secwatch.observer — SEC 8-K summary
======================================

Issuer:     Clear Channel Outdoor Holdings, Inc. (CCO)
CIK:        0001334978
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001334978-24-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1334978/000133497824000009/0001334978-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1334978/000133497824000009/cco-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001334978-24-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer