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OUTFRONT Media (OUT) reported fiscal 2025 Q3 earnings on Nov 8, 2025, delivering revenue growth of 3.5% to $467.5 million and EPS of $0.29, surpassing expectations. The company raised full-year AFFO guidance to high single-digit growth, reflecting confidence in its strategic initiatives.
Revenue

Billboard revenue led the way with $352.80 million, while transit segment revenue surged to $112.40 million. Additional segments, including Other and Corporate, contributed $2.30 million and $0, respectively, consolidating to a total revenue of $467.50 million.
Earnings/Net Income
OUTFRONT Media’s EPS rose 45% to $0.29, while net income reached $51.4 million, a 47.7% year-over-year increase. The company’s profitability improvements underscore strong operational performance.
Post-Earnings Price Action Review
The stock price surged 10.65% during the latest trading day, 13.96% for the week, and 13.51% month-to-date, reflecting investor optimism about the results. Management expressed confidence in the momentum, citing robust transit growth and digital transformation efforts.
CEO Commentary
CEO Nicolas Brien highlighted a 24% transit revenue increase, driven by the New York MTA’s 37% growth, and emphasized strategic partnerships like AWS to enhance digital solutions. He noted disciplined cost controls and margin improvements as key drivers of the 24% AFFO growth.
Guidance
OUTFRONT Media raised 2025 full-year AFFO guidance to high single-digit growth, with Q4 revenue expected to grow in the low-to-mid single digits. The company remains focused on transit expansion and digital innovation.
Additional News
Dividend Announcement: OUTFRONT declared a $0.30/share dividend, payable Dec. 31, maintaining its payout consistency.
AWS Partnership: A strategic collaboration with AWS aims to streamline inventory planning, buying, and measurement, enhancing client engagement.
Guidance Raise: Full-year AFFO growth guidance was upgraded to high single digits, reflecting improved operational efficiency and transit demand.
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