Live News • Jun 14
Clear Channel Outdoor Sees Share Sale Debt Amendments and 10-Year Omaha Airport Contract Legion Partners funds sold approximately US$56.3m of Clear Channel Outdoor shares on June 9, 2026.
Clear Channel Outdoor obtained consent from senior secured noteholders to amend indentures governing about US$2.9b of outstanding debt.
The company secured a 10-year advertising contract with the Omaha Airport Authority, tied to new infrastructure investment during a major terminal expansion.
The combination of a large shareholder sale, debt indenture amendments and a long-term airport contract points to both active balance sheet management and ongoing efforts to lock in recurring revenue streams.
You may want to watch how the terms of the amended debt and the capital required for new airport infrastructure affect interest costs, leverage and future cash flow flexibility. Announcement • May 23
Clear Channel Outdoor Introduces Clear Channel Impact Clear Channel Outdoor introduced Clear Channel Impact, a new marketing solution that enables brands to turn their existing advertising investments into meaningful, measurable support for communities nationwide. Clear Channel Impact redefines what Out-of-Home (OOH) advertising can deliver. The offering empowers advertisers to integrate nonprofit partnerships, community engagement and real-world impact directly into their media campaigns while aligning media investment with both business and community objectives. Rather than functioning as a traditional sponsorship model, Clear Channel Impact provides brands with a scalable way to align media investment with community and social impact initiatives, helping amplify their select causes while strengthening consumer connection and brand relevance. Through Clear Channel Impact, CCO invests a portion of a brand's media toward their cause of choice while still running their full-scale OOH campaign. This community building initiative comes with the option to execute a corporate social responsibility investment through non-profit project funding, promotion or content creation. Built in collaboration with GoodBrand Impact, the solution simplifies what has historically been a complex and resource-intensive process by connecting brands with vetted nonprofit organizations, aligning campaigns to causes, and amplifying those efforts through Clear Channel's national media footprint and creative capabilities. Clear Channel Impact builds on the company's longstanding commitment to the communities it serves. Clear Channel Outdoor has been recognized with the Ad Council's Crystal Bell Award and the National League of Cities' Service to Cities Award. The company has a deep history of supporting organizations that advance public health, safety, education and environmental initiatives via organizations such as the FBI, Big Brothers Big Sisters of America, No Kid Hungry, USO, NHTSA and Project Yellow Light, Swim Across America, the National Summer Learning Association and the Afterschool Alliance. Now, that legacy is being extended to brands, creating new opportunities to align business goals with the causes and community priorities that matter most to their audiences. Through Clear Channel Impact, brands can leverage existing media investments to help generate funding for the nonprofit organizations of their choice creating measurable community impact alongside their advertising campaigns while also accessing integrated storytelling and amplification capabilities, including: Strategic development of cause-driven marketing campaigns, Connections to national and local nonprofit partners, Storytelling and branded content creation, OOH media amplification across a national footprint, Community-based activations and engagement opportunities, Measurement frameworks to track both marketing performance and social impact. Early interest from advertisers and nonprofit organizations is strong, with campaigns expected to launch in multiple markets later this year. Reported Earnings • May 06
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: US$0.10 loss per share (improved from US$0.11 loss in 1Q 2025). Revenue: US$373.9m (up 12% from 1Q 2025). Net loss: US$50.0m (loss narrowed 11% from 1Q 2025). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Price Target Changed • Mar 01
Price target increased by 12% to US$2.45 Up from US$2.20, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$2.40. The company is forecast to post a net loss per share of US$0.11 next year compared to a net loss per share of US$0.22 last year. Reported Earnings • Feb 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: US$0.22 loss per share (improved from US$0.26 loss in FY 2024). Revenue: US$1.60b (up 6.6% from FY 2024). Net loss: US$108.5m (loss narrowed 15% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Feb 10
Mubadala Capital and TWG Global Holdings, LLC entered into a definitive agreement to acquire Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for $1.3 billion. Mubadala Capital and TWG Global Holdings, LLC entered into a definitive agreement to acquire Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for $1.3 billion on February 9, 2026. Under the terms of the transaction, the shareholders of Clear Channel will receive $2.43 cash per share, representing a 71% premium to unaffected share price. Equity financing will be provided by Mubadala Capital in partnership with TWG. Apollo-managed funds have committed to invest preferred equity in the transaction. Debt financing has been committed by a group led by JPMorgan Chase Bank, N.A. and Apollo Funds. Clear Channel will have a 45 day "go-shop" which will expire on March 26, 2026. In case of termination of transaction, Mubadala Capital and TWG Global Holdings, LLC will pay a termination fee of $92.90 million and Clear Channel will pay a termination fee of $39.80 million.
