OUTFRONT Media

OUTFRONT Media, Inc. leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S. and Canada. It operates through the U.S. Media and other segments. The U.S. Media segment includes U.S. Billboard and Transit. The company was founded in 1938 and is headquartered in New York, NY.

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OUTFRONT Media (OUT) posts strong Q4 results amid industry growth

OUTFRONT Media (OUT) reported strong Q4 2022 results, with revenue and OIBDA growth, driven by robust performances in the U.S. media segment and digital advertising.
While facing challenges such as increased expenses and margin pressures, the company's financial stability, acquisitions, and growth outlook position it well for the future.
Opportunities lie in segment-specific revenue growth, industry expansion, and strategic decision-making based on analyst insights and market trends.
Overall, OUTFRONT Media's performance, strengths, challenges, and opportunities indicate a resilient position in the out-of-home advertising market with a positive growth trajectory.

OUTFRONT Media reports Q1 revenue growth, eyes automation for growth

OUTFRONT Media delivered solid revenue growth in Q1 2023, with a strong focus on local and digital segments.
Despite facing challenges with declining OIBDA and increased expenses, the company remains optimistic about future performance.
With a positive outlook for 2023, strategic opportunities in automation and industry growth are key focus areas for OUTFRONT Media.

OUTFRONT Media reports mixed Q2 results, focuses on revenue diversification

OUTFRONT Media's Q2 2023 performance reflects mixed results with revenue growth in key segments but challenges from impairment charges and cost pressures.
The company's strengths lie in its market dominance in U.S. media and billboard segments, along with successful digital revenue growth.
Challenges include financial setbacks from impairment charges and cost escalations, highlighting the need for strategic adjustments.
Opportunities exist in leveraging strong performance areas, enhancing local advertising, and optimizing operational efficiencies for sustained growth.

OUTFRONT Media reports mixed Q3 results, focuses on digital growth

OUTFRONT Media's Q3 performance reflects a mixed revenue picture with slight growth in total revenue but declines in adjusted OIBDA and AFFO, driven by higher expenses and lower OIBDA margins.
The pending sale of the Canadian business, focus on digital revenue growth, and strategic cost management efforts position the company for long-term financial stability and potential growth opportunities.
While facing challenges from industry disruptions and leverage concerns, OUTFRONT Media has opportunities to optimize revenue streams, enhance operational efficiency, and capitalize on digital advertising trends for future growth.

OUTFRONT Media reports Q4 revenue growth, eyes digital expansion

OUTFRONT Media's Q4 2023 earnings call highlighted solid revenue growth, particularly in the U.S. billboard business and digital segment. The company's strategic accomplishments in 2023, including the sale of the Canadian business, position it well for future growth. Analyst inquiries focused on key financial metrics and growth drivers for 2024.

OUTFRONT Media posts solid Q1 results, digital and local revenue shine

OUTFRONT Media delivered a strong Q1 performance driven by robust local revenue growth and record U.S. billboard yields. While facing challenges in national revenue, the company remains well-positioned for growth with a focus on digital revenue expansion and sustainable transit advertising partnerships.

OUTFRONT Media excels in Q2 with strong U.S. media growth

OUTFRONT Media's Q2 performance reflects a strong focus on operational efficiency and revenue growth in the U.S. Media segment.
The company's strategic initiatives, including the sale of the Canadian business and emphasis on digital offerings, are driving positive results.
While facing challenges such as evolving advertising trends and capital reallocation post the Canadian business sale, OUTFRONT Media remains well-positioned for future growth.
By leveraging opportunities in digital advertising, transit growth, and strategic investments, OUTFRONT Media can enhance its market position and drive sustained performance.

OUTFRONT Media excels in U.S. Media post Canadian business sale

OUTFRONT Media's U.S. Media segment showed strong revenue and OIBDA growth post the Canadian business sale.
Despite challenges like expense increases, the company's financial performance remained robust in Q3 2024.
Approval of a special dividend and no impairment charge reflect a shareholder-friendly and cost-efficient approach.
Strategic opportunities lie in optimizing revenue streams and managing expenses for sustained growth.

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A large-scale presence, strategic investments for digital billboard conversions and efforts to leverage the OOH advertising are likely to drive OUTFRONT Media's (OUT) stock in the quarters ahead.

OUTFRONT Media (OUT) Up 54% in 3 Months: Will the Trend Last?

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TMHC and OUT made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 4, 2024.

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OUT and IP made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 4, 2024.

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NEW YORK , Nov. 7, 2023 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) today announced that two of its wholly-owned subsidiaries priced a private offering of $450.0 million in aggregate principal amount of 7.375% Senior Secured Notes due 2031 (the "notes"). The notes will be sold at an issue price of 100.0% of the principal amount.

OUTFRONT Media Announces Pricing of Senior Secured Notes Offering

OUTFRONT Media (OUT) Q3 2023 results reflect decent top-line growth, backed by a rise in billboard revenues. However, higher interest expenses act as a spoilsport.

OUTFRONT Media (OUT) Stock Rises on Q3 AFFO Beat, Revenues Up

OUTFRONT Media Inc. (NYSE:OUT ) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Stephan Bisson - VP, IR Jeremy Male - Chairman and CEO Matthew Siegel - EVP and CFO Conference Call Participants Ian Zaffino - Oppenheimer Cameron McVeigh - Morgan Stanley Jim Goss - Barrington Research Operator Thank you for standing by and OUTFRONT Third Quarter 2023 Earnings Conference Call. My name is Sam and I'll be the moderator for today's call.

