CCO Q3 revenue up 6.1% to $559M; tightens FY guidance; wins 15-year MTA contract

Clear Channel Outdoor Holdings, Inc.

2024-Q3 EPS reported -$0.33 revenue$1,599,281,000

Q3 consolidated revenue $559M (+6.1% YoY); America +5%, Airports +9%, Europe-North +11.4%.
Net loss from continuing ops narrowed to $31.5M from $38.3M; Adj. EBITDA $142.8M (+2.6%).
FY2024 guidance: revenue $2.22-2.25B, Adj. EBITDA $560-580M, AFFO $90-105M.
Secured 15-year contract with NY MTA for roadside advertising assets, effective Nov 1, 2024.

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