Welcome to our dedicated page for OUTFRONT Media news (Ticker: OUT), a resource for investors and traders seeking the latest updates and insights on OUTFRONT Media stock.
OUTFRONT Media Inc. (NYSE: OUT) is a prominent real estate investment trust specialized in the ownership of advertising space across a vast portfolio of billboards and transit displays. The company generates revenue by allowing other companies to advertise on its properties and structures under short-term contracts, making it a crucial player in the out-of-home (OOH) advertising industry.
OUTFRONT Media boasts the industry's most extensive and desirable landmark locations, featuring prime spots in high-traffic areas, retail districts, transit hubs, and iconic destinations including Times Square and the Sunset Strip. It operates over 400,000 displays nationwide, with a significant digital billboard network that is continuously expanding.
The company’s operations are primarily segmented into the United States and International units, although the majority of its revenue is derived from the U.S. market. Notably, about half of the U.S. revenue comes from New York City and Los Angeles. OUTFRONT Media's clientele spans diverse industries such as retail, television, healthcare, and entertainment.
OUTFRONT Media places a strong emphasis on customer-centric operations, striving to make the planning, buying, and execution of advertising campaigns as seamless as possible. The company is renowned for its exceptional customer service and commitment to exceeding client expectations. It is also at the forefront of innovation, leveraging cutting-edge technologies to create new markets, formats, and opportunities. This includes integrating digital networks with social and mobile platforms to enhance advertising efficacy.
Recently, OUTFRONT Media made significant strides with the expansion of its programmatic capabilities in transit advertising, especially within New York City's MTA system. This will enable advertisers to reach millions of commuters with targeted messaging through a network of digital signs.
In terms of financial performance, OUTFRONT Media continues to report steady revenue growth. In the second quarter of 2023, the company reported revenues of $468.8 million, a 4.1% increase from the prior year. However, challenges such as increasing interest expenses and impairment charges related to the MTA asset group have impacted overall profitability.
The strategic sale of its Canadian business to Bell Media, completed in the third quarter of 2023, has provided additional financial flexibility. OUTFRONT Media remains committed to enhancing shareholder value through regular dividends, with significant payouts reported across recent quarters.
Through continuous innovation and strategic partnerships, OUTFRONT Media is set to drive the out-of-home advertising industry forward, ensuring it remains a key channel for brands looking to connect with audiences on-the-go.
OUTFRONT Media Inc. (NYSE: OUT) will announce its fiscal year and fourth-quarter results for 2020 on February 25, 2021, after market close. The announcement can be found on their website's Investor Relations section. Following the results, a conference call will be held on the same day at 4:30 p.m. Eastern Time, accessible via phone and online streaming. OUTFRONT Media aims to innovate advertising through technology and a vast array of outdoor assets in North America, connecting brands to consumers.
OUTFRONT Media Inc. (NYSE: OUT) has priced a private offering of $500 million in 4.250% Senior Notes due in 2029. The offering is set to close on January 19, 2021, subject to customary conditions. Proceeds will be used to redeem all outstanding 5.625% Senior Notes due 2024 and pay related fees and interest. The notes will be guaranteed by OUTFRONT and its subsidiaries. They are offered to qualified institutional buyers under Rule 144A of the Securities Act, and not registered for public sale in the U.S.
OUTFRONT Media Inc. (NYSE: OUT) is set to present at the Citi 2021 Global TMT West Virtual Conference on January 7, 2021, at 11:00 a.m. Eastern Time. The presentation will be led by Jeremy Male, the company's Chairman and CEO. Interested parties can access a live and replay audio webcast on the investor relations section of OUTFRONT's website, www.OUTFRONTmedia.com. The company emphasizes technology and creativity in connecting brands with consumers via diverse outdoor advertising assets.
OUTFRONT Media reported Q3 2020 results with revenues of $282.3 million, down 39% year-over-year, primarily due to COVID-19's impact on advertising. Billboard revenue fell 23.1%, and transit revenue declined 71.8%. Significant cost reductions improved Adjusted OIBDA to $68.5 million, a 51.2% decrease. Net loss attributable to the company was $13.5 million, compared to a profit of $38.7 million in Q3 2019. Due to the pandemic, the quarterly dividend on common stock was suspended to maintain liquidity. The company holds $690.6 million in cash and $498.4 million available under its credit facility.
OUTFRONT Media Inc. (NYSE:OUT) announced the winners of the 2020 OUTFRAME competition, celebrating non-commercial art in advertising. Daniel Moran, Dinesh Boaz, Valentina Elegante, and Danny Potts from Future First Studio won first place for their piece titled "Selfless Love," depicting unity and social action. Starting today, this artwork will be showcased on digital billboards nationwide, with OUTFRONT donating media support to a charity of the winners' choice. Other notable entries included works by Ryan Christenson and Daniel Waldon.
OUTFRONT Media Inc. (NYSE: OUT) will report its quarterly results for the period ending September 30, 2020 on November 4, 2020, after market closure. A conference call will be held the same day at 4:30 p.m. Eastern Time to discuss these results. U.S. callers can join at 888-394-8218 while international participants can call 856-344-9221, using passcode 4832171. The results and subsequent conference call will be available on the OUTFRONT Media Investor Relations website.
OUTFRONT Media Inc. (NYSE: OUT) has extended the submission deadline for its second annual OUTFRAME competition to October 7, 2020. The theme for this year's contest is 'out of love.' The winner will be announced following the presidential election on November 3, and their artwork will be showcased on digital out of home (OOH) platforms nationwide during November. Additionally, the winner's chosen charity will benefit from a one-month digital OOH campaign in January.
OUTFRONT Media Inc. (NYSE: OUT) has announced the completion of the sale of its Sports Marketing operating segment to Playfly Sports. This segment holds marketing and multimedia rights for various colleges and universities across the United States. The strategic move follows OUTFRONT's focus on leveraging technology and creativity to connect brands with consumers through its expansive outdoor advertising assets.
OUTFRONT Media Inc. (NYSE: OUT) announced that its CEO, Jeremy Male, will present at the Goldman Sachs 29th Annual Communacopia Conference on Wednesday, September 16, 2020, at 2:55 p.m. Eastern Time. A live and replay audio webcast of the session will be accessible on the company's investor relations website. OUTFRONT Media utilizes technology and creativity to connect brands with consumers through a diverse range of billboard, transit, and mobile assets across North America.
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