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Clear Channel Outdoor Holdings, Inc. reported first quarter 2024 financial results with consolidated revenue of $482 million, a 10.1% increase from the previous year. The company's strategic plan focuses on profitability, technology investments, and strengthening the balance sheet through refinancing activities. Adjusted EBITDA increased by 53.6%, showing positive growth across America, Airports, and Europe-North segments. Debt activity included issuing new Senior Secured Notes and refinancing existing loans to improve liquidity. The company provided guidance for the second quarter and full year of 2024, with expectations of continued revenue growth and improved financial performance.
Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) will participate in the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference. David Sailer, CFO, and Bob McCuin, CRO of Clear Channel Outdoor Americas, will present on May 21, 2024, at 5:05 p.m. ET. The webcast will be available on the company's investor website.
Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) will participate in TD Cowen's 52nd Annual Technology, Media & Telecom Conference with key executives presenting. The event is scheduled for May 29, 2024, at 2:25 p.m. Eastern Time, with a live webcast available on the company's investor website.