Clear Channel Outdoor Q2 revenue up 5.2% to $559M; raises full-year guidance

Clear Channel Outdoor Holdings, Inc.

2024-Q2 EPS reported -$0.26 revenue$1,040,293,000

Consolidated revenue $558.5M (+5.2% YoY); loss from continuing ops $48.3M (loss increased 24.5% YoY).
Adjusted EBITDA $142.9M (flat YoY); America segment $127.0M (-2%), Europe-North $32.6M (+24.5%).
Airports revenue $86.2M (+21.4%); Europe-North revenue $164.7M (+9.9% ex-FX).
Full-year 2024 guidance raised: revenue $2.215-$2.275B, Adjusted EBITDA $560-$590M, AFFO $90-$110M.
Q3 2024 revenue guidance $542-$567M; America $287-$297M, Airports $79-$84M, Europe-North $157-$167M.

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