Following the acquisition, Wade Davis, a media and technology veteran who partnered with Mubadala Capital and TWG on the transaction, is expected to join Clear Channel as Executive Chairman. The investor group, in partnership with Mr. Davis as Executive Chairman, will work closely with Clear Channel's management team to support the Clear Channel's long-term strategic direction, operational execution, and digital transformation initiatives. Clear Channel's common stock will no longer be listed for trading on any public market. Clear Channel intends to remain headquartered in San Antonio, Texas.
The transaction is subject to customary closing conditions, approval of merger agreement by target board, approval by antitrust regulations, approval by regulatory board / committee and approval of offer by target shareholders. The board of directors of Clear Channel has unanimously approved the transaction. The transaction is expected to close by the end of the third quarter of 2026.
Morgan Stanley acted as financial advisor for Clear Channel Outdoor Holdings, Inc. Moelis & Company acted as financial advisor for Clear Channel Outdoor Holdings, Inc. Daniel Wolf, P.C., David M. Klein, P.C., and Patrick V. Salvo of Kirkland & Ellis LLP acted as legal advisor for Clear Channel Outdoor Holdings, Inc. J.P. Morgan Securities LLC acted as financial advisor for Mubadala Capital. Guggenheim Securities, LLC acted as financial advisor for Mubadala Capital. Ethan A. Klingsberg, Oliver J. Board, and Zizi Petkova of Freshfields US LLP acted as legal advisor for Mubadala Capital. Morgan Stanley acted as fairness opinion provider for Clear Channel Outdoor Holdings, Inc. Moelis & Company acted as fairness opinion provider for Clear Channel Outdoor Holdings, Inc. Announcement • Jan 27
Clear Channel Outdoor Holdings, Inc. to Report Q4, 2025 Results on Feb 26, 2026 Clear Channel Outdoor Holdings, Inc. announced that they will report Q4, 2025 results at 7:00 AM, US Eastern Standard Time on Feb 26, 2026 Price Target Changed • Nov 13
Price target increased by 9.2% to US$2.23 Up from US$2.04, the current price target is an average from 4 analysts. New target price is 17% above last closing price of US$1.90. Stock is up 16% over the past year. The company is forecast to post earnings per share of US$0.04 next year compared to a net loss per share of US$0.26 last year. New Risk • Nov 12
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$104m Forecast net loss in 2 years: US$1.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$3.5b). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$1.4m net loss in 2 years). New Risk • Nov 10
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$104m Forecast net loss in 3 years: US$3.3m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$3.5b). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$3.3m net loss in 3 years). Announcement • Nov 07
Clear Channel Outdoor Holdings, Inc. Provides Revenue Guidance for the Fourth Quarter and for Full Year 2025 Clear Channel Outdoor Holdings, Inc. provides revenue guidance for the fourth quarter and for full year 2025. For the quarter, the company expects Consolidated Revenue of $441 million to $456 million
For the full year, the company expects Consolidated Revenue $1,584 million to $1,599 million. Reported Earnings • Nov 06
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: US$0.10 loss per share (further deteriorated from US$0.067 loss in 3Q 2024). Revenue: US$405.6m (down 27% from 3Q 2024). Net loss: US$50.8m (loss widened 56% from 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. New Risk • Nov 06
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$100m Forecast net loss in 3 years: US$3.3m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$3.5b). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$3.3m net loss in 3 years). Announcement • Oct 07
Clear Channel Outdoor Holdings, Inc. to Report Q3, 2025 Results on Nov 06, 2025 Clear Channel Outdoor Holdings, Inc. announced that they will report Q3, 2025 results at 7:00 AM, US Eastern Standard Time on Nov 06, 2025 Price Target Changed • Sep 25