OUTFRONT Media Inc. (OUT) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Outfront Media (OUT) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Outfront Media (OUT) Q3 Earnings: A Look at Key Metrics

Revenues of $454.8 million Operating income of $58.6 million Net income attributable to OUTFRONT Media Inc. of $17.0 million Adjusted OIBDA of $116.9 million AFFO attributable to OUTFRONT Media Inc. of $75.7 million Quarterly dividend of $0.30 per share, payable December 29, 2023 NEW YORK , Nov. 2, 2023 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) today reported results for the quarter ended September 30, 2023. "As expected, third quarter revenues were up slightly as a result of higher billboard revenues and strength in our local business," said Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media.

OUTFRONT Media Reports Third Quarter 2023 Results

NEW YORK and TORONTO , Oct. 23, 2023 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) and Bell Media announced today that they have entered into an agreement to sell the Canadian business of OUTFRONT Media to Bell Media, a wholly-owned subsidiary of BCE (TSX, NYSE: BCE). The purchase price is C$410 million in cash, subject to certain adjustments and a holdback.

OUTFRONT Media to Divest its Canadian Business to Bell Media

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BSAC, HBM and OUT have been added to the Zacks Rank #5 (Strong Sell) List on October 20, 2023.

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NEW YORK , Oct. 18, 2023 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that it will report results for the fiscal quarter ended September 30, 2023, after the market closes on Thursday, November 2, 2023. The earnings announcement will be available in the Investor Relations section of the Company's website, www.outfront.com.

OUTFRONT Media To Report 2023 Third Quarter Results on November 2, 2023

OUTFRONT Media has experienced a significant drop since our last coverage. This has pushed the yield up to 14% and the stock is trading near 5X forward AFFO. The dividend actually looks safe based on AFFO coverage but there are things to consider here before buying.

A Look At The 14% Yield From Outfront Media

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NEW YORK , Sept. 14, 2023 /PRNewswire/ -- OUTFRONT Media (NYSE:OUT), one of the largest out-of-home media (OOH) companies in the U.S., today announced a partnership with Lil' Libros, a literary-focused company founded by two Mexican American moms dedicated to creating bilingual children's books that celebrate dual identities.

OUTFRONT Media Celebrates Hispanic Heritage Month with "Pages of Hispanic Heritage" Campaign in Partnership with Lil' Libros

NEW YORK , Sept. 1, 2023 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that Jeremy Male, Chairman and Chief Executive Officer, is scheduled to present at Citi's 2023 Global Technology and GEMS Conference on Thursday, September 7, 2023 at 10:30 a.m.

OUTFRONT Media Chief Executive Officer Jeremy Male to Participate in Citi's 2023 Global Technology and GEMS Conference

Company Launching Cultural Campaign Themed 'This is What Hip Hop Sounds Like' NEW YORK , Aug. 17, 2023 /PRNewswire/ -- Hip Hop was born at a party in The Bronx 50 years ago. Now, the subway in The Bronx and all five New York boroughs will be treated to an anniversary celebration for the musical revolution that shook the world.

COMMEMORATING NYC AS BIRTHPLACE OF HIP HOP, OUTFRONT MEDIA CELEBRATES GENRE'S 50TH ANNIVERSARY WITH MUSIC AND VIDEO CONTENT IN TRANSIT SYSTEM ACROSS THE CITY

Stiff competition from several advertising channels and rising costs due to an inflationary and high-interest rate environment pose a bleak near-term outlook for OUTFRONT Media (OUT).

Here's Why You Should Sell OUTFRONT Media (OUT) Stock Now

NEW YORK , Aug. 7, 2023 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that Matthew Siegel, Executive Vice President and Chief Financial Officer, is scheduled to present at the Oppenheimer 26th Annual Technology, Internet & Communications Conference on Wednesday, August 9, 2023 at 2:05 p.m. Eastern Time.

OUTFRONT Media Chief Financial Officer Matthew Siegel to Participate in the Oppenheimer 26th Annual Technology, Internet & Communications Conference

OUTFRONT Media's (OUT) Q2 results miss estimates. Higher operating expenses pose a concern.

OUTFRONT Media's (OUT) Q2 AFFO & Revenues Miss Estimates

OUTFRONT Media Inc. (NYSE:OUT ) Q2 2023 Results Conference Call August 3, 2023 4:30 PM ET Company Participants Stephan Bisson - Vice President of Investor Relations Jeremy Male - Chairman and Chief Executive Officer Matthew Siegel - Executive Vice President and Chief Financial Officer Conference Call Participants Ben Swinburne - Morgan Stanley Richard Choe - JPMorgan James Goss - Barrington Research Ian Zaffino - Oppenheimer Operator Good afternoon. My name is Dennis, and I will be your conference operator today.

OUTFRONT Media Inc. (OUT) Q2 2023 Earnings Call Transcript

Outfront Media (OUT) came out with quarterly funds from operations (FFO) of $0.47 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to FFO of $0.57 per share a year ago.

Outfront Media (OUT) Lags Q2 FFO and Revenue Estimates

Revenues of $468.8 million Operating loss of $438.2 million (includes $511.4 million impairment taken on U.S. Transit and Other) Net loss attributable to OUTFRONT Media Inc. of $478.9 million Adjusted OIBDA of $122.2 million AFFO attributable to OUTFRONT Media Inc. of $78.0 million Quarterly dividend of $0.30 per share, payable September 29, 2023 NEW YORK , Aug. 3, 2023 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) today reported results for the quarter ended June 30, 2023. "Second quarter revenues grew 4%, driven by higher billboard yields and growth from both our local and national businesses," said Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media.

OUTFRONT Media Reports Second Quarter 2023 Results

News for OUTFRONT Media Stock (OUT)