Clear Channel Outdoor Holdings

Clear Channel Outdoor Holdings, Inc. provides outdoor advertising solutions. It operates through following segments: Americas Outdoor Advertising and International Outdoor Advertising segments. The Americas Outdoor Advertising segment consists of operations primarily in the U.S. The International Outdoor Advertising segment consists of operations primarily in Europe, Asia and Latin America. The firm products include billboards, street furniture and transit advertising in traditional and digital formats. The company was founded in 1995 and is headquartered in San Antonio, TX.

Earnings data Q4 2020

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Clear Channel Outdoor Holdings reports strong Q4 results and eyes growth amidst market challenges

Clear Channel Outdoor Holdings delivered a solid performance in Q4 2022, driven by revenue growth in the Americas and Europe, supported by digital initiatives and customer-centric strategies.
While facing challenges in the US market and ongoing strategic reviews in Europe, the company remains focused on optimizing operations and enhancing shareholder value through potential REIT optionality.
With a strong liquidity position, investments in digital displays, and a clear path to address market headwinds, Clear Channel Outdoor Holdings is poised to navigate challenges and capitalize on growth opportunities in 2023.

Clear Channel Outdoor Holdings reports Q1 revenue growth and outlook

CCO's Q1 performance showed revenue growth and challenges in different markets.
The company remains optimistic about future revenue growth and business prospects.
Strategic decisions focus on enhancing digital capabilities and customer experience.
Balancing U.S. focus with global opportunities to deliver value to shareholders.

Clear Channel Outdoor Holdings reports revenue growth and digital focus

Clear Channel Outdoor Holdings' Q2 2023 performance showed revenue growth and strategic focus on digital capabilities.
While facing challenges like market variations and business closures, the company is leveraging strengths in digital assets and financial stability.
Opportunities lie in potential divestments, strategic optimizations, and attracting a broader range of advertisers through modern mediums.
Overall, the company aims to enhance value, reduce expenses, and drive growth in a dynamic advertising landscape.

Clear Channel Outdoor Holdings reports revenue growth and strategic progress

Clear Channel Outdoor Holdings showed improved revenue performance in Q3 2023, with a focus on deleveraging and organic growth strategies. The company's strengths lie in strong performance in Europe-North, digital rollout, and the airport segment. Challenges include regulatory constraints on digital revenue and market dynamics in the U.S., while opportunities exist in programmatic advertising and portfolio improvements.

Clear Channel Outdoor Holdings reports revenue growth and strategic focus

Clear Channel Outdoor Holdings' Q4 2023 performance showed revenue growth and positive trends in key segments, with a focus on financial results and cost optimization.
The company aims for profitable growth, reduced leverage, and strategic exits from certain regions, with margins expected to strengthen in the second half of the year.
Strengths in the Americas and Airports segments, along with opportunities in pharma growth and airport portfolio evaluation, position the company for future success.
Challenges like delayed decision-making and regional issues require strategic navigation, while changes to the Board signal a proactive approach to addressing industry challenges.

Clear Channel Outdoor Holdings reports robust Q1 growth and strategic initiatives

Clear Channel Outdoor Holdings (CCO) showcased strong revenue growth and operational performance across key segments in Q1 2024, reaffirming full-year guidance.
Challenges such as contract losses and market dynamics were addressed with strategic responses and a focus on operational excellence.
Opportunities in media and entertainment, programmatic advertising, and creative market initiatives position CCO for continued growth and market leadership.

Clear Channel Outdoor Holdings reports solid Q2 performance and eyes growth opportunities

Clear Channel Outdoor Holdings' Q2 2024 earnings call highlighted a strong performance, with revenue growth driven by the digital billboard platform and positive results in key segments. The company is strategically positioned to capitalize on opportunities for growth, including potential improvements in AFFO and organic deleveraging. While challenges exist, Clear Channel Outdoor Holdings remains focused on executing its plan and enhancing shareholder value.