Price target increased by 21% to US$1.78 Up from US$1.46, the current price target is an average from 4 analysts. New target price is 19% above last closing price of US$1.49. Stock is down 6.3% over the past year. The company is forecast to post earnings per share of US$0.11 next year compared to a net loss per share of US$0.26 last year. Announcement • Sep 19
Clear Channel Outdoor's Inflight Insights Lands as an Solution Delivering Actionable Campaign Performance Data While OOH Ads Are Live Clear Channel Outdoor announced the launch of CCO Inflight Insights, a first-of-its-kind measurement solution that allows brands to assess the impact of their Out-of-Home (OOH) campaigns on store visits while the campaign is still active, providing previously available insights into the audiences visiting, when they're visiting, the distance they've traveled and more. These visitation insights are available to advertisers during ad campaign flights and give customers the ability to consider ways to optimize their OOH campaign performance to drive more store traffic. CCO is the first OOH media owner to introduce an impact assessment solution while OOH campaigns are still live or "in flight." As part of the development of Inflight Insights, CCO has produced insights, comparable to what marketers expect from digital media measurement, for more than 100 campaigns over the last two years. These insights can be delivered to clients at their preferred reporting cadence, as frequently as weekly, so they can track their campaign's impact on foot traffic and other business outcomes, leading to a better understanding of the performance of their OOH investment. Price Target Changed • Sep 10
Price target increased by 7.0% to US$1.53 Up from US$1.43, the current price target is an average from 4 analysts. New target price is 20% above last closing price of US$1.27. Stock is down 18% over the past year. The company is forecast to post earnings per share of US$0.057 next year compared to a net loss per share of US$0.26 last year. Announcement • Sep 09
Clear Channel Outdoor Holdings, Inc. Reiterates Earnings Guidance for the Full Year 2025 Clear Channel Outdoor Holdings, Inc. reiterated earnings guidance for the full year 2025. For the year, the company expects Consolidated Revenue of $1.57 billion – $1.60 billion. New Risk • Aug 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$3.4b). Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$34m net loss in 3 years). New Risk • Aug 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$3.4b). Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$63m net loss in 2 years). Announcement • Aug 05
Clear Channel Outdoor Holdings, Inc. Provides Revenue Guidance for the Third Quarter of 2025 and Updates Earnings Guidance for the Year 2025 Clear Channel Outdoor Holdings, Inc. provided revenue guidance for the third quarter of 2025 and updated earnings guidance for the year 2025. For the quarter, the company expects Consolidated Revenue of $395 million - $410 million.
For the year, the company expects Consolidated Revenue of $1,570 million - $1,600 million. Major Estimate Revision • Jul 23
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.041 to US$0.035 per share. Revenue forecast steady at US$1.57b. Net income forecast to grow 90% next year vs 12% growth forecast for Media industry in the US. Consensus price target broadly unchanged at US$1.36. Share price fell 3.3% to US$1.19 over the past week. Announcement • Jul 09
Clear Channel Outdoor Holdings, Inc. to Report Q2, 2025 Results on Aug 05, 2025 Clear Channel Outdoor Holdings, Inc. announced that they will report Q2, 2025 results at 7:00 AM, Eastern Standard Time on Aug 05, 2025 Reported Earnings • May 02
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: US$0.12 loss per share (improved from US$0.18 loss in 1Q 2024). Revenue: US$334.2m (down 31% from 1Q 2024). Net loss: US$56.0m (loss narrowed 37% from 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 198%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Announcement • May 01
Clear Channel Outdoor Holdings, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2025 Clear Channel Outdoor Holdings, Inc. provided earnings guidance for the second quarter and full year 2025. For the quarter, the company expects Consolidated Revenue in the range of $393 million to $408 million.
