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Clear Channel Outdoor (CCO) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-07 14:36
Clear Channel Outdoor (CCO) reported $558.54 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 12.4%. EPS of -$0.06 for the same period compares to -$0.08 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $563.75 million, representing a surprise of -0.93%. The company delivered an EPS surprise of -50.00%, with the consensus EPS estimate being -$0.04. While investors closely watch year-over-year changes in headline numbers -- revenue and e ...
Clear Channel Outdoor (CCO) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-08-07 12:16
Clear Channel Outdoor (CCO) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this outdoor advertising company would post a loss of $0.18 per share when it actually produced a loss of $0.17, delivering a surprise of 5.56%. Over the last four quarters, ...
Clear Channel Outdoor Holdings, Inc. Reports Results for the Second Quarter of 2024
Prnewswire· 2024-08-07 10:00
SAN ANTONIO, Aug. 7, 2024 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today reported financial results for the quarter ended June 30, 2024. "We delivered second quarter consolidated revenue of $559 million, an increase of 5.2%, or 5.4% excluding movements in foreign exchange rates, with growth in our America, Airports and Europe-North segments," said Scott Wells, Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. "Our performance reflects healthy demand from ...
Clear Channel Outdoor(CCO) - 2024 Q2 - Quarterly Report
2024-08-07 00:50
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32663 CLEAR CHANNEL OUTDOOR HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 88-0318078 | --- | --- | ...
Clear Channel Outdoor(CCO) - 2024 Q2 - Quarterly Results
2024-08-07 00:30
Exhibit 99.1 Clear Channel Outdoor Holdings, Inc. Reports Results for the Second Quarter of 2024 ---------------- San Antonio, TX, August 7, 2024 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today reported financial results for the quarter ended June 30, 2024. "We delivered second quarter consolidated revenue of $559 million, an increase of 5.2%, or 5.4% excluding movements in foreign exchange rates, with growth in our America, Airports and Europe-North segments," said Scott Wells, Chi ...
Clear Channel Outdoor Holdings, Inc. Announces Date for 2024 Second Quarter Earnings Release and Conference Call
Prnewswire· 2024-07-08 11:00
SAN ANTONIO, July 8, 2024 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") will release 2024 second quarter results before the market opens on Wednesday, August 7, 2024, by 7:00 a.m. and will host a conference call to discuss the results at 8:30 a.m. Eastern Time. A replay of the webcast will be available after the live conference call on the "Events & Presentations" section of the Company's website. SOURCE Clear Channel Outdoor Holdings, Inc. The conference call number is 86 ...
"Project Yellow Light" Names 2024 Student Scholarship Winners Spotlighting the Dangers of Distracted Driving Through PSAs
Prnewswire· 2024-06-28 13:17
8 students from across the nation awarded scholarships for their winning TV, Radio and Billboard creative NEW YORK, June 28, 2024 /PRNewswire/ -- In its 13th year, the Ad Council and Project Yellow Light announced the winners of the annual Project Yellow Light scholarship competition. This contest offers students an opportunity to create TV, radio and billboard PSAs to educate their peers about the dangers of distracted driving, specifically cell phone usage while driving. The winning PSAs will be seen in N ...
'Visit Annapolis' Out of Home Campaign Dominates Baltimore/Washington International Thurgood Marshall Airport (BWI) as Record-Breaking Summer Travel Season Kicks Off
Prnewswire· 2024-06-28 12:05
BALTIMORE, June 28, 2024 /PRNewswire/ -- Clear Channel Outdoor, Airports Division, the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), today announced a new partnership and sponsorship with Visit Annapolis & Anne Arundel County (VAAAC), a nonprofit Destination Marketing/Management Organization whose mission is to foster a welcoming destination and promote tourism on behalf of its visitors, partners, and community, to activate a cutting-edge, first-of-its-kind brand take ...
Clear Channel Outdoor(CCO) - 2024 Q1 - Earnings Call Transcript
2024-05-10 05:33
Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Eileen McLaughlin - Investor Relations Scott Wells - Chief Executive Officer David Sailer - Chief Financial Officer Justin Cochrane - Chief Executive Officer, Clear Channel UK and Europe Conference Call Participants Cameron McVeigh - Morgan Stanley Daniel Osley - Wells Fargo Avi Steiner - JPMorgan Lance Vitanza - TD Cowen Aaron Watts - Deutsche Bank Jim Goss - Barrington Research Eile ...
Clear Channel Outdoor(CCO) - 2024 Q1 - Earnings Call Presentation
2024-05-10 05:32
Safe harbor statement and other information Guidance Non-GAAP Financial Information C | --- | |----------------------------------------------------------------------------------------| | | | Loss from continuing operations : Consolidated net loss 3 : $89 million (up 151.5%) | | Adjusted EBITDA 1,4 : $97 million (up 53.6%) | | • Up 53.0% excluding movements in FX 2 | | AFFO 1,4,5 : $(16) million (up 62.6%) | | ◦ Up 61.6% excluding movements in FX 2 | Reportable Segments and Discontinued Operations • 1Q 2024 ...