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Clear Channel Outdoor Holdings, Inc. engages in the provision of outdoor advertising solutions. It operates through the following segments: America, Airports, Europe-North, and Other. The America segment serves U.S. operations excluding airports. The Airports segment focuses on out-of-home advertising around and within airports in the U.S. and Caribbean. The Europe-North segment consists of Northern and Central Europe, including the U.K., Sweden, Belgium, Norway, Finland, the Netherlands, Denmark, Ireland, Poland, Estonia, Latvia, and Lithuania. The Other segment deals with the operations in Latin America and Singapore. The firm's products include billboards, street furniture, and transit advertising in traditional and digital formats. The company was founded in 1995 and is headquartered in San Antonio, TX.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Clear Channel Outdoor (CCO) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Clear Channel Outdoor (CCO) Is Attractively Priced Despite Fast-paced Momentum

Clear Channel Outdoor Holdings Inc. CCO, +0.60% said Monday it has entered exclusive talks with Equinox Industries, a Paris-based industrial holding company, on the sale of its French business. Under the terms being discussed, Dider Quillot, a senior adviser to Equinox, would take a stake alongside the holding company, and would become non-executive chairman of Clear Channel France upon completion.

Clear Channel Outdoor enters exclusive talks with Equinox Industries on sale of its France business

SAN ANTONIO , July 17, 2023 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced that it has entered into exclusive discussions to sell its business in France to Equinox Industries ("Equinox"), a Paris-based industrial holding company that makes long-term majority equity investments. In addition, Didier Quillot, a Senior Advisor to Equinox, would participate alongside Equinox in the proposed transaction and would be appointed Non-Executive Chairman of Clear Channel France upon completion.

Clear Channel Outdoor Holdings, Inc. Has Entered Into Exclusive Discussions to Sell its France Business

First of its Kind Out-of-Home 'Data Clean Room' Integrations with Aqfer, Habu, InfoSum and LiveRamp Bolster Privacy and Bring End-to-End Data Security to the OOH Ad Buying Ecosystem NEW YORK , July 11, 2023 /PRNewswire/ -- Clear Channel Outdoor (NYSE: CCO), one of the world's largest Out-of-Home (OOH) media providers, today announced new partnerships integrating its CCO RADAR® data platform with best-in-class Data Clean Room (DCR) applications and services from Aqfer, Habu, InfoSum and LiveRamp. This next-generation secure data integration revolutionizes first party-data matching for OOH, allowing brands who are already active DCR users, and those who want to plan and measure OOH ad campaigns using their own data, to leverage OOH's scale and creative impact in a privacy-conscious and secure way.

Clear Channel Outdoor Pioneers Secure First-Party Data Collaboration for Brands to Activate Billboard Campaigns as Part of an Omni-Channel Strategy

The billboard giant can become a U.S. pure play or weigh a sale of a few of its stateside assets.

Activist Legion Partners spots two possible paths to create value at Clear Channel Outdoor

iHeartMedia

Winning High School and College Students Will Have TV, Radio and Billboards Distributed Nationally NEW YORK , June 30, 2023 /PRNewswire/ -- Today, the Ad Council and Project Yellow Light announced the winners of the 12th annual Project Yellow Light scholarship competition, a unique opportunity in which students create TV, radio and billboard PSAs to educate their peers about the dangers of distracted driving, specifically the dangers of using your phone while driving. The winning PSAs will be showcased on June 30 on a digital billboard in New York City's Times Square, in space donated by Clear Channel Outdoor.

Annual "Project Yellow Light" Scholarship Contest Announces the Newest Class of Student Winners to Raise Awareness of Dangers of Distracted Driving

SAN ANTONIO , June 26, 2023 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") will release 2023 second quarter results before the market opens on Wednesday, August 9, 2023, by 7:00 a.m. and will host a conference call to discuss the results at 8:30 a.m.