For the year, the company expects Consolidated Revenue in the range of $1,562 million to $1,607 million and loss from continuing operations in the range of $70 million to $60 million. Price Target Changed • Apr 13
Price target decreased by 8.3% to US$1.72 Down from US$1.88, the current price target is an average from 5 analysts. New target price is 67% above last closing price of US$1.03. Stock is down 32% over the past year. The company is forecast to post a net loss per share of US$0.23 next year compared to a net loss per share of US$0.26 last year. New Risk • Apr 13
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$127m Forecast net loss in 3 years: US$35m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$3.6b). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$35m net loss in 3 years). Announcement • Apr 11
Clear Channel Outdoor Holdings, Inc., Annual General Meeting, May 29, 2025 Clear Channel Outdoor Holdings, Inc., Annual General Meeting, May 29, 2025. Location: meetnow.global/m6mcpmq, United States Announcement • Apr 02
Bauer Radio Ltd completed the acquisition of Clear Channel Outdoor Holdings, Europe-North segment from Clear Channel Outdoor Holdings, Inc. (NYSE:CCO). Bauer Radio Ltd entered into a definitive agreement to acquire Clear Channel Outdoor Holdings, Europe-North segment from Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) for approximately $630 million on January 8, 2025. The all-cash consideration represents a transaction multiple of approximately 6.5x Europe North segment results for the twelve months ended September 30, 2024. The Company will use the anticipated net proceeds from the sale, after payment of transaction-related fees and expenses, to prepay in full the outstanding CCIBV term loans in the principal amount of $375 million, plus any accrued interest. The remaining expected net proceeds will be subject to the asset sale provisions of the agreements governing the remainder of the Company's indebtedness. During the fourth quarter of 2024, the Company's plan to sell the businesses in its Europe North segment met the criteria to be reported as discontinued operations. Europe-North segment results of approximately $97 million for the twelve months ended September 30, 2024 is calculated as Europe-North Segment Adjusted EBITDA of approximately $128 million less $31 million of estimated corporate costs related to the Europe-North businesses. As part of the acquisition, Clear Channel Europe’s leadership team will continue to lead the Out of Home operations and the 1,400 staff. The transaction is expected to close in 2025, upon satisfaction of regulatory approvals.
On March 10, 2025, The transaction has received the receipt of all regulatory clearances and approvals required. The consummation of the sale remains subject to the delivery of certain customary closing items by the parties as set forth in the related share purchase agreement. The parties expect to close the transaction on March 31, 2025. As of February 24, 2025 the transaction is expected to close in 2025.
Moelis & Company LLC acted as financial advisor for Clear Channel Outdoor Holdings, Inc. Deutsche Bank Securities Inc. acted as financial advisor for Clear Channel Outdoor Holdings, Inc. Liontree Advisors UK LLP acted as financial advisor for Bauer Radio Ltd. Reed Smith LLP, London Branch acted as legal advisor for Bauer Radio Ltd. Herbert Smith Freehills LLP acted as legal advisor for Bauer Radio Ltd. Deloitte Touche Tohmatsu LLC. acted as accountant for Bauer Radio Ltd. Out Of Home Capital Limited act as due diligence advisor for Bauer Radio Ltd.
