Clear Channel Outdoor HoldingsNYSE: CCO

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Eileen McLaughlin - Vice President, Investor Relations Scott Wells - Chief Executive Officer David Sailer - Executive Vice President and Chief Financial Officer Justin Cochrane - Chief Executive Officer, UK and Europe Conference Call Participants Cameron McVeigh - Morgan Stanley Daniel Osley - Wells Fargo Avi Steiner - JPMorgan Lance Vitanza - TD Cowen Aaron Watts - Deutsche Bank Kiscada Hastings - JPMorgan Patrick Sholl - Barrington Research Operator Ladies and gentlemen, thank you for standing by. Welcome to Clear Channel Outdoor Holdings, Inc.'s 2024 Third Quarter Earnings Conference Call.

Clear Channel Outdoor (CCO) came out with a quarterly loss of $0.07 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.12 per share a year ago.

SAN ANTONIO , Oct. 31, 2024 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today reported financial results for the quarter ended September 30, 2024. "Our third quarter consolidated revenue of $559 million increased 6.1%, or 5.7% excluding movements in foreign exchange rates, with growth across all of our business segments," said Scott Wells, Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. "Our America segment delivered a revenue increase of 5.0% during the period, reflecting improved national advertising sales and growth across all regions.

SAN ANTONIO , Oct. 28, 2024 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced that a subsidiary of JCDecaux SE has terminated the previously announced agreement to acquire the Company's business in Spain after deciding to withdraw its regulatory filing with the Spanish National Markets and Competition Commission (the "CNMC") in light of the commitments required by the CNMC. The Company will continue operating its business in Spain and remains focused on executing its strategic priorities in its America and Airports segments.

Clear Channel Outdoor Supporting the 25th Annual Lights On Afterschool with Coast-to-Coast Digital Billboard Campaign in October WASHINGTON , Oct. 9, 2024 /PRNewswire/ -- Afterschool champions led by the Afterschool Alliance and Usher's New Look are joining Clear Channel Outdoor (NYSE: CCO) for a broad-based visibility campaign across nearly 2,000 digital billboards as part of the 2024 national Lights On Afterschool  rally. The ads recognize the remarkable work afterschool programs are doing to help young people find their spark through hands-on learning, caring mentors, homework help, STEM (science, technology, engineering, and math) activities, computer programming, robotics, healthy snacks and meals, job and college readiness, the arts, other fields, and more.

Janice ‘Jan' Williams, CCO, Retires After 22 Years of Service to the Bank Janice ‘Jan' Williams, CCO, Retires After 22 Years of Service to the Bank

Although the revenue and EPS for Clear Channel Outdoor (CCO) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Clear Channel Outdoor (CCO) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.08 per share a year ago.

'Visit Annapolis' BWI Takeover of the 'Concourse Tunnel' and 20+ LCD Digital Screens will Reach 27 Million Leisure and Business Travelers Annually via Clear Channel Outdoor's Cutting Edge Media Network BALTIMORE , June 28, 2024 /PRNewswire/ -- Clear Channel Outdoor, Airports Division, the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), today announced a new partnership and sponsorship with Visit Annapolis  & Anne Arundel County (VAAAC), a nonprofit Destination Marketing/Management Organization whose mission is to foster a welcoming destination and promote tourism on behalf of its visitors, partners, and community, to activate a cutting-edge, first-of-its-kind brand takeover of the Concourse at Baltimore/Washington International Thurgood Marshall Airport (BWI Marshall Airport). VAAAC will dominate BWI with its newest ad campaign starting in June, running for 16 months with arrival passengers experiencing the 'Visit Annapolis & Anne Arundel County tunnel' in the Concourse heading to baggage claim, immersing travelers in all the great things to do and experience in Annapolis, Maryland.