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. ANNOUNCES DATE FOR 2023 SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL

Company Has Enhanced Financial and Operating Flexibility by Extending Maturity Date of its Credit Facilities SAN ANTONIO , June 12, 2023  /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced that it has amended its Receivables-Based Credit Facility and Revolving Credit Facility (together, the "Amendments") with Deutsche Bank AG New York Branch as administrative agent. The Amendments extend the maturity date on each of the Receivables-Based Credit Facility and the Revolving Credit Facility from August 23, 2024 to August 23, 2026.

Clear Channel Outdoor Holdings, Inc. Amends and Extends Credit Facilities

Company Continues Review of Strategic Alternatives for its Other European Businesses SAN ANTONIO , May 31, 2023 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced it has closed on the sale of its business in Italy to a subsidiary of JCDecaux SE for gross proceeds of approximately EUR 15.1 million, or US$ 16.2 million 1. The Company received cash proceeds, net of customary estimated closing adjustments, totaling EUR 9.3 million 2, or US$ 9.9 million 1,2 today.

Clear Channel Outdoor Holdings, Inc. Completes Sale of Italy Business to a Subsidiary of JCDecaux SE

Company Continues Review of Strategic Alternatives for its Other European Businesses SAN ANTONIO , May 30, 2023 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced agreements to sell its businesses in Italy and Spain to subsidiaries of JCDecaux SE. Gross proceeds from the two separate all-cash transactions total approximately EUR 75.1 million, or US$ 80.5 million 1.

Clear Channel Outdoor Holdings, Inc. to Sell its Businesses in Italy and Spain to Subsidiaries of JCDecaux SE for US$ 81 Million¹

Clear Channel Outdoor, National Center for Missing and Exploited Children & Texas Center for the Missing Team Up to Bring Missing Kids Home HOUSTON , May 25, 2023 /PRNewswire/ -- Today, Texas Center for the Missing (TCM), The National Center for Missing and Exploited Children (NCMEC) and Clear Channel Outdoor Americas (CCOA) (NYSE: CCO) launched a new month-long campaign across Texas calling attention to the ongoing searches for local missing children. Coinciding with National Missing Children's Day (May 25), the digital out-of-home (DOOH) campaign will highlight different missing children's cases in Dallas, Houston and San Antonio to help generate leads.

Statewide Digital Billboard Campaign Aims to Find Missing Children in Texas

Study Finds Airport Advertising Boosts Mobile Engagement for Brands NEW YORK , May 23, 2023 /PRNewswire/ -- Clear Channel Outdoor, Airports Division, the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), announced today the results of a comprehensive consumer insights study reinforcing airport advertising is a highly-effective media for brands to reach a valuable audience of Frequent Flyers. The CCO-commissioned Nielsen Scarborough recontact study provides insights into frequent and business travelers' responses to airport advertising, and the behaviors they take after seeing an ad.

New Research Shows Airport Advertising is Highly Effective & Drives Frequent Flyers to Act After Ad Exposure

Outdoor advertising company Clear Channel Outdoor has recently come under pressure from activist investor Legion Partners (5% stake). The activist argues the company should accelerate the ongoing sale process of the European segment.

Clear Channel Outdoor: European Business Sale Might Lead To A Substantial Upside

The advertising specialist has come under pressure from an activist investor. That shareholder is pushing for the company to sell itself.

Why Clear Channel Stock Was Clearly an Investor Favorite This Week

SAN ANTONIO , May 16, 2023 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company")  today issued the following statement in response to a filing from Legion Partners Asset Management LLC ("Legion"). The Clear Channel Board of Directors and management team always welcome constructive conversations with our shareholders, including Legion.

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. COMMENTS ON FILING FROM LEGION PARTNERS

Military Appreciation Month Campaign in Partnership with the Out of Home Advertising Association of America Invites Americans to Share Messages of Gratitude for U.S. Military Members and Families NEW YORK , May 15, 2023 /PRNewswire/ -- During May, Clear Channel Outdoor Americas (CCOA) (NYSE: CCO), the Out of Home Advertising Association of America (OAAA) and the United Service Organizations (USO)—America's leading nonprofit organization supporting service members and their families—are running a nationwide digital billboard campaign encouraging civilians to support the U.S. military community. "It is our patriotic duty to support service members and their families," said Chief Development and Marketing Officer of the USO, Brian Cowart.