Bauer Radio Ltd completed the acquisition of Clear Channel Outdoor Holdings, Europe-North segment from Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) on March 31, 2025. The purchase price from the transaction was $625 million, subject to customary closing adjustments. The net cash proceeds received today from the transaction, after prepayment in full of the outstanding CCIBV term loans in the principal amount of $375 million, plus approximately $12 million of accrued interest, totaled approximately $243 million. Final proceeds are subject to customary post-closing adjustments and payment of transaction related fees and expenses. Announcement • Apr 01
Clear Channel Outdoor Holdings, Inc. to Report Q1, 2025 Results on May 01, 2025 Clear Channel Outdoor Holdings, Inc. announced that they will report Q1, 2025 results at 7:00 AM, US Eastern Standard Time on May 01, 2025 Major Estimate Revision • Mar 27
Consensus revenue estimates decrease by 16%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$2.34b to US$1.95b. EPS estimate increased from -US$0.205 to -US$0.186 per share. Media industry in the US expected to see average net income growth of 13% next year. Consensus price target down from US$1.80 to US$1.76. Share price was steady at US$1.12 over the past week. Price Target Changed • Mar 26
Price target decreased by 7.4% to US$1.76 Down from US$1.90, the current price target is an average from 5 analysts. New target price is 54% above last closing price of US$1.14. Stock is down 31% over the past year. The company is forecast to post a net loss per share of US$0.19 next year compared to a net loss per share of US$0.26 last year. Announcement • Mar 07
Clear Channel Outdoor Holdings, Inc. Announces Appointment of Eric Hamme as President Clear Channel Outdoor Holdings, Inc. announced it has appointed Eric Hamme as president of its Chicago market, the third-largest media market in the U.S. In this role, Hamme will oversee all aspects of the market's operations, including sales, marketing, real estate, public affairs, operations and finance. Hamme is a seasoned advertising and sales leader with more than 19 years' experience in developing customer-centric strategies that drive revenue at the local, regional and national levels. Over his seven-year tenure at CCOA, he has leveraged the intersection of technology, data and out-of-home (OOH) media to help advertisers and business partners achieve measurable impact across the company's robust network of roadside, transit and airport media displays. As market president, Hamme will build long-term relationships with clients, landlords and municipal stakeholders while leading business development initiatives that enhance value for CCOA's customers and the broader Chicago community. Hamme will lead one of CCOA's largest markets where the company's OOH media footprint reaches 92% of the DMA 18+ population weekly. In addition to overseeing Chicago's diverse portfolio of roadside and transit assets — including the city's largest commuter portal at 500 West Madison — Hamme will drive strategic campaign alignment for brands seeking to connect with consumers where they drive, walk or fly. This includes leveraging CCO's exclusive in-airport advertising contracts at Chicago Midway International Airport and Chicago O'Hare International Airport, where monthly passenger counts top 1.8 million and 6.7 million, respectively. Hamme boasts an extensive career in advertising and sales with demonstrated success in achieving year-over-year revenue growth. Since joining CCOA in 2018 as local sales manager for Milwaukee, he quickly rose to vice president of sales in 2020 and eventually market manager/vice president of sales in 2022, overseeing sales and business operations. Before his current role, Hamme served as regional director of sales for CCOA-Midwest, where he oversaw the region's entire sales organization. Prior to joining CCOA, Hamme held sales executive roles across radio, TV and digital advertising at various companies, including Hea t Television, FOX Sports, Milwaukee Bucks Inc. and Entercom Milwaukee. A proud Midwesterner, Hamme attended both the University of Wisconsin Eau-Claire and the University of Wisconsin-Whitewater where he majored in journalism and minored in communications. He currently serves as board treasurer of the Outdoor Advertising Association of Wisconsin and as a board member of Florentine Opera Company. His wife, Elizabeth, is a radio and TV personality, and his son, Brayson, is a reservist for the U.S. Marine Corps. Recent Insider Transactions • Mar 05
Independent Chairman of the Board recently bought US$1.0m worth of stock On the 28th of February, W. Moreland bought around 800k shares on-market at roughly US$1.26 per share. This transaction amounted to 53% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was W.'s only on-market trade for the last 12 months. Major Estimate Revision • Mar 03
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.167 to -US$0.205 per share. Revenue forecast unchanged at US$2.34b. Media industry in the US expected to see average net income growth of 16% next year. Consensus price target down from US$1.90 to US$1.80. Share price fell 5.3% to US$1.25 over the past week. Breakeven Date Change • Feb 25
Forecast to breakeven in 2027 The 2 analysts covering Clear Channel Outdoor Holdings expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 26% per year to 2026. The company is expected to make a profit of US$26.0m in 2027. Average annual earnings growth of 48% is required to achieve expected profit on schedule. Reported Earnings • Feb 24
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: US$0.26 loss per share (improved from US$0.33 loss in FY 2023). Revenue: US$1.51b (down 29% from FY 2023). Net loss: US$127.1m (loss narrowed 20% from FY 2023). Revenue missed analyst estimates by 33%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Feb 24
Clear Channel Outdoor Holdings, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2025 Clear Channel Outdoor Holdings, Inc. provided earnings guidance for the first quarter and full year 2025. For the quarter, the company expects Consolidated Revenue in the range of $329 million and $344 million.
