OUTFRONT Media Q3 revenue $399.2M, net income $33.1M, revenues up >40% YoY

OUTFRONT Media Inc.

2021-Q3 EPS reported -$0.39 revenue$999,400,000

Revenue $399.2M (+41.4% YoY); operating income $65.0M vs $25.1M YoY; net income $33.1M vs loss of $13.5M YoY.
Adjusted OIBDA $108.1M (+82% YoY); AFFO $79.0M vs $27.7M YoY.
Billboard revenue surpassed Q3 2019 levels; transit revenue sharply accelerated on ridership recovery.
Quarterly dividend maintained at $0.10 per share, payable Dec 31, 2021.
CEO cites strong recovery as advertisers return to urban centers.

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