earnings
confidence high
sentiment negative
materiality 0.75
OUTFRONT Media Q2 net loss $478.9M on $511.4M impairment; revenues up 4%
OUTFRONT Media Inc.
2023-Q2 EPS reported
-$3.11
revenue$864,600,000
- Revenues $468.8M, up 4% YoY; organic revenues $465.0M.
- Operating loss $438.2M includes $511.4M impairment on U.S. Transit and Other.
- Net loss attributable to OUTFRONT $478.9M ($2.92 loss per share).
- Adjusted OIBDA $122.2M vs $125.3M YoY; AFFO $78.0M vs $93.2M.
- Dividend maintained at $0.30/share, payable Sept 29 to holders of record Sept 1.