For the year, the company expects Consolidated Revenue in the range of $1,562 million and $1,607 million. Price Target Changed • Feb 13
Price target decreased by 8.2% to US$1.90 Down from US$2.07, the current price target is an average from 5 analysts. New target price is 31% above last closing price of US$1.45. Stock is down 22% over the past year. The company is forecast to post a net loss per share of US$0.33 next year compared to a net loss per share of US$0.33 last year. Announcement • Jan 24
Clear Channel Outdoor Holdings, Inc. to Report Q4, 2024 Results on Feb 24, 2025 Clear Channel Outdoor Holdings, Inc. announced that they will report Q4, 2024 results at 7:00 AM, US Eastern Standard Time on Feb 24, 2025 Announcement • Jan 08
Clear Channel Outdoor Holdings, Inc. Announces Retirement of Mary Teresa Rainey as Member of the Board and Committee On January 1, 2025, Mary Teresa Rainey notified the Board of Directors of Clear Channel Outdoor Holdings, Inc. of her retirement as a member of the Board and any committees thereof, effective January 1, 2025. As a result, with the same effective date, the Board reduced its size to ten directors in compliance with the Cooperation Agreement with Legion Partners Holdings, LLC and certain of its affiliates. The Board is grateful to Ms. Rainey for all of her contributions during her tenure and wishes her well. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: US$0.067 loss per share (improved from US$0.11 loss in 3Q 2023). Revenue: US$559.0m (up 6.1% from 3Q 2023). Net loss: US$32.5m (loss narrowed 37% from 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.0%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Nov 01
Clear Channel Outdoor Holdings, Inc. Provides Earnings Guidance Fore the Fourth Quarter and Updates Earnings Guidance for Full Year 2024 Clear Channel Outdoor Holdings, Inc. provided earnings guidance fore the fourth quarter and updated earnings guidance for the full year 2024. For the quarter company expected consolidated revenue to be in range of USD 628 Million to USD 653 Million.
