Clear Channel Outdoor ( (CCO) ) has released its Q3 earnings. Here is a breakdown of the information Clear Channel Outdoor presented to its investors.
Clear Channel Outdoor Holdings, Inc., a leader in the out-of-home advertising sector, operates a dynamic platform integrating digital billboards and data analytics to enhance advertising reach across the U.S. and Europe. In their third-quarter 2024 earnings report, the company announced a 6.1% increase in consolidated revenue, reaching $559 million, driven by growth in all business segments, including significant gains in airport and European markets. The company secured a major 15-year contract with the New York MTA, signaling robust future opportunities. Despite a net loss from continuing operations of $31.5 million, the adjusted EBITDA rose by 2.6%, highlighting operational improvements. Looking forward, Clear Channel Outdoor remains committed to leveraging technological investments to enhance performance and pursue growth, with expectations to meet their full-year financial guidance.
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