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 Outdoor Americas (CCO) has partnered with No Kid Hungry for a second consecutive year to launch a holiday campaign aimed at combating childhood hunger in the U.S. Nearly one in six children face hunger, and every dollar donated can provide up to 10 meals. The campaign includes immersive 'Showcase Shelters' in Washington, D.C., and digital billboards promoting local food assistance. The initiative aims to connect communities with resources, stressing the importance of support as families struggle during the pandemic.
Clear Channel Outdoor Holdings (NYSE: CCO) announced a strategic review of its European business, potentially leading to a sale. CEO William Eccleshare stated that improved revenue performance in Europe and a desire to align with strategic goals motivated this decision. The fourth-quarter guidance was raised, with consolidated revenue expectations now between $730 million and $750 million, up from previous estimates. The Americas segment is also performing well, with anticipated revenue growth. However, the company acknowledged uncertainties, including the ongoing impacts of COVID-19 on operations.
Clear Channel Outdoor Holdings (NYSE: CCO) announced participation in the Barclays Global Technology, Media and Telecommunications Conference 2021. Scott Wells, CEO, and Brian Coleman, CFO, will engage in a Q&A session on December 7, 2021, at 4:10 p.m. ET. Investors can access a live audio webcast on the company's investor website, which will also be available for replay for 30 days. Clear Channel Outdoor operates over 500,000 displays globally, with a significant digital presence, including more than 17,000 digital displays worldwide.
Clear Channel Outdoor Holdings (NYSE: CCO) announced its executives, including CEO William Eccleshare, CFO Brian Coleman, and CEO of Clear Channel Outdoor Americas Scott Wells, will participate in a Q&A session at the Wells Fargo Virtual 5th Annual TMT Summit on December 1, 2021, at 9:20 a.m. ET. The session will be webcast live on their investor website and available for replay for 30 days. Clear Channel Outdoor is a leading outdoor advertising company with over 500,000 displays globally, including more than 17,000 digital displays.
Clear Channel Outdoor Holdings (NYSE: CCO) reported strong third-quarter 2021 financial results, with Americas revenue up 42.6% to $319 million and Europe revenue up 21% to $262.6 million. Both segments showed significant growth compared to 2020, primarily driven by increased mobility and advertising demand. The company maintains a healthy balance sheet with $600 million in cash and has repaid $130 million of its credit facility. Looking ahead, consolidated revenue is guided between $715 million and $740 million for Q4, suggesting recovery towards pre-pandemic levels.
On November 2, 2021, Conservation International announced a global Out-Of-Home (OOH) campaign with Clear Channel, titled "Hear me while you can", during COP26 in Glasgow. The campaign aims to amplify the importance of nature in climate discussions, featuring sounds from various ecosystems on digital screens that link to a dedicated site for further engagement. Clear Channel is donating advertising space to boost visibility, emphasizing the need for increased investment in nature-based solutions to combat climate change. The initiative aligns with recent commitments to biodiversity protection made at COP15.
Clear Channel Outdoor (NYSE: CCO) announces a partnership with the Afterschool Alliance, the National League of Cities, and the National Summer Learning Association to launch a national visibility campaign for Lights On Afterschool. Running through October, the campaign highlights afterschool programs' critical roles during the COVID-19 pandemic. Data shows that for every child in these programs, three are waiting to join. The campaign features over 2,000 digital billboards, emphasizing the growing demand for afterschool services and the barriers faced by many families in accessing them.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) will release its third quarter 2021 results on November 9, 2021, before the market opens at 7:00 a.m. Eastern Time. A conference call to discuss the results will take place at 8:30 a.m. Eastern Time, accessible via dial-in and a live audio webcast on the company's website. CCO is a leading outdoor advertising company, operating over 500,000 displays globally, with significant digital assets. Detailed financial materials will be provided on the company's website following the release.
Clear Channel Outdoor Holdings (NYSE: CCO) announced that CEO William Eccleshare, CFO Brian Coleman, and CEO of Clear Channel Outdoor Americas Scott Wells will participate in a Q&A session at Deutsche Bank's 29th Annual Leveraged Finance Conference on October 4, 2021, at 10:00 a.m. ET. Investors can access a live audio webcast on Clear Channel's investor website, which will also be available for replay for 30 days. The company operates over 500,000 outdoor advertising displays globally, including more than 19,000 digital displays.
Hivestack has partnered with Clear Channel Outdoor Americas (CCOA), allowing advertisers to purchase programmatic digital out-of-home (DOOH) inventory. This collaboration enables CCOA to leverage the Hivestack SSP and Ad Exchange for programmatic buying, expanding its nationwide reach to over 100 million people monthly through digital billboards, airport media, and more. The partnership aims to enhance programmatic revenue opportunities for CCOA while providing marketers with advanced data-driven solutions to target audiences effectively.
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