For the full year, company updated guidance from the guidance previously provided. Company now expects Consolidated revenue to be in range of USD 2,222 Million to USD 2,247 Million. Announcement • Oct 02
Clear Channel Outdoor Holdings, Inc. to Report Q3, 2024 Results on Oct 31, 2024 Clear Channel Outdoor Holdings, Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 31, 2024 Announcement • Oct 01
Clear Channel Outdoor Holdings, Inc. Appoints Tim Jones as Independent Director and Member of Audit and the Compensation Committee Clear Channel Outdoor Holdings, Inc. announced the appointment of Tim Jones to its Board of Directors (Board), effective immediately. Mr. Jones will serve as an independent director and will be a member of the Audit Committee and the Compensation Committee of the Board. With this appointment, the Board expands to eleven members, ten of whom are independent. Tim Jones has over three decades of advertising experience and broad business and management experience. Mr. Jones served as the Chief Operating Officer (U.S. Marketing Services) of Publicis Groupe from January 2021 to December 2023. At Publicis, Mr. Jones led the creative, digital experience, media and health businesses and was responsible for the financial and operational oversight of the company, multiple acquisitions and integrations and new business and organic growth opportunities. He previously served as the Chief Executive Officer of Publicis Media U.S. /Americas from March 2016 to December 2020. Prior to this role, Mr. Jones served as Chief Executive Officer (North America) of ZenithOptimedia Group. Price Target Changed • Sep 19
Price target decreased by 10% to US$2.05 Down from US$2.29, the current price target is an average from 5 analysts. New target price is 20% above last closing price of US$1.71. Stock is up 14% over the past year. The company is forecast to post a net loss per share of US$0.29 next year compared to a net loss per share of US$0.33 last year. Major Estimate Revision • Aug 14
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.247 to -US$0.292 per share. Revenue forecast unchanged at US$2.26b. Media industry in the US expected to see average net income growth of 48% next year. Consensus price target broadly unchanged at US$2.25. Share price was steady at US$1.40 over the past week. Reported Earnings • Aug 08
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: US$0.10 loss per share (further deteriorated from US$0.082 loss in 2Q 2023). Revenue: US$558.5m (up 5.2% from 2Q 2023). Net loss: US$48.8m (loss widened 24% from 2Q 2023). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 95%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Aug 07
Clear Channel Outdoor Holdings, Inc. Provides Consolidated Revenue Guidance for the Third Quarter and Updates Consolidated Earnings Guidance for the Full Year of 2024 Clear Channel Outdoor Holdings, Inc. provided consolidated revenue guidance for the third quarter and updated consolidated earnings guidance for the full year of 2024. For the quarter, the company expects revenue to be in the range of $542 million to $567 million.
For the year, the company expects revenue to be in the range of $2,215 million to $2,275 million and loss from continuing operations to be in the range of $160 million to $135 million. Buy Or Sell Opportunity • Jul 18
Now 23% undervalued Over the last 90 days, the stock has risen 12% to US$1.67. The fair value is estimated to be US$2.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 73%. Revenue is forecast to grow by 8.3% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Announcement • Jul 09
Clear Channel Outdoor Holdings, Inc. to Report Q2, 2024 Results on Aug 07, 2024 Clear Channel Outdoor Holdings, Inc. announced that they will report Q2, 2024 results at 7:00 AM, US Eastern Standard Time on Aug 07, 2024 Buy Or Sell Opportunity • May 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to US$1.47. The fair value is estimated to be US$1.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 73%. Revenue is forecast to grow by 8.3% in 2 years. Earnings are forecast to grow by 65% in the next 2 years. Announcement • May 10
Clear Channel Outdoor Holdings, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2024 Clear Channel Outdoor Holdings, Inc. provided earnings guidance for the second quarter and full year 2024. For the quarter, the company expects consolidated revenue of $547 million - $572 million.For the full year, the company expects consolidated revenue of $2,200 million - $2,260 million. Reported Earnings • May 09
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: US$0.18 loss per share (further deteriorated from US$0.073 loss in 1Q 2023). Revenue: US$481.8m (down 12% from 1Q 2023). Net loss: US$89.2m (loss widened 156% from 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.7%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Apr 09
Clear Channel Outdoor Holdings, Inc. to Report Q1, 2024 Results on May 09, 2024 Clear Channel Outdoor Holdings, Inc. announced that they will report Q1, 2024 results at 7:00 AM, US Eastern Standard Time on May 09, 2024 Announcement • Mar 30
