Clear Channel Outdoor Holdings, Inc. - CCO STOCK NEWS

Clear Channel Outdoor Holdings (NYSE: CCO) announced that CEO Scott Wells will present at the Wells Fargo TMT Summit on November 29, 2022, at 1:50 p.m. PT. A live audio webcast and replay will be accessible on their investor website. Clear Channel is a leader in the out-of-home advertising industry, innovating with digital billboards and data analytics to enhance advertising reach. With over 500,000 displays across 24 countries, they connect millions of consumers monthly.

Clear Channel Outdoor Holdings (NYSE: CCO) reported Q3 2022 financial results, showing consolidated revenue of $602.9 million, a 1.1% increase year-over-year. Adjusted EBITDA was $129.5 million, down 5.0%, while net loss widened to $38.8 million. Americas revenue rose 8.6% to $346.5 million, but Europe saw an 8.9% decline. The company is focused on digital transformation and optimizing its European segment. Q4 guidance estimates revenue between $740 million and $765 million. They maintain a cautious outlook for costs amidst changing business trends.

Clear Channel Outdoor Americas (CCO) collaborates with the USO for a nationwide digital billboard campaign throughout November. The initiative aims to encourage public support for over 1.3 million service members deployed globally during the holiday season. With over 2,000 digital billboards across major markets and airports, the campaign promotes USO programs like Care Packages and entertainment to connect service members with their families. The partnership highlights the unique challenges faced by military personnel and emphasizes the importance of community support in their service.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) will release its 2022 third quarter results before the market opens on November 8, 2022, at 7:00 a.m. Eastern Time. A conference call to discuss the results will follow at 8:30 a.m. Eastern Time, available for U.S. callers at 1-833-927-1758 and international callers at 1-929-526-1599, using access code 913379. Earnings materials will be accessible on the Company's website after the results are released. Clear Channel Outdoor operates an expansive advertising platform across 500,000 print and digital displays in 25 countries.

Clear Channel Airports and PenFed Credit Union have launched a groundbreaking partnership, creating The PenFed Tunnel at Washington Dulles International Airport. This multi-year, multimillion-dollar campaign features a unique digital media tunnel, comprising nearly 4,000 square feet of LED displays and audio systems, capturing the attention of millions of travelers daily. This brand takeover allows PenFed a full marketing presence in Terminal C, promoting its financial services to a diverse audience as travel rebounds to pre-pandemic levels.

Clear Channel Outdoor (NYSE: CCO) partners with the Afterschool Alliance, National League of Cities, and National Summer Learning Association for the 23rd annual Lights On Afterschool campaign. The initiative will feature visibility on nearly 2,000 digital billboards nationwide, running throughout October, culminating in events on October 20. The campaign highlights afterschool programs' contributions to child safety, education, and community support amidst increasing demand. A recent survey indicates 24.7 million U.S. children would enroll in afterschool programs if available, underscoring the existing unmet demand.

Clear Channel Outdoor Americas (CCOA) has appointed Chris Pezzello as the new president of its Chicago market, responsible for operations across sales, marketing, and finance. With over 26 years of experience, Pezzello aims to enhance revenue growth and strengthen relationships with clients and municipalities. CCOA's digital transformation positions it well to capitalize on growth opportunities in the Out-of-Home (OOH) sector. The company reaches 91% of the DMA 18+ population weekly, with over 7 million passengers at O'Hare International Airport monthly.

Clear Channel Outdoor Holdings, Inc. (CCO) held its inaugural Investor Day on September 8, 2022, presenting its long-term strategy to enhance its competitive position in the out-of-home advertising sector. The firm detailed its technology investments and expanded financial disclosures for the Americas segment, aiming for a revenue range of $2.6 billion to $2.635 billion for 2022. Key strategic priorities include accelerating digital transformation and improving operational efficiency. Despite reaffirming guidance, the company expects a consolidated net loss between $150 million and $123 million for the full year.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) announced that CFO Brian Coleman will present at the Deutsche Bank Leveraged Finance Conference on September 20, 2022, at 9:20 a.m. MST. The presentation will be available via live audio webcast and can be accessed on their investor website. Clear Channel Outdoor is a leader in the out-of-home advertising industry, utilizing digital billboards and data analytics to enhance advertising effectiveness, reaching millions of consumers through over 500,000 displays across 25 countries.