows: Full Year of 2024 % change from prior year (in millions) Low High Low High Consolidated Revenue 1,2 $ 2,200 $ 2,260 3 % 6 %

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clear Channel Outdoor Holdings, Inc. reported financial results for Q1 2024.

Period: Q1 2024
Result: reported results

Exact text from the filing

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) today reported financial results for the quarter ended March 31, 2024. “We delivered first quarter consolidated revenue of $482 million, an increase of 10.1%, or 9.3% excluding movements in foreign exchange rates, reflecting record first quarter results in our America, Airports and Europe-North segments excluding sold markets and movements in foreign exchange rates,”

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clear Channel Outdoor Holdings, Inc. reported financial results for Q1 2024.

Period: Q1 2024
Result: reported results

Exact text from the filing

Net Loss: Loss from Continuing Operations (88.7) (4.3) %

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Clear Channel Outdoor Holdings, Inc. reported Q2 2024 results: revenue $547 million to $572 million. Guidance reaffirmed.

Period: Q2 2024
Revenue: $547 million to $572 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Our expectations for the second quarter of 2024 are as follows: Second Quarter of 2024 % change from prior year (in millions) Low High Low High Consolidated Revenue 1,2 $ 547 $ 572 3 % 8 %

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Clear Channel Outdoor Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001334978-24-000009

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