Clear Channel Outdoor Hldgs In Stock Price, News & Analysis

Clear Channel Outdoor Holdings (NYSE: CCO) announced that CEO Scott Wells will participate in a Q&A session at the Morgan Stanley Technology, Media and Telecom Conference on March 7, 2022, at 7:45 p.m. ET. The session will be available via a live audio webcast on the investor website for 30 days. Clear Channel Outdoor is innovating in the out-of-home advertising sector with a focus on digital billboards and data analytics, connecting advertisers with millions of consumers across 26 countries.

Clear Channel Outdoor (CCO) reported strong financial results for Q4 and FY 2021, with significant revenue growth across all segments. Q4 Americas revenue rose 44% to $371.1 million, and Europe increased by 30.3% to $349.7 million. Adjusted EBITDA soared 80.3% and 128.8% for the Americas and Europe, respectively. The company aims to enhance its digital capabilities and optimize its portfolio, particularly in Europe. For Q1 2022, CCO anticipates revenues between $520 million and $550 million, with continued focus on post-COVID recovery and digital transformation.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) will announce its 2021 fourth quarter and full year results on February 24, 2022, before market opens. The company will host a conference call at 8:30 a.m. Eastern Time to discuss these results. Investors can access the live audio webcast through the company's website and find earnings materials available after 7:00 a.m. Eastern Time. Clear Channel is a significant player in outdoor advertising, boasting over 500,000 displays globally, including a rapidly growing digital platform with more than 17,000 digital displays internationally.

Clear Channel Outdoor Holdings (NYSE: CCO) announced Scott Wells as the new CEO, effective January 3, 2022, as part of its succession planning. Wells, previously CEO of Clear Channel Outdoor Americas since 2015, succeeds William Eccleshare, who becomes Executive Vice Chairman. The transition aims to capitalize on anticipated growth opportunities within the company's diverse outdoor advertising portfolio, including over 500,000 displays worldwide. The company is well-positioned for future success, bolstered by strong leadership and a commitment to enhancing customer relationships.

Clear Channel Outdoor Americas (CCO) has partnered with No Kid Hungry for a second consecutive year to launch a holiday campaign aimed at combating childhood hunger in the U.S. Nearly one in six children face hunger, and every dollar donated can provide up to 10 meals. The campaign includes immersive 'Showcase Shelters' in Washington, D.C., and digital billboards promoting local food assistance. The initiative aims to connect communities with resources, stressing the importance of support as families struggle during the pandemic.

Clear Channel Outdoor Holdings (NYSE: CCO) announced a strategic review of its European business, potentially leading to a sale. CEO William Eccleshare stated that improved revenue performance in Europe and a desire to align with strategic goals motivated this decision. The fourth-quarter guidance was raised, with consolidated revenue expectations now between $730 million and $750 million, up from previous estimates. The Americas segment is also performing well, with anticipated revenue growth. However, the company acknowledged uncertainties, including the ongoing impacts of COVID-19 on operations.

Clear Channel Outdoor Holdings (NYSE: CCO) announced participation in the Barclays Global Technology, Media and Telecommunications Conference 2021. Scott Wells, CEO, and Brian Coleman, CFO, will engage in a Q&A session on December 7, 2021, at 4:10 p.m. ET. Investors can access a live audio webcast on the company's investor website, which will also be available for replay for 30 days. Clear Channel Outdoor operates over 500,000 displays globally, with a significant digital presence, including more than 17,000 digital displays worldwide.

Clear Channel Outdoor Holdings (NYSE: CCO) announced its executives, including CEO William Eccleshare, CFO Brian Coleman, and CEO of Clear Channel Outdoor Americas Scott Wells, will participate in a Q&A session at the Wells Fargo Virtual 5th Annual TMT Summit on December 1, 2021, at 9:20 a.m. ET. The session will be webcast live on their investor website and available for replay for 30 days. Clear Channel Outdoor is a leading outdoor advertising company with over 500,000 displays globally, including more than 17,000 digital displays.