USO, Clear Channel Outdoor Nationwide Digital Billboard Campaign Inspires American Support for Military Service Members & Families

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO ) Q1 2023 Results Earnings Conference Call May 14, 2023 8:30 AM ET Company Participants Eileen McLaughlin - Vice President of Investor Relations Scott Wells - Chief Executive Officer Brian Coleman - Executive Vice President and Chief Financial Officer Justin Cochrane - Chief Executive Officer, UK and Europe Conference Call Participants Avi Steiner - J.P. Morgan Daniel Osley - Wells Fargo Cameron McVeigh - Morgan Stanley Aaron Watts - Deutsche Bank James Goss - Barrington Research Lance Vitanza - TD Cowen Eileen McLaughlin Good morning, and thank you for joining our call.

Clear Channel Outdoor Holdings, Inc. (CCO) Q1 2023 Earnings Call Transcript

SAN ANTONIO , May 9, 2023 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today reported financial results for the quarter ended March 31, 2023. "Our solid first quarter consolidated results reflect continued strong execution by our team combined with healthy demand overall from advertisers, particularly for our digital assets," said Scott Wells, Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. "The trends we saw in the fourth quarter largely continued into the new year with the out-of-home industry demonstrating resilience.

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. REPORTS RESULTS FOR THE FIRST QUARTER OF 2023

SAN ANTONIO , May 2, 2023 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc., (NYSE:CCO) announced today that Brian Coleman, Chief Financial Officer of Clear Channel Outdoor Holdings, Inc., David Sailer, Chief Financial Officer of Clear Channel Outdoor Americas, and Bob McCuin, Chief Revenue Officer of Clear Channel Outdoor Americas are scheduled to present at the J.P. Morgan 51st Annual Global Technology, Media & Communications Conference on Monday, May 22, 2023, at 4:30 p.m.

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. TO PARTICIPATE IN THE J.P.

SAN ANTONIO , May 2, 2023 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc., (NYSE:CCO) announced today that Scott Wells, Chief Executive Officer, is scheduled to present at the TD Cowen 51st Annual Technology, Media & Telecom Conference on Wednesday, May 31, 2023, at 2:35 p.m., Eastern Time.

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. TO PARTICIPATE IN THE TD COWEN 51ST ANNUAL TECHNOLOGY, MEDIA & TELECOM CONFERENCE

Clear Channel Outdoor (CCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Clear Channel Outdoor (CCO) Report Negative Earnings Next Week? What You Should Know

Study Verifies Airport Advertising Boosts Mobile Engagement for Brands NEW YORK , May 1, 2023 /PRNewswire/ -- Clear Channel Outdoor, Airports Division, the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), announced today the results of a comprehensive consumer insights study reinforcing airport advertising is a highly-effective media for brands to reach a valuable audience of Frequent Flyers. The CCO-commissioned Nielsen study provides insights into frequent and business travelers' responses to airport advertising, and the behaviors they take after seeing an ad.

Nielsen Study Reaffirms: Airport Advertising is Highly Effective & Drives Frequent Flyers to Act After Ad Exposure

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SAN ANTONIO , April 5, 2023 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") will release 2023 first quarter results before the market opens on Tuesday, May 9, 2023, by 7:00 a.m. and will host a conference call to discuss the results at 8:30 a.m.

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. ANNOUNCES DATE FOR 2023 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL

SAN ANTONIO, March 31, 2023 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced that it has completed the sale of its business in Switzerland to Goldbach Group AG, an affiliate of TX Group AG, for gross proceeds of CHF 86.0 million, or US$ 94.2 million 1. The Company received cash proceeds today, net of customary closing adjustments, totaling CHF 84.1 million, or US$ 92.1 million 1, and anticipates the net cash proceeds, after payment of transaction related fees and expenses, will be utilized to improve liquidity and increase financial flexibility in Europe as permitted under the Company's debt agreements.

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