What guidance did Clear Channel Outdoor Holdings's management provide for the next earnings period?

What is the revenue and EPS growth rate for Clear Channel Outdoor Holdings year over year?

What were the key takeaways from Clear Channel Outdoor Holdings's earnings call?

What is the market's earnings forecast for Clear Channel Outdoor Holdings next quarter?

What factors drove the changes in Clear Channel Outdoor Holdings's revenue and profit?

What does Clear Channel Outdoor Holdings do and what are its main business segments?

Did Clear Channel Outdoor Holdings beat or miss consensus estimates last quarter?

What were the key takeaways from Clear Channel Outdoor Holdings’s earnings call?

- **Revenue Growth**: Q3 2025 up 8.1% to $405.6M, driven by Americas (+5.9%) and Airports (+16.1%).
- **Digital Expansion**: Airports digital revenue +37.4%, Americas digital adoption accelerating.
- **Strategic Value Creation**: $1.3B+ potential value by 2028 via EBITDA growth and debt reduction.
- **Market Recovery**: San Francisco and New York outperforming, with New York assets on track for Q1 cash flow positivity.
- **Cost Efficiency**: $50M corporate cost savings target on track, supporting 6%-8% EBITDA margin expansion.

**【CEO Opening Remarks】**
- Q3 2025 revenue of $405.6M (+8.1% YoY), driven by Americas (+5.9%) and Airports (+16.1%).
- Americas growth fueled by digital revenue, MTA Roadside contract, and San Francisco recovery.
- Airports segment benefits from digital growth (+37.4%) and national sales expansion.
- 2025 full-year guidance tightened: $1.584B-$1.599B revenue (+5%-6%), $490M-$505M EBITDA (+3%-6%).
- 2028 goals: $1.3B+ value creation via $115M EBITDA growth and $400M debt reduction.

**【CFO Financial Review】**
- Q3 2025: Adjusted EBITDA $132.5M (+9.5% YoY), AFFO $30.5M (+62.5% YoY).
- Americas EBITDA margin 43.1%, Airports margin 22.9%.
- Q4 2025 guidance: $441M-$456M revenue (+3%-7%), $85M-$95M full-year AFFO.
- Debt refinancing reduces annualized interest to ~$390M, extending maturity to 4.8 years.

**【Q&A Highlights】**
- **Ad Market Momentum**: National sales growth in pharma, tech, and AI; 2026 outlook positive amid search and TV disruption.
- **Market Performance**: San Francisco recovery driven by tech and city revitalization; New York expansion on track for Q1 cash flow positivity.
- **Strategic Alternatives**: Board evaluating all value creation pathways, including potential M&A.
- **Spain Sale**: Regulatory approval expected for non-OOH buyer; $135M sale proceeds to reduce debt.
- **Cost Efficiency**: $50M corporate cost savings target on track via zero-based budgeting.


Clear Channel Outdoor Holdings, Inc. (CCO) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

CCO

CCO fundamentals

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