Clear Channel Outdoor Holdings, Inc., Annual General Meeting, May 16, 2024 Clear Channel Outdoor Holdings, Inc., Annual General Meeting, May 16, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect ten nominees to serve as directors for a one-year term; to approve an advisory resolution on executive compensation; to approve an amendment to our certificate of incorporation to provide for exculpation of certain officers as permitted by recent amendments to Delaware law; to approve the adoption of our 2012 Third Amended and Restated Equity Incentive Plan to increase the number of shares authorized for issuance under the 2012 Second Amended and Restated Equity Incentive Plan by 36,700,000 shares and to eliminate the liberal share recycling provisions with respect to stock options and stock appreciation rights; to ratify the selection of Ernst & Young LLP as the independent registered public accounting firm of Clear Channel Outdoor for the year ending December 31, 2024; and to consider other business matters. Major Estimate Revision • Mar 04
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$2.20b to US$2.25b. Forecast EPS reduced from -US$0.214 to -US$0.238 per share. Media industry in the US expected to see average net income growth of 47% next year. Consensus price target up from US$2.16 to US$2.29. Share price fell 9.6% to US$1.79 over the past week. New Risk • Feb 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$3.5b). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$51m net loss in 3 years). Share price has been volatile over the past 3 months (9.6% average weekly change). Buy Or Sell Opportunity • Feb 28
Now 29% undervalued Over the last 90 days, the stock has risen 17% to US$1.70. The fair value is estimated to be US$2.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 76%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 39% per annum over the same time period. Price Target Changed • Feb 27
Price target increased by 9.0% to US$2.29 Up from US$2.10, the current price target is an average from 5 analysts. New target price is 18% above last closing price of US$1.94. Stock is up 9.6% over the past year. The company is forecast to post a net loss per share of US$0.23 next year compared to a net loss per share of US$0.33 last year. Reported Earnings • Feb 27
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: US$0.33 loss per share (further deteriorated from US$0.20 loss in FY 2022). Revenue: US$2.13b (down 14% from FY 2022). Net loss: US$159.2m (loss widened 65% from FY 2022). Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) exceeded analyst estimates by 2.2%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 01
Clear Channel Outdoor Holdings, Inc. Appoints Ted White to Board of Directors Clear Channel Outdoor Holdings, Inc. announced the appointment of Ted White to its Board of Directors as part of the Company's Cooperation Agreement with Legion Partners Asset Management, LLC (together with its affiliates, "Legion"). Mr. White will immediately join the Board and will stand for election as part of the Company's director slate at its 2024 Annual Meeting of Stockholders. Additionally, the Nominating and Corporate Governance Committee of the Board, as part of its normal Board recruitment process, will identify and appoint a new independent director with out-of-home industry experience to the Board by the end of the third quarter of 2024, with the Board not to exceed 10 members after such appointment. Ted White is co-founder, Chief Compliance Officer and a Managing Director of Legion Partners Asset Management, an institutional asset management firm specializing in deep fundamental research and concentrated long-term equity investing. Prior to founding Legion, Mr. White served in various functions with Knight Vinke Asset Management, a European based investment management firm. Positions included Managing Director and Chief Operating Officer, where he was responsible for finance, operations, legal, marketing and client service functions. He is a former Deputy Director of the Council of Institutional Investors (CII), where responsibilities included policy development and implementation. Earlier in his career, Mr. White was a Portfolio Manager, Director of Corporate Governance, for the California Public Employees' Retirement System, where he was responsible for all components of its Governance Program, including oversight of $3 billion in actively managed funds, policy development and implementation, proxy voting and focused engagement activities. Mr. White earned an MBA from California State University in Sacramento with a concentration in finance. He is also a Chartered Financial Analyst Charterholder. Announcement • Jan 30
Clear Channel Outdoor Holdings, Inc. to Report Q4, 2023 Results on Feb 27, 2024 Clear Channel Outdoor Holdings, Inc. announced that they will report Q4, 2023 results at 7:00 AM, US Eastern Standard Time on Feb 27, 2024 Buy Or Sell Opportunity • Jan 24
Now 20% undervalued Over the last 90 days, the stock has risen 48% to US$1.76. The fair value is estimated to be US$2.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 71%. Revenue is forecast to decline by 11% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. 
