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CCO

Clear Channel Outdoor Holdings, Inc.

CCO

Clear Channel Outdoor Holdings, Inc. • NYSE
$1.99 ▲ 2.05% (+0.04)
Market Cap $988.69 M
52w High $2.03
52w Low $0.81
Dividend Yield 0%
P/E -9.48
Volume 981.56K
Outstanding Shares 496.83M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $405.637M ▲ $140.493M ▲ $-60.094M ▼ -14.815% ▼ $0 ▼ $80.907M ▼
Q2-2025 $402.808M ▲ $139.854M ▲ $9.52M ▼ 2.363% ▼ $0.011 ▼ $121.514M ▲
Q1-2025 $334.18M ▼ $120.661M ▼ $62.509M ▲ 18.705% ▲ $0.13 ▲ $88.243M ▼
Q4-2024 $426.719M ▲ $135.337M ▼ $-17.877M ▲ -4.189% ▲ $-0.036 ▲ $109.158M ▼
Q3-2024 $375.188M $141.432M $-32.54M -8.673% $-0.067 $114.619M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $155.01M ▲ $3.761B ▼ $7.216B ▲ $-3.465B ▼
Q2-2025 $138.573M ▼ $3.767B ▼ $7.169B ▼ $-3.411B ▲
Q1-2025 $395.809M ▲ $3.991B ▼ $7.412B ▼ $-3.433B ▲
Q4-2024 $109.707M ▼ $4.804B ▲ $8.444B ▲ $-3.651B ▼
Q3-2024 $201.111M $4.645B $8.243B $-3.609B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-58.849M ▼ $56.224M ▲ $-12.31M ▲ $-12.034M ▲ $32.145M ▲ $41.406M ▲
Q2-2025 $10.649M ▼ $-12.599M ▼ $-34.582M ▼ $-208.584M ▲ $-254.855M ▼ $-29.153M ▼
Q1-2025 $63.213M ▲ $14.925M ▼ $591.868M ▲ $-376.697M ▼ $233.6M ▲ $-10.601M ▲
Q4-2024 $-16.605M ▲ $29.266M ▼ $-63.709M ▼ $-634K ▲ $-38.427M ▼ $-27.829M ▼
Q3-2024 $-31.556M $54.452M $-41.402M $-1.831M $12.562M $20.98M

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
Airports Segment
Airports Segment
 $80.00M ▲$120.00M ▲$100.00M ▼$100.00M ▲
Americas Segment
Americas Segment
 $290.00M ▲$310.00M ▲$300.00M ▼$310.00M ▲
Other Segments
Other Segments
 $20.00M ▲$-50.00M ▼$0 ▲$0 ▲
EuropeNorth Segment
EuropeNorth Segment
 $170.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has climbed from the depths of the pandemic but has been sliding again over the last two years, suggesting a tougher demand backdrop and possibly a smaller business footprint. Despite that, profitability at the operating level has steadily improved, showing better cost control and a more efficient mix of assets, likely helped by digital formats. The company still posts net losses, but over the longer stretch those losses are smaller than they were a few years ago. Overall, the story is of a business that runs more efficiently than before but hasn’t yet turned its stronger operations into consistent bottom‑line profits.

Balance Sheet

Balance Sheet The balance sheet is the main weak point. Debt is very large relative to the size of the business and has not come down meaningfully. Shareholders’ equity is deeply negative, which signals that liabilities far exceed the book value of assets. Cash on hand has fallen a lot compared with earlier years and now looks thin. Together, this suggests a highly leveraged capital structure, sensitivity to interest costs, and a reliance on ongoing access to credit markets or asset sales to stay comfortable.

Cash Flow

Cash Flow Cash generation is fragile. Operating cash flow has moved from negative to modestly positive, which is a welcome shift, but it remains low relative to the scale of the business. After capital spending to maintain and upgrade the advertising network, free cash flow is still consistently negative, though the shortfall has narrowed somewhat. This pattern implies Clear Channel Outdoor has limited self‑funded capacity for growth or debt reduction and may need to keep leaning on financing activities or portfolio reshaping to support its plans.

Competitive Edge

Competitive Edge Commercially, the company occupies a strong niche in out‑of‑home advertising, with valuable locations, especially in major cities and airports, and long‑standing relationships with advertisers and landlords. Regulation makes it hard for new players to quickly replicate its physical footprint, which helps protect its position. Its push into digital screens, audience data, and programmatic buying strengthens its appeal relative to more traditional billboard operators. The main competitive overhang is not so much rival networks as the broader shift of ad budgets toward online and mobile, plus the risk that heavy debt leaves the company less flexible than peers when seizing new opportunities or withstanding downturns.

Innovation and R&D

Innovation and R&D Innovation is a clear bright spot. The RADAR data and analytics suite, programmatic buying tools, and attribution products move the business from selling static space to offering measurable, targeted campaigns, which is exactly what modern marketers want. Advanced digital formats in airports and interactive mobile tie‑ins help differentiate the inventory and support premium pricing. The company is also leaning into AI‑driven targeting and measurement. The constraint is financial: high leverage may limit how aggressively it can invest compared with a less indebted rival, so execution and prioritization of the most impactful projects will matter a lot.

Summary

Clear Channel Outdoor looks like an operational and technology improvement story wrapped inside a stressed balance sheet. On the positive side, the company has upgraded its offering with digital screens, data analytics, and programmatic tools, while steadily improving operating profitability and moving cash flow into slightly better territory. On the risk side, revenue momentum has weakened again, free cash flow remains negative, and leverage is very high with negative equity and a slim cash cushion. Going forward, the key questions are whether the digital and data strategy can stabilize and grow revenue in a choppy ad market, and whether management can use that progress to steadily improve cash generation and reduce financial strain over time.

NEWS

November 24, 2025 · 7:00 AM UTC

Clear Channel Outdoor Holdings, Inc. to Participate in the Bank of America 2025 Leveraged Finance Conference

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November 21, 2025 · 8:05 AM UTC

Clear Channel Outdoor Extends Partnership with Metropolitan Washington Airports Authority to Continue Digital Media Evolution at Washington Dulles International and Reagan National Airports

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November 12, 2025 · 7:00 AM UTC

Clear Channel Outdoor Holdings, Inc. to Participate in the Wells Fargo 9th Annual TMT Summit

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November 6, 2025 · 6:00 AM UTC

Clear Channel Outdoor Holdings, Inc. Reports Results for the Third Quarter of 2025

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October 20, 2025 · 11:30 AM UTC

CN Announces Executive Changes to COO and CCO Roles

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