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 (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.
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 the Goldman Sachs Communacopia Conference on September 21, 2021, at 12:25 p.m. ET. The session will be available via a live audio webcast on the company's investor website, with a replay option for 30 days. Clear Channel Outdoor is a leading outdoor advertising company with over 500,000 displays across 27 countries, including more than 17,000 digital displays globally.
Clear Channel Outdoor (CCO) has partnered with Foursquare to enhance campaign performance metrics for digital out-of-home (DOOH) advertising. This collaboration integrates Foursquare Attribution with CCO's RADARProof®, enabling brands to receive daily updates on impressions, conversions, and offline visitation. The partnership aims to provide actionable insights and facilitate in-flight ad optimizations, allowing advertisers to measure performance across various channels effectively. This move signifies a significant advancement in DOOH measurement and attribution, enabling brands to adapt strategies in real-time.
Clear Channel Outdoor Holdings reported strong Q2 2021 results, with revenues rising 36% in the Americas to $271.6 million and 130.2% in Europe to $247.1 million. Segment Adjusted EBITDA surged 170.6% to $127.2 million in the Americas. The company anticipates continued revenue growth, with expectations of $315-$325 million in the Americas for Q3 2021. William Eccleshare will transition to Executive Vice Chairman, while Scott Wells becomes CEO on January 1, 2022.
Despite positive momentum, restructuring and pandemic impacts may affect future guidance.
On July 12, 2021, the National Summer Learning Association (NSLA) launched National Summer Learning Week with a campaign on Clear Channel Outdoor's digital billboards, featuring the Game Builder Garage game for Nintendo Switch. This initiative aims to promote summer learning and provide families with resources via DiscoverSummer.org, especially important after the challenges of the pandemic. Clear Channel Outdoor supports this cause by running messages across 2,000 digital displays. The partnership focuses on educational equity to enhance learning opportunities for vulnerable children.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) will release its second quarter 2021 results on July 29, 2021, at 7:00 a.m. ET, prior to market opening. A conference call to discuss these results will follow at 8:30 a.m. ET. Interested participants can join by calling 877-665-6356 (U.S.) or 270-215-9897 (International), using access code 2397443. A live audio webcast will also be available on the company's website. Clear Channel Outdoor is a leading outdoor advertising firm with a portfolio of over 500,000 displays across 31 countries, emphasizing its expanding digital platform.
Clear Channel Outdoor (CCO) launched a billboard campaign supporting the '1MBB' initiative in partnership with Operation HOPE, aiming to build one million Black-owned businesses. The campaign, active since April, highlights the need for resources and guidance to bridge the gap for Black business owners, who have seen a 40% decline due to the pandemic. Currently, there are 2.6 million Black-owned businesses in the U.S., but 96% lack employees. Operation HOPE offers coaching and technical assistance to empower new and existing entrepreneurs.
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