Clear Channel Outdoor Hldgs In Stock Price, News & Analysis

Clear Channel Airports has launched a cutting-edge digital media program at the newly opened Newark Liberty International Airport's Terminal A, which cost $2.7 billion. This space features nearly 6,000 square feet of premium digital advertising, targeting millions of travelers annually. Local brands like Audible, Rutgers University, and Atlantic Health System are first to utilize this innovative advertising platform. The terminal, the largest design-build project in New Jersey, is projected to handle 13.6 million passengers per year and generate over $4.6 billion in regional economic activity.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) will release its 2022 fourth quarter results before market opening on February 28, 2023, at 7:00 a.m. Eastern Time. A conference call to discuss the results will follow at 8:30 a.m. Eastern Time. Investors can join the call by dialing 1-833-927-1758 (U.S.) or 1-929-526-1599 (international) with access code 845411. A live audio webcast will be accessible on the company’s website. Related earnings materials will be available post-release, including reconciliations of non-GAAP financial measures.

On December 22, 2022, Clear Channel Outdoor Holdings (NYSE: CCO) announced the sale of its Swiss business to Goldbach Group AG for CHF 86 million (US$ 92.7 million). This transaction aims to enhance financial flexibility and optimize the company’s portfolio. The Swiss business is projected to contribute US$ 9.7 million to Europe Segment Adjusted EBITDA for the year ending December 31, 2022. The deal, subject to regulatory approval, is anticipated to close in mid-2023. CEO Scott Wells emphasized the strategic nature of this sale in the context of ongoing reviews of European assets.

Clear Channel Outdoor Holdings, CCO (NYSE), announced that CEO Scott Wells will present at Citi's 2023 Communications, Media & Entertainment Conference on January 4, 2023, at 8:45 a.m. MT. The presentation will be available via live audio webcast on their investor website, ensuring accessibility for stakeholders. Clear Channel is a leader in out-of-home advertising, utilizing digital displays and data analytics to enhance advertising strategies and connect with millions of consumers across 24 countries.

Clear Channel Outdoor Americas (CCO) has teamed up with No Kid Hungry to launch a digital out-of-home media campaign aimed at addressing child hunger this holiday season. With 1 in 8 children in the U.S. at risk of hunger, the campaign will promote No Kid Hungry's Free Meals Finder, helping families locate free meals in their local communities. The initiative will run across CCO’s digital displays in major markets and airports, enhancing visibility for families in need.

Clear Channel Outdoor Holdings (NYSE: CCO) announced that CFO Brian Coleman will present at the BofA Securities Leveraged Finance Conference 2022 on November 30, 2022, at 9:30 a.m. Eastern Time. The event will be available via a live audio webcast and a replay on the company’s investor website. Clear Channel Outdoor is a leader in the out-of-home advertising sector, utilizing innovative digital platforms and data-driven analytics to enhance advertising effectiveness across more than 500,000 displays globally.

Clear Channel Outdoor Holdings (NYSE: CCO) announced that CEO Scott Wells will present at the Wells Fargo TMT Summit on November 29, 2022, at 1:50 p.m. PT. A live audio webcast and replay will be accessible on their investor website. Clear Channel is a leader in the out-of-home advertising industry, innovating with digital billboards and data analytics to enhance advertising reach. With over 500,000 displays across 24 countries, they connect millions of consumers monthly.

Clear Channel Outdoor Holdings (NYSE: CCO) reported Q3 2022 financial results, showing consolidated revenue of $602.9 million, a 1.1% increase year-over-year. Adjusted EBITDA was $129.5 million, down 5.0%, while net loss widened to $38.8 million. Americas revenue rose 8.6% to $346.5 million, but Europe saw an 8.9% decline. The company is focused on digital transformation and optimizing its European segment. Q4 guidance estimates revenue between $740 million and $765 million. They maintain a cautious outlook for costs amidst changing business trends.

Clear Channel Outdoor Americas (CCO) collaborates with the USO for a nationwide digital billboard campaign throughout November. The initiative aims to encourage public support for over 1.3 million service members deployed globally during the holiday season. With over 2,000 digital billboards across major markets and airports, the campaign promotes USO programs like Care Packages and entertainment to connect service members with their families. The partnership highlights the unique challenges faced by military personnel and emphasizes the importance of community support in their service.