OUTFRONT Media(OUT)

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OUTFRONT Media(OUT) - 2024 Q1 - Earnings Call Transcript
2024-05-03 00:25
OUTFRONT Media Inc. (NYSE:OUT) Q1 2024 Earnings Conference Call May 2, 2024 4:30 PM ET Company Participants Stephan Bisson - Vice President, Investor Relations Jeremy Male - Chairman & Chief Executive Officer Matthew Siegel - Executive Vice President & Chief Financial Officer Conference Call Participants Cameron McVeigh - Morgan Stanley Ian Zaffino - Oppenheimer David Karnovsky - JPMorgan Operator Hello, everyone and welcome to the OUTFRONT Media First Quarter 2024 Earnings Call. My name is Henry and I will ...
OUTFRONT Media(OUT) - 2024 Q1 - Earnings Call Presentation
2024-05-02 20:31
$66.5 | --- | --- | --- | --- | --- | --- | |-------|--------|---------|--------|-------|------------------------| | | | | | | | | | | | | | Total | | | 92.6 | 4.9% | 97.1 | | ■ US Media - Billboard | | | | | | | ■ Other | | 1.1 ~ | | (18.2%) | | -0.9 | ■ US Media - Transit | | | (20.5) | 25.4% | (15.3) | | ■ Corporate Expense | | | (13.0) | (24.6%) | (16.2) | | | | | 1Q23 | | 1Q24 | | | CAPITAL EXPENDITURES OUTFR OUTFRONT ■ Senior Secured Term Loan & Revolving Credit Facility 5.7% $566.0 Availability $42.4 ...
OUTFRONT Media(OUT) - 2024 Q1 - Quarterly Results
2024-05-02 20:10
Exhibit 99.1 OUTFRONT Media Reports First Quarter 2024 Results Revenues of $408.5 million Operating income of $14.0 million Net loss attributable to OUTFRONT Media Inc. of $27.2 million Adjusted OIBDA of $66.5 million AFFO attributable to OUTFRONT Media Inc. of $23.2 million Quarterly dividend of $0.30 per share, payable June 28, 2024 NEW YORK, May 2, 2024 – OUTFRONT Media Inc. (NYSE: OUT) today reported results for the quarter ended March 31, 2024. "Strong local trends drove solid first quarter financial r ...
OUTFRONT and NYC Landmarks60 Alliance Launch Trivia Moments
Prnewswire· 2024-04-29 16:00
An Interactive Citywide Competition The Game Gives New Yorkers the Chance to Display Their Big Apple Knowledge and Commemorates the 60th Anniversary of the NYC Landmarks LawNEW YORK, April 29, 2024 /PRNewswire/ -- OUTFRONT Media (NYSE:OUT), one of the largest out of home (OOH) media companies in the U.S., and the NYC Landmarks60 Alliance are pleased to announce today's launch of Trivia Moments, a seven-month-long interactive citywide competition leading up to the 60th anniversary of New York City's Landmark ...
OUTFRONT AND STREETMETRICS TEAM UP TO OFFER GROUNDBREAKING MEASUREMENT PROVING EFFECTIVENESS OF BUS ADVERTISING UP AND DOWN THE FUNNEL
Prnewswire· 2024-04-26 13:59
Buses Drive Big Business for Brands, According to Several New Attribution Studies NEW YORK and BIRMINGHAM, Ala., April 26, 2024 /PRNewswire/ -- OUTFRONT Media (NYSE:OUT), one of the largest out-of-home media (OOH) companies in the U.S., and StreetMetrics, a leader in Moving OOH (MOOH) measurement, have partnered to enhance dynamic measurement for bus advertising campaigns. Through this alliance, the two companies are teaming up to bring dynamic measurement and attribution to the industry. OUTFRONT and St ...
OUTFRONT Media(OUT) - 2023 Q4 - Annual Report
2024-02-22 21:03
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ 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: 001-36367 OUTFRONT Media Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...
