Welcome to our dedicated page for Clear Channel Outdoor Holdings news (Ticker: CCO), a resource for investors and traders seeking the latest updates and insights on Clear Channel Outdoor Holdings stock.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is a leading global player in the outdoor advertising industry, operating in over 30 countries across North America, Latin America, Europe, and Asia. The company boasts a robust presence in 43 of the top 50 U.S. markets, and its expanding digital platform includes more than 1,200 digital billboards across 28 U.S. markets. Clear Channel Outdoor helps advertisers craft impactful out-of-home campaigns using both traditional and digital formats in various environments such as roadside, urban, transit, airport, street furniture, and retail near the point of sale.
The company enables brands to engage with mobile consumers, integrating out-of-home advertising with mobile and social media to boost customer engagement and drive purchases. By leveraging its extensive portfolio of over 330,000 print and digital displays in 19 countries (excluding businesses held for sale), Clear Channel Outdoor connects advertisers with millions of consumers monthly.
Recent Achievements:
- Clear Channel Outdoor reported fourth-quarter consolidated revenue of $632.1 million, a 12.4% increase year-over-year, driven by strong performance in the Airports and Europe-North segments.
- The company sold its businesses in Switzerland, Italy, and Spain, generating $153.5 million in aggregate proceeds. These sales, reflecting the company's strategic focus on higher-margin U.S. markets, are part of an ongoing process to optimize its portfolio.
- Clear Channel Outdoor recently refinanced a significant portion of its debt, extending maturities and improving financial flexibility. This includes a new term loan facility and the issuance of $865 million in senior secured notes due 2030.
Financial Condition & Current Projects: The company continues to strengthen its balance sheet, with $193.2 million in cash and a clear focus on reducing leverage. As part of its strategic roadmap, Clear Channel Outdoor is enhancing its technology and digital infrastructure to increase operating leverage and organically grow EBITDA and free cash flow. The sale process of their Europe-North segment and Latin American businesses is ongoing.
Partnerships & Innovations: Clear Channel Outdoor is at the forefront of innovation within the out-of-home advertising industry. The company’s dynamic advertising platform includes data analytics and programmatic capabilities, making campaigns more measurable and easier to purchase. This innovation broadens the advertiser base, driving significant engagement across its diverse portfolio.
Visit the company’s website at clearchanneloutdoor.com for more information.
Clear Channel Airports (CCA) has launched a cutting-edge digital advertising program in partnership with Signature Flight Support, aimed at reaching high-net-worth air travelers in private aviation terminals across major U.S. cities like New York, Los Angeles, Miami, and Chicago. This initiative follows a March 2020 agreement for a five-year exclusivity in advertising at over 130 private terminals. The digital network features advanced LED displays and custom messaging capabilities, enhancing brand engagement and offering advertisers valuable ROI opportunities.
Clear Channel Outdoor (CCO) announced its innovative Showcase Shelters, a modern approach to out-of-home advertising, offering brands customizable displays for enhanced consumer engagement. Strategically located in high-traffic urban areas like San Francisco and Washington, D.C., these shelters use digital audience insights for targeted marketing through tools like RADARView®. The shelters promote immersive campaigns, including a collaboration with No Kid Hungry to raise awareness about childhood hunger. This reinvention meets the demands of modern marketing as consumer mobility increases.
Clear Channel Outdoor has partnered with the National Center for Missing and Exploited Children and the Texas Center for the Missing for a month-long campaign coinciding with National Missing Children's Day on May 25. The digital Out-of-Home (DOOH) initiative aims to generate leads for missing children's cases, focusing on Texas, where 253 children are currently missing. The campaign will utilize CCO's digital billboards in major cities nationwide, showcasing statistics about missing children and urging public awareness.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) announced that CEO Scott Wells will participate in a Q&A session at the Cowen 50th Annual Technology, Media, and Telecom Conference on June 1, 2022, at 9:05 a.m. ET. A live audio webcast will be accessible on the company's investor website, where it can also be replayed for 30 days post-event. Clear Channel Outdoor is a leader in the out-of-home advertising sector, leveraging digital billboards and data analytics to enhance advertising effectiveness and reach millions of consumers across 26 countries.
Clear Channel Outdoor Holdings, (NYSE: CCO), announced that CFO Brian Coleman will participate in a Q&A session at the Barclays Leveraged Finance Conference on May 24, 2022, at 10:30 a.m. ET. A live audio webcast will be available on their investor website and can be replayed for 30 days. Clear Channel Outdoor is a leader in the out-of-home advertising space, offering innovative solutions through digital billboards and data analytics, connecting advertisers with millions of consumers across over 500,000 displays in 26 countries.
Clear Channel Outdoor Holdings reported strong first-quarter results for 2022, with a revenue increase of 39.3% in the Americas to $295.1 million and a 45.2% rise in Europe to $217.1 million. The company attributes this growth to robust advertiser demand and an expanding digital presence. Adjusted EBITDA for the Americas grew by 71.8% to $110.3 million, while Europe saw a significant EBITDA improvement. For Q2, expected consolidated revenue is between $655 million and $675 million, reflecting continued operational momentum.
Clear Channel Outdoor Holdings (NYSE: CCO) announces CFO Brian Coleman will participate in a Q&A session at the Goldman Sachs Leveraged Finance Conference on May 12, 2022, at 5:50 p.m. ET. A live audio webcast will be available on the company's investor website, offering a replay for 30 days. Clear Channel Outdoor is a leader in the out-of-home advertising sector, expanding its digital capabilities and analytics to connect advertisers with millions across over 500,000 displays in 26 countries.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is set to release its first quarter results for 2022 on May 10, 2022, at 7:00 a.m. Eastern Time. A conference call to discuss these results will follow at 8:30 a.m. Interested parties can join via phone or access a live audio webcast on the company's investor relations website. Clear Channel continues to innovate in the out-of-home advertising sector through digital billboards and data analytics, reaching millions of consumers across over 500,000 displays in 26 countries.
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