Clear Channel Outdoor Holdings Inc (N:CCO)

Sector:  Consumer Cyclicals Industry:  Advertising & Marketing
 
See Regulatory Filings on SEC
Company Contact
Address: 4830 North Loop 1604W, Suite 111
SAN ANTONIO TX 78249
Tel: N/A
Website: https://investor.clearchannel.com/home/default.aspx
IR: See website
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Key People
Scott R. Wells
President, Chief Executive Officer, Director
David Sailer
Chief Financial Officer, Executive Vice President
Justin Cochrane
Chief Executive Officer of Clear Channel U.K. & Europe
Lynn A. Feldman
Executive Vice President, Company Secretary, Chief Legal Officer
Jason A. Dilger
Senior Vice President, Chief Accounting Officer
 
Business Overview
Clear Channel Outdoor Holdings, Inc. is an out-of-home advertising company. The Company provides customized advertising solutions through its asset portfolio of roadside billboards, urban street furniture, airport advertising displays and other displays. The Company's segments include America, Airports, and Europe-North. The America segment consists of operations in the United States excluding airports. The Airports segment provides advertising opportunities around and within United States and Caribbean airports. The Europe-North segment consists of operations in the United Kingdom, the Nordics, and several other countries throughout northern and central Europe. It also has operations in Latin America and Singapore. Its Latin American businesses include operations in Mexico, Brazil, Chile, and Peru. The Company generally outsources the design and manufacturing of advertising structures to third parties.
Financial Overview
For the three months ended 31 March 2024, Clear Channel Outdoor Holdings Inc revenues decreased 12% to $481.8M. Net loss before extraordinary items increased from $34.9M to $89.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Other operating income (expense), net increase from $91.3M (income) to $1.4M (expense), Other expense.
Employees: 3,900 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $2,063M as of Mar 31, 2024
EBITDA (TTM): $469.99M as of Mar 31, 2024
Net annual income (TTM): -$213.55M as of Mar 31, 2024
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 488,706,668 as of May 6, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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