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Clear Channel Outdoor Holdings, Inc. reports developments in out-of-home advertising across printed and digital displays, roadside billboards, street furniture and airport media. The company sells advertising placements through a portfolio that includes U.S. roadside assets, airport displays and other markets, with recurring updates tied to digital billboard expansion, data analytics, programmatic buying and campaign measurement.
Company news also covers airport advertising contracts, brand and content partnerships for digital screen networks, research on creative quality and campaign performance, operating and financial results, shareholder matters and capital-structure actions.
Clear Channel Outdoor Holdings reported its Q4 2022 financial results, revealing consolidated revenue of $709.2 million, down 4.5% year-over-year. Excluding foreign exchange impacts, revenue was up 0.9% at $749.7 million. The Americas segment generated $374.2 million, a 0.8% increase, while Europe saw a 9.6% decline to $316.2 million. Net income rose 51.8% to $99.4 million with adjusted EBITDA down 7.6% to $204.8 million. The company plans to enhance operational efficiency by divesting non-core European assets and expanding financial reporting segments from two to four. For 2023, they project consolidated revenue between $2.575 billion and $2.700 billion, with a net loss expected between $110 million and $165 million.
On February 24, 2023, Clear Channel Outdoor Holdings (NYSE: CCO) announced that CEO Scott Wells and CFO Brian Coleman will present at J.P. Morgan's Global High Yield & Leveraged Finance Conference on March 7, 2023, at 2:00 PM ET. The presentation will be accessible via a live audio webcast, with the replay available on Clear Channel's investor website. This engagement underscores the company's commitment to innovation in the out-of-home advertising sector, leveraging digital billboards and data analytics to enhance advertising strategies.
Clear Channel Outdoor Holdings (NYSE: CCO) announced that CEO Scott Wells will present at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023, at 3:55 p.m. PT. Investors can access the live audio webcast and replay on the company's investor website. Clear Channel Outdoor is a leader in the out-of-home advertising space, focusing on innovation through digital billboards, data analytics, and programmatic capabilities. The company connects advertisers with a vast audience across over 500,000 displays in 24 countries, advancing measurable and accessible advertising campaigns.
QuSecure, a leader in post-quantum cybersecurity, has appointed Lisa Hammitt as its first independent director. With over 30 years of industry experience, Hammitt has held leadership roles at Intelsat, IBM, and Visa. Her expertise in AI and quantum technologies is expected to enhance QuSecure’s growth as it serves both federal and commercial clients. Hammitt’s appointment comes during a pivotal year for quantum cybersecurity, as enterprises increasingly seek quantum-resilient solutions. QuSecure's innovative technology aims to protect organizations from both classical and quantum threats, a necessity as quantum computing advances.
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.