OUTFRONT Media(OUT) - 2023 Q4 - Earnings Call Transcript
2024-02-22 00:05
Financial Data and Key Metrics Changes - Revenues increased by 3% year-over-year on an organic basis, with U.S. Media and Canadian business both contributing equally to this growth [7] - Consolidated revenues grew by 1.3% in Q4, with OIBDA at $152 million and AFFO at $108 million [11][24] - Total expenses rose by 2.5% year-over-year, while billboard lease expenses decreased by 9% [17][18] Business Line Data and Key Metrics Changes - U.S. billboard revenues increased by 3%, with notable growth in the East and South regions [12] - Transit revenue declined by 4% due to weaker performance in tech, financial, and entertainment sectors [12] - Digital revenue grew by 9% in Q4, representing nearly 36% of total digital revenues, up from 33% the previous year [15] Market Data and Key Metrics Changes - Local revenues grew by 4.5% in Q4, while national revenues declined by 3% [13] - The best-performing categories in Q4 were CPG, legal services, education, and retail, while technology and entertainment faced declines [13] Company Strategy and Development Direction - The company plans to close the sale of its Canadian business for approximately $300 million, expected to finalize in the first half of 2024 [9][25] - The focus remains on enhancing digital capabilities and automated sales platforms, which contributed significantly to revenue growth [8][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2024, expecting significant improvement in revenue growth despite challenges faced in 2023 [27][36] - The anticipated recovery in the transit business and the impact of upcoming events like the Olympics and elections are expected to drive growth [36] Other Important Information - The company maintained a cash dividend of $0.30, payable on March 28, 2024 [33] - Total NAV leverage stood at 5.4x, with a comfortable debt structure and no significant maturities until 2026 [25][32] Q&A Session Summary Question: Details on AFFO guidance and impact of Canada - Management clarified that the AFFO growth assumes the sale of Canada mid-year, which will affect the comparative basis for 2024 [39][40] Question: Impact of media strikes on growth - Management noted that media strikes had a significant impact on the transit business, but they expect a full schedule this year to positively influence revenue [44][45] Question: Billboard digital versus static mix - Digital revenue constituted 36% of total revenues, up from 30% the previous year, indicating a positive trend towards digitization [51][52] Question: Strength in billboard and transit revenue - Management indicated that both segments are expected to grow, with programmatic revenues contributing positively [60][61] Question: Customer confidence in out-of-home advertising - Management observed increased customer interest in out-of-home advertising compared to the previous year, indicating a more favorable environment [63]
OUTFRONT Media(OUT) - 2023 Q4 - Annual Results
2024-02-21 21:09
Exhibit 99.1 OUTFRONT Media Reports Fourth Quarter And Full Year 2023 Results Fourth Quarter Revenues of $501.2 million Operating income of $111.0 million Net income attributable to OUTFRONT Media Inc. of $60.4 million, $0.35 earnings per diluted share Adjusted OIBDA of $151.7 million AFFO attributable to OUTFRONT Media Inc. of $108.1 million Quarterly dividend of $0.30 per share, payable March 28, 2024 NEW YORK, February 21, 2024 – OUTFRONT Media Inc. (NYSE: OUT) today reported results for the quarter and ...
OUTFRONT Media(OUT) - 2023 Q3 - Earnings Call Presentation
2023-11-07 16:25
222 225 234 237 237 233 251 242 268 268 282 292 307 108 110 110 120 120 120 120 74 78 78 95 100 101 $212.5 $271.8 $298.4 $333.4 $1,116.1 $283.4 $332.1 $335.3 $358.0 $1,308.8 $306.1 $352.2 $344.0 40,695 40,517 40,368 40,329 40,596 40,305 40,678 41,030 40,975 40,652 40,928 41,103 40,834 $1,741 $2,236 $2,464 $2,755 $2,292 $2,343 $2,721 $2,724 $2,912 $2,681 $2,493 $2,865 $2,800 $245.4 $321.8 $376.2 $438.6 $1,382.0 $354.2 $422.5 $428.0 $469.2 $1,673.9 $376.4 $443.0 $428.7 | --- | --- | --- | --- | --- | --- | -- ...
OUTFRONT Media(OUT) - 2023 Q3 - Earnings Call Transcript
2023-11-03 02:36
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. All lines will be muted during the presentat ...