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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 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.
Clear Channel Outdoor Holdings (NYSE: CCO) announced that CEO Scott Wells will participate in a Q&A session at the Morgan Stanley Technology, Media and Telecom Conference on March 7, 2022, at 7:45 p.m. ET. The session will be available via a live audio webcast on the investor website for 30 days. Clear Channel Outdoor is innovating in the out-of-home advertising sector with a focus on digital billboards and data analytics, connecting advertisers with millions of consumers across 26 countries.
Clear Channel Outdoor (CCO) reported strong financial results for Q4 and FY 2021, with significant revenue growth across all segments. Q4 Americas revenue rose 44% to $371.1 million, and Europe increased by 30.3% to $349.7 million. Adjusted EBITDA soared 80.3% and 128.8% for the Americas and Europe, respectively. The company aims to enhance its digital capabilities and optimize its portfolio, particularly in Europe. For Q1 2022, CCO anticipates revenues between $520 million and $550 million, with continued focus on post-COVID recovery and digital transformation.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) will announce its 2021 fourth quarter and full year results on February 24, 2022, before market opens. The company will host a conference call at 8:30 a.m. Eastern Time to discuss these results. Investors can access the live audio webcast through the company's website and find earnings materials available after 7:00 a.m. Eastern Time. Clear Channel is a significant player in outdoor advertising, boasting over 500,000 displays globally, including a rapidly growing digital platform with more than 17,000 digital displays internationally.
Clear Channel Outdoor Holdings (NYSE: CCO) announced Scott Wells as the new CEO, effective January 3, 2022, as part of its succession planning. Wells, previously CEO of Clear Channel Outdoor Americas since 2015, succeeds William Eccleshare, who becomes Executive Vice Chairman. The transition aims to capitalize on anticipated growth opportunities within the company's diverse outdoor advertising portfolio, including over 500,000 displays worldwide. The company is well-positioned for future success, bolstered by strong leadership and a commitment to enhancing